Despite that, the Division noted continued recovery in automotive, tooling and general industries, as well as an initial soft recovery in aerospace, compared to the previous year.
Stronger demand was seen in the automotive and aviation sectors, while tooling had a slow start at the beginning of the year, but was seen to be gaining momentum toward the end of the quarter.
A key driver of this development was the high demand from the automotive and tool sector, primarily in Asia.
The troubled automotive and tool industries caused the decline in sales at Oerlikon Coating.
The signs at Oerlikon Coating point to increasing volumes in Job Coating and, increasingly, for tools as well during Q4 2009.
order intake (Q2 2020: CHF 238 million) and an increase of 7% in sequential sales (Q2 2020: CHF 262 million) compared to the second quarter, attributed to the initial recovery in the automotive and tooling
The signs at Oerlikon Coating point to increasing volumes in Job Coating and, increasingly, for tools as well during Q4 2009.
Tooling (Q2: +27% year-over-year) and general industries (Q2: +24% year-over-year) also noted improving trends. The Division succeeded in capturing business as demand returned.
members of the Board of Directors and the Executive Committee Board notify the Swiss Stock Exchange in writing of any significant transactions associated with the Company’s shares and other financial tools
However, a softening in the tooling market and in the materials for aviation and oil & gas businesses was noted.
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