Switzerland's Oerlikon Q3 sales rise 10% year-on-year

Overview

• Swiss material science engineering firm's Q3 sales rose 10% yr/yr at constant FX

• Order intake increased 15% yr/yr at constant FX, driven by higher volumes and pricing

• Company reaffirmed its full-year 2026 financial guidance

Outlook

• Oerlikon reaffirms its full-year 2026 financial guidance

• Company says current order backlog supports outlook for the remainder of 2026

• Company notes mixed economic environment but improvement in PMIs across major economies

Result Drivers

• VOLUMES AND PRICING - Co said higher volumes and positive pricing contributed to increased Q3 orders and sales

• END-MARKET DEMAND - Strong demand in Materials segment from aviation, power generation and general industries supported sales

• SUPPLY CHAIN CONSTRAINTS - Customers sought to secure critical minerals amid supply chain constraints, supporting order intake

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the industrial machinery & equipment peer group is "buy."

• Wall Street's median 12-month price target for OC Oerlikon Corporation AG, Pfaeffikon is CHF6.30, about 12.3% above its October 28 closing price of CHF5.61

• The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 19 three months ago

Reuters Recommended Reads

• Oct 27 - Switzerland's INFICON Q3 sales jump, lifts FY outlook on firm semiconductor demand

• Oct 27 - SIG Group raises full-year EBIT margin guidance

• Oct 27 - Switzerland's Bucher Industries 9-month sales dip, orders fall on weak demand

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)