Due to full order books, however, confirmed the Outlook for the year as a whole, such as Oerlikon announced on Tuesday.

sales increased in the reporting period, a total of 3.3 percent to 624 million francs. The order intake decreased by around 10 per cent to 680 million, and the order backlog at the end of March amounted to 652 million and was unchanged compared to the 651 million.

The operating result at EBITDA level of 2.1 percent, was lower at 93 million Swiss francs, corresponding to a margin of 15.0 percent, after 15.7 percent in the previous year. The EBIT was 44 million, which is 21 percent lower. The previous year figures have been adjusted for the sold division Drive system.

The two segments of the group performed in different ways. While the business with surface solutions, Surface Solutions, both in order intake (+0.3% to 385 million Fr.) and sales (+2.8% to 371 million Fr.) rose, fell back, the order intake in the case of Manmade Fibers in accordance with the record-high value from the previous year by 21 percent to CHF 296 million. The turnover, however, was here, too, with a +4.5 percent to 254 million clearly positive.

operating profit EBITDA decreased in Surface Solutions to some 12 percent to 61 million, while it increased in the case of Manmade by 26 percent to 34 million.

Despite the increasingly difficult market environment, Surface Solutions has remained on a growth course, in particular, by the areas of materials, installations for tool coating and thermal spraying, especially in the aerospace sector, it said.

The growth in Manmade Fibers was mainly attributable to the business with the Filament and polymerization systems and also non-woven fabric systems would have supported this.

The forecast for the current year is confirmed, and the company also expects order intake and sales of more than 2.7 billion Swiss francs.

(SDA)