OC Oerlikon Corp AG : Q2 2024 results ahead of expectations and raising FY 2024 earnings margin guidance
>Both divisions performed better than expected in Q2 2024 - Oerlikon’s Q2 2024 reported group sales are -15% y-o-y to CHF 616m (+4% vs ODDO BHF; +3% vs cons.) with an organic growth rate of -10% y-o-y. The group’s adjusted EBITDA is -22% y-o-y to CHF 100m (+9% vs ODDO BHF; +10% vs cons.) with an adjusted EBITDA margin of 16.2% (+80bp vs ODDO BHF; +100bp vs cons.). The new order intake at group level is -1% y-o-y (+1% q-o-q) to CHF 651m in the quarter under review. Loo...OC Oerlikon supplies production systems, components, support and services for applications in the mobility, energy, food, infrastructure, functional wear and electronics markets. Co. operates in four Segments: Surface Solutions, which is a supplier of surface technologies, provides customers a range of coating solutions, products and services; Manmade Fibers, which provides plant solutions for the production of chemical fibers; Drive Systems, which supplies gear, drive and shifting solutions; and Vacuum, which provides a range of vacuum pumps and components for the manufacturing process industries, coatings technology applications, instrumental analysis as well as research and development.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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