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Key figures

  • Surface Solutions Segment delivered good performance despite market headwinds
  • Q4 2016 results confirmed bottom of trough reached in 2016 for manmade fibers business
  • Repositioning of Drive Systems Segment led to improved operating profitability
  • Group operating profitability with an EBITDA margin of 14.3 %
  • Group net result of CHF 388 million
  • Proposing dividend payout of CHF 0.30 per share as in previous year
  • Executed first steps of Oerlikon’s strategic roadmap
  • Outlook 2017: sales and order intake to increase to around CHF 2.5 billion each, and operating profitability to be around prior-year level; however, given significant planned investment expenses in additive manufacturing, EBITDA margin expected to be around 13 %

Key figures of the Oerlikon Group as of December 31, 2016 (in CHF million)

  Q4 2016 Q4 2015 Q4 2016 Q4 2015
Order intake1 2 413 2 537 -4.9 % 660 597 10.6 %
Order backlog1 447 431 3.7 % 447 431 3.7 %
Sales1 2 331 2 671 -12.7 % 613 657 -6.7 %
EBITDA1 3343 3384 -1.2 % 973 -154 >100 %
EBITDA margin1 14.3 % 12.7 % 15.8 % -2.2 %
EBIT1 1585 -3066 >100 % 535 -5346 >100 %
EBIT margin1 6.8 % -11.4 % 8.6 % -81.2 %
Result from continuing operations2 82 -402 >100 %
Net result2 388 -418 >100 %
ROCE (rolling 12-month) 5.7 % -19.8 % 5.7 % -19.8 %

1 Continuing operations. 2 Reported annually and semi-annually only. 3 Includes restructuring and pension adjustments – FY 2016: CHF 19 million; Q4 2016: CHF 8 million. 4 Includes restructuring adjustments of CHF -112 million. 5 Includes restructuring, pension and impairment adjustments – FY 2016: CHF 18 million; Q4 2016: CHF 7 million. 6 Includes restructuring and impairment adjustments of CHF -588 million.

Five-year summary of key figures

in CHF million 2016 2015 2014 2013 2012

Order intake1

2 413 2 537 2 647 2 779 2 802
Order backlog1 447 431 643 800 834
Sales1 2 331 2 671 2 825 2 770 2 906
           
EBITDA1, 2 334 338 475 483 547
– as % of sales 14 % 13 % 17 % 17 % 19 %
EBIT1, 3 158 -306 323 359 421
– as % of sales 7 % -11 % 11 % 13 % 14 %
           
Net result 388 -418 202 201 380
– as % of equity attributable to shareholders of the parent 21 % -27 % 9 % 10 % 20 %
           
Cash flow from operating activities4 269 393 427 435 414
Capital expenditure for property, plant and equipment and intangible assets1 144 150 151 177 181
           
Total assets 3 825 4 097 4 966 4 094 4 158
Equity attributable to shareholders of the parent 1 826 1 554 2 188 2 072 1 860
– as % of total assets 48 % 38 % 44 % 51 % 45 %
           
Net cash1, 5 401 79 114 981 339
           
Net operating assets1, 6 1 867 1 875 2 486 1 586 1 575
Number of employees1 13840 13723 14039 12660 12708
Personnel expenses1 796 785 780 737 765
Research and development expenditure1, 7 94 103 96 101 106

1 2016 continuing operations, 2015, 2014, 2013 and 2012 as reported.
2 2015 includes one-time effects of CHF -112 million (restructuring).
3 2015 includes one-time effects of CHF -588 million (restructuring expenses of CHF -112 million and impairment losses of CHF -476 million).
4 Before changes in net current assets.
5 Net cash includes cash and cash equivalents, deposits and marke table securities less current and non-current debt.
6 Net operating assets include current and non-current operating assets (including goodwill and brands and excluding cash and cash equivalents, current
financial investments, current income tax receivables and deferred tax assets) less operating liabilities (excluding current loans and borrowings,
non-current financial liabilities, current income tax payables and deferred tax liabilities).
7 Research and development expenditure includes expense recognized as intangible assets.