Oerlikon 1. Quarter Trading Update

Oerlikon delivered order intake in Q1 at CHF 455M, up 18 % organically year-over-year. Sales increased by 5% organically to CHF 378M. This quarter was marked by heightened geopolitical tensions affecting global markets, increased volatility and FX headwinds, with the Swiss Franc appreciating against all major currencies. Thanks to its global footprint and exposure to diversified end markets, the company demonstrated strong resilience.

Aviation and general industries customers remained focused on securing the supply of certain critical materials, particularly Yttrium and Tungsten. This drove volume growth in the materials business, which, together with higher raw materials prices, contributed to the strong level of orders and sales. Other end markets including automotive, tooling and luxury continued to face headwinds, in line with the company’s expectations.

From a regional perspective, APAC continued to perform strongly, the Americas showed positive momentum reflected in solid order intake and Europe showed signs of stabilization. Following the performance in Q1 and based on the current order backlog, Oerlikon reaffirms its full-year guidance.