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Key figures

  • Group results impacted by weak Manmade Fibers and Drive Systems Segments’ markets
  • Group EBITDA margin of 14.7 %
  • Group book-to-bill ratio above 1
  • Surface Solutions Segment with slightly increased top line and operating profitability
  • Manmade Fibers Segment improved results from a low base level compared to prior quarter
  • Drive Systems Segment increased orders with further customer wins
  • Full-year guidance for 2016 confirmed

Key figures of the Oerlikon Group as of September 30, 2016 (in CHF million)

  Q3 20161 Q3 20152 9M 20161 9M 20152
Order intake 572 609 -6.1 % 1 753 1 941 -9.7 %
Order backlog 398 493 -19.3 % 398 493 -19.3 %
Sales 549 634 -13.4 % 1 718 2 013 -14.7 %
EBITDA 81 111 -27.0 % 238 353 -32.6 %
EBITDA margin 14.7 % 17.5 % 13.8 % 17.5 %
EBIT 37 70 -47.1 % 105 228 -53.9 %
EBIT margin 6.8 % 11.1 % 6.1 % 11.3 %
ROCE (rolling 12-month) 6.2 %3 9.3 %4 6.2 %3 9.3 %4

Continuing operations.
Restated for divested Vacuum Segment.
Normalized.
4 Reported.

Five-year summary of key figures

in CHF million 2015 2014 2013 2012 2011

Order intake1

2 537 2 647 2 779 2 802 2 878
Order backlog1 431 643 800 834 971
Sales1 2 671 2 825 2 770 2 906 2 731
           
EBITDA1, 3 338 475 483 547 450
– as % of sales 13 % 17 % 17 % 19 % 16 %
EBIT1, 4 -306 323 359 421 318
– as % of sales -11 % 11 % 13 % 14 % 12 %
           
Net result -418 202 201 380 224
– as % of equity attributable to shareholders of the parent -27 % 9 % 10 % 20 % 14 %
           
Cash flow from operating activities5 393 427 435 414 544
Capital expenditure for property, plant and equipment and intangible assets1 150 151 177 181 167
           
Total assets 4 097 4 966 4 094 4 158 4 573
Equity attributable to shareholders of the parent 1 554 2 188 2 072 1 860 1 586
– as % of total assets 38 % 44 % 51 % 45 % 35 %
           
Net cash2, 6 79 114 981 339 -86
           
Net operating assets1, 7 1 875 2 486 1 586 1 575 2 205
Number of employees1 13723 14039 12660 12708 12726
Personnel expenses1 785 780 737 765 740
Research and development expenditure1, 8 103 96 101 106 102

1 2015 continuing operations, 2014 restated, 2013, 2012 and 2011 as reported.
2 2015 continuing operations, 2014, 2013, 2012 and 2011 as reported.
3 Includes one-time effects of CHF –112 million (restructuring).
4 Includes one-time effects of CHF –588 million (restructuring expenses of CHF –112 million and impairment losses of CHF 476 million).
5 Before changes in net current assets.
6 Net cash includes cash and cash equivalents and marketable securities less current and non-current debt.
7 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).
Research and development expenditure includes expense recognized as intangible assets.