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Key figures

  • Over 20 % increase in Group orders and sales
  • Strong organic growth and high profitability sustained in Surface Solutions Segment
  • Substantial improvement in top-line and EBITDA margin in Manmade Fibers Segment
  • Significant top-line increase and double-digit EBITDA margin in Drive Systems Segment
  • Group EBITDA margin improved to 14.6 % after offsetting investments
  • Group result from continuing operations up 78.0 % to CHF 146 million
  • Raising dividend payout to CHF 0.35 per share
  • Sustaining growth and improving profitability in 2018: order intake to increase up to CHF 3.4 billion, sales to around CHF 3.2 billion, and the EBITDA margin to improve to around 15 % (after investments).

Key figures of the Oerlikon Group as of December 31, 2017 (in CHF million)

  FY 2017 FY 2016 Q4 2017 Q4 2016
Order intake 3 005 2 413 24.5 % 830 660 25.8 %
Order backlog 683 447 52.8 % 683 447 52.8 %
Sales 2 847 2 331 22.1 % 829 613 35.2 %
EBITDA 415 334 24.3 % 124 97 27.8 %
EBITDA margin 14.6 % 14.3 % 15.0 % 15.8 %
EBIT 219 158 38.6 % 73 53 37.7 %
EBIT margin 7.7 % 6.8 % 8.8 % 8.6 %
Result from continuing operations1 146 82 78.0 %
Net result1 152 3882 -60.8 %
ROCE (rolling 12-month) 8.2 % 5.7 % 8.2 % 5.7 %

1 Reported annually and semi-annually only. 2 2016 figure included mainly the gain from the divestment of the Vacuum Segment. 

Five-year summary of key figures

in CHF million 2017 2016 2015 2014 2013

Order intake1

3 005 2 413 2 537 2 647 2 779
Order backlog1 683 447 431 643 800
Sales1 2 847 2 331 2 671 2 825 2 770
           
EBITDA1, 2 415 334 338 475 483
– as % of sales 15 % 14 % 13 % 17 % 17 %
EBIT1, 3 219 158 -306 323 359
– as % of sales 8 % 7 % -11 % 11 % 13 %
           
Net result 152 388 -418 202 201
– as % of equity attributable to shareholders of the parent 8 % 21 % -27 % 9 % 10 %
           
Cash flow from operating activities4 405 269 393 427 435
Capital expenditure for property, plant and equipment and intangible assets1 237 144 150 151 177
           
Total assets 4 352 3 825 4 097 4 966 4 094
Equity attributable to shareholders of the parent 1 970 1 826 1 554 2 188 2 072
– as % of total assets 45 % 48 % 38 % 44 % 51 %
           
Net cash1, 5 499 401 79 114 981
           
Net operating assets1, 6 1 949 1 867 1 875 2 486 1 586
Number of employees1 14 962 13 840 13 723 14 039 12 660
Personnel expenses1 877 796 785 780 737
Research and development expenditure1, 7 107 94 103 96 101

1 2016 continuing operations, 2015, 2014 and 2013 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, non-current post-employment benefit liabilities and deferred tax liabilities).
7 Research and development expenditure includes expense recognized as intangible assets.

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