Oerlikon Manmade Fibers: Q3 results show posi...
Oerlikon Manmade Fibers

Q3 results show positive market outlook

Oerlikon

In the 3rd quarter (Q3) of 2020 the Manmade Fibers Segment of technology group Oerlikon Management AG, Pfäffikon/Switzerland, delivered another quarter of strong and stable results. Sales increased by 18.1% year-on-year to CHF 313 million.

Order intake was sustained at a high level of CHF 261 million. The Q3 EBIT was CHF 40 million (Q3/2019: CHF 22 million) or 12.9% of sales (Q3/2019: 8.4%). Looking back over the first 9 months, Jan.-Sept. 2020, the picture is quite different. Order intake was CHF 770 million, a decrease of 11% compared to the same period 2019 (CHF 870 million). Sales for Jan.-Sept. 2020 were CHF 765 million, down 8.8% (2019: CHF 839 million). These strong orders and sales figures of Q3 are driven by the notable recovery in the filament equipment business in China and the continued pick-up in demand for meltblown nonwoven solutions used in face mask production. The Manmade Fibers Segment is on track to fulfil its planned 2020 deliveries.

 

Your Newsletter for the Textile Industry

From the industry for the industry – sign up for your free newsletter now

 
stats