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
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
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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.)