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

By Reuters News


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

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Sales

CHF 421 mln

Q3 Orders

CHF 458 mln


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


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(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.)

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