{"id":58137,"date":"2024-03-05T17:06:30","date_gmt":"2024-03-05T14:06:30","guid":{"rendered":"http:\/\/www.textilegence.com\/?p=58137"},"modified":"2024-04-01T15:45:20","modified_gmt":"2024-04-01T12:45:20","slug":"oerlikon-aims-to-be-pure-play-global-market-leader-in-surface-solutions","status":"publish","type":"post","link":"https:\/\/www.textilegence.com\/en\/oerlikon-aims-to-be-pure-play-global-market-leader-in-surface-solutions\/","title":{"rendered":"Oerlikon aims to be pure-play global market leader in surface solutions"},"content":{"rendered":"\n

Oerlikon, one of the leading global brands for surface engineering, polymer processing and additive manufacturing<\/a>, announced its final strategic step to become a pure-play leader in the broad surface solutions markets. Besides, sharing its 2023 results, the company<\/a> also explained its expectations for 2024 outlook. It is stated that 2023 Group orders, sales and EBITDA impacted by Polymer Processing Solutions downturn, while achieving strong performance in Surface Solutions with 7% organic sales growth at constant FX and sequentially improved profitability throughout 2023.<\/p>\n\n\n\n

2023 results impacted by challenging environment in Polymer Processing Solutions<\/h2>\n\n\n\n

Oerlikon Group order intake decreased by 17.8% to CHF 2 457 million. Adjusted for FX and the Riri acquisition, orders decreased by 16.8%. Group sales decreased by 7.4% to CHF 2 693 million, including an FX headwind of -6.0% and an impact of +4.5% from the Riri acquisition. The FX-adjusted organic decline of 5.9% was driven by the filament downturn in Polymer Processing Solutions, while Surface Solutions saw an FX-adjusted organic sales growth of +7.0%.<\/p>\n\n\n\n

Order intake for the fourth quarter decreased by 16.7%, including an FX impact of -5.5% and a positive impact from the Riri acquisition of 5.0%. Group sales decreased by 14.0% to CHF 633 million. This includes an FX headwind of 5.5% and a positive effect from the Riri acquisition of 4.2%. The organic FX-adjusted sales decline of 12.7% was driven by the filament downturn in Polymer Processing Solutions, while Surface Solutions posted a solid FX-adjusted organic sales growth of 7.6%.<\/p>\n\n\n

\n
\"Oerlikon
2023 results impacted by challenging environment in Polymer Processing Solutions Image Source: Oerlikon<\/figcaption><\/figure>\n<\/div>\n\n\n

Oerlikon Executive Chairman Michael Suess commented: \u201cIn 2023, we managed short-term market headwinds and adverse currency effects (CHF -174 million on 2023 sales) and executed on our strategy,\u201d and disclosed that their swift and decisive strategic actions, particularly in Quarter 4, streamlined their existing business and strengthened their foundation for growth and profitability.<\/p>\n\n\n\n

Oerlikon will implement its strategic step over the next 12-36 months to be the market leader<\/h2>\n\n\n\n

Michael Suess stated that they announced their final strategic step to become a pure-play leader in the broad surface solutions markets with attractive organic and inorganic growth opportunities, noting: \u201cWe will further leverage our technology leadership to drive growth and profitability by expanding regionally and into new applications and end markets.\u201d Suess also said that the board and management will evaluate options for the separation of Polymer Processing Solutions with the aim of optimizing value for all stakeholders. Oerlikon will implement this step over the next 12-36 months as Polymer Processing Solutions\u2019 filament cycle recovers.<\/p>\n\n\n\n

As for 2024, Oerlikon expects a high single-digit percentage decrease in FX-adjusted organic sales, and an operational EBITDA margin of 15.0-15.5%. Oerlikon anticipates growth in Surface Solutions to be offset by the downturn in Polymer Processing Solutions.<\/p>\n","protected":false},"excerpt":{"rendered":"

Oerlikon, one of the leading global brands for surface engineering, polymer processing and additive manufacturing, announced its final strategic step to become a pure-play leader in the broad surface solutions markets. Besides, sharing its 2023 results, the company also explained its expectations for 2024 outlook. It is stated that 2023 Group orders, sales and EBITDA […]<\/p>\n","protected":false},"author":8,"featured_media":58134,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9859],"tags":[12527,16352,10369,12450],"class_list":{"0":"post-58137","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-topical","8":"tag-oerlikon","9":"tag-surface-solutions","10":"tag-textile-news-en","11":"tag-topical"},"yoast_head":"\nOerlikon aims to be pure-play global market leader in surface solutions - Textilegence<\/title>\n<meta name=\"description\" content=\"Oerlikon, one of the leading global brands for surface engineering, polymer processing and additive manufacturing, announced...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.textilegence.com\/en\/oerlikon-aims-to-be-pure-play-global-market-leader-in-surface-solutions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Oerlikon aims to be pure-play global market leader in surface solutions\" \/>\n<meta property=\"og:description\" content=\"Oerlikon, one of the leading global brands for surface engineering, polymer processing and additive manufacturing, announced its final strategic step to\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.textilegence.com\/en\/oerlikon-aims-to-be-pure-play-global-market-leader-in-surface-solutions\/\" \/>\n<meta property=\"og:site_name\" content=\"Textilegence Magazine and Digital Platform\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TextilegenceMagazine\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/TextilegenceMagazine\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-05T14:06:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-04-01T12:45:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.textilegence.com\/wp-content\/uploads\/2024\/03\/Oerlikon-Textilegence-Surface-Solutions.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Fatih Cengiarslan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/textilegence\" \/>\n<meta name=\"twitter:site\" content=\"@textilegence\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fatih Cengiarslan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\\\/\\\/www.textilegence.com\\\/en\\\/oerlikon-aims-to-be-pure-play-global-market-leader-in-surface-solutions\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.textilegence.com\\\/en\\\/oerlikon-aims-to-be-pure-play-global-market-leader-in-surface-solutions\\\/\"},\"author\":{\"name\":\"Fatih Cengiarslan\",\"@id\":\"https:\\\/\\\/www.textilegence.com\\\/en\\\/#\\\/schema\\\/person\\\/1c3977109f8a6e1e2b95678836d75cb7\"},\"headline\":\"Oerlikon aims to be pure-play global market leader in surface solutions\",\"datePublished\":\"2024-03-05T14:06:30+00:00\",\"dateModified\":\"2024-04-01T12:45:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.textilegence.com\\\/en\\\/oerlikon-aims-to-be-pure-play-global-market-leader-in-surface-solutions\\\/\"},\"wordCount\":443,\"publisher\":{\"@id\":\"https:\\\/\\\/www.textilegence.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.textilegence.com\\\/en\\\/oerlikon-aims-to-be-pure-play-global-market-leader-in-surface-solutions\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.textilegence.com\\\/wp-content\\\/uploads\\\/2024\\\/03\\\/Oerlikon-Textilegence-Surface-Solutions.jpg\",\"keywords\":[\"oerlikon\",\"Surface Solutions\",\"textile news\",\"topical\"],\"articleSection\":[\"Topical\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.textilegence.com\\\/en\\\/oerlikon-aims-to-be-pure-play-global-market-leader-in-surface-solutions\\\/\",\"url\":\"https:\\\/\\\/www.textilegence.com\\\/en\\\/oerlikon-aims-to-be-pure-play-global-market-leader-in-surface-solutions\\\/\",\"name\":\"Oerlikon aims to be pure-play global market leader in surface solutions - 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The platform provides news, articles, and updates on various aspects of the textile industry, including sustainability, technological advancements, and market trends.","email":"editor@textilegence.com","telephone":"+90 212 442 24 12","legalName":"Textilegence Mag and Digital Platform","foundingDate":"2013-01-01","numberOfEmployees":{"@type":"QuantitativeValue","minValue":"1","maxValue":"10"}},{"@type":"Person","@id":"https:\/\/www.textilegence.com\/en\/#\/schema\/person\/1c3977109f8a6e1e2b95678836d75cb7","name":"Fatih Cengiarslan","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.textilegence.com\/wp-content\/uploads\/2018\/12\/fatih-cengiarslan.jpg","url":"https:\/\/www.textilegence.com\/wp-content\/uploads\/2018\/12\/fatih-cengiarslan.jpg","contentUrl":"https:\/\/www.textilegence.com\/wp-content\/uploads\/2018\/12\/fatih-cengiarslan.jpg","caption":"Fatih Cengiarslan"},"description":"Fatih Cengiarslan; Akademik \u0130ngilizce e\u011fitimini Bat\u0131 Avustralya \u00dcniversitesi\u2019nde tamamlad\u0131ktan sonra T\u00fcrkiye\u2019ye d\u00f6nerek \u0130stanbul Ayd\u0131n \u00dcniversitesi\u2019nde \u0130nternet Gazetecili\u011fi ve Yay\u0131nc\u0131l\u0131k b\u00f6l\u00fcm\u00fcn\u00fc bitirip, Litvanya \u2013 Kaunas Teknoloji \u00dcniversitesi\u2019nde interaktif media \u00fczerine 8 ayl\u0131k e\u011fitim ald\u0131. Daha sonra Eski\u015fehir Anadolu \u00dcniversitesi girerek \u0130\u015fletme Fak\u00fcltesini ba\u015far\u0131yla tamamlad\u0131. CNNTURK\u2019 kanal\u0131nda staj\u0131n\u0131 tamamlad\u0131ktan sonra Referans Gazetesi\u2019nde \u00e7al\u0131\u015fmaya ba\u015flad\u0131. 2 y\u0131l sonra Textilegence markas\u0131yla tekstil end\u00fcstrisine y\u00f6nelik kendi medyas\u0131n\u0131 kurdu. \u015eu anda Textilegence.com, Printing3D ve NEFA PR Ajans\u0131\u2019n\u0131n 12 y\u0131ld\u0131r y\u00f6netimini yapmaktad\u0131r.","sameAs":["https:\/\/www.textilegence.com","https:\/\/www.facebook.com\/TextilegenceMagazine","https:\/\/www.instagram.com\/textilegence\/","https:\/\/www.linkedin.com\/in\/fatih-cengiarslan-32352265\/","https:\/\/x.com\/https:\/\/twitter.com\/textilegence"],"url":"https:\/\/www.textilegence.com\/en\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/posts\/58137","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/comments?post=58137"}],"version-history":[{"count":0,"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/posts\/58137\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/media\/58134"}],"wp:attachment":[{"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/media?parent=58137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/categories?post=58137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/tags?post=58137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}