The Polymer Processing Solutions (PPS) Division of Oerlikon Management AG, Pfäffikon/Switzerland, continued to grow profitably in the 2nd quarter (Q2) of 2022. Consequently, order intake for the 1st half (H1) of 2022 increased by 35.5% to CHF 839 million. Sales increased by 31.5% to CHF 752 million (H1/2021: CHF 572 million), driven by structural demand for filament equipment, flow control systems, plant engineering solutions and a recovery in demand in the US carpet yarn market.
In Q2/2022 operational EBITDA of the PPS Division improved by almost 34% to CHF 65 million, or 17.1% of sales, driven by positive operating leverage, cost control and the INglass acquisition. EBIT in Q2/2022 was CHF 51 million, or 13.3% of sales.
»Polymer Processing Solutions continued to execute and delivered another strong quarter of sales growth and margin improvement, driven by filament and non-filament.«