22% Cutting tools 51% Equipment Automotive Comp.
The lockdowns imposed by governments impacted the supply chain and demand across regions and industries, including the end markets of the surface solutions business, namely aviation, automotive, tooling
Sales were down 41 percent to CHF 158 million due to extraordinarily weak demand from both the tooling and the automotive markets.
Sales continued to increase, notably in general industries, aerospace and automotive, and slightly in tooling.
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.
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.
Sales continued to increase, notably in general industries, aerospace and automotive, and slightly in tooling.
The troubled automotive and tool industries caused the decline in sales at Oerlikon Coating.
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.
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
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