Oerlikon reports profitability increase in Q1 2012

On a like-for-like basis, EBIT reached CHF 113 million (Q1 2011: CHF 106 million), reflecting a margin of 11.8 % (Q1 2011: 11.7 %). The overall result was driven by strong margin improvement at the Textile and Drive Systems Segments and continued high profitability in both Vacuum and Coating. CEO Dr. Michael Buscher said: “This is a good start to the year for Oerlikon. Continuous efficiency improvements coming from Operational Excellence programs across the organization have contributed to a further increase in profitability. For the full year, we see upside potential for business volume and profitability.”