Oerlikon Metco Announces Q1 2024 Financial Results Showing Increased Order Intake and Strong Profitability

Oerlikon Metco released its Q1 2024 financial results highlighting a significant increase in Polymer Processing Solutions order intake, up by 38% from Q4 2023, and stable sales in Surface Solutions despite challenging market conditions. The group achieved a robust operational EBITDA margin of 15.7%. Notably, the Surface Solutions division improved its EBITDA margin year-over-year by 122 basis points.

The company confirmed its 2024 guidance, reflecting consistent performance expectations. Despite a decrease in overall quarterly sales and operational EBITDA compared to the previous year, which was attributed mainly to market-driven headwinds and unfavorable exchange rates, the operational discipline helped sustain profitability margins.

CEO Michael Suess commented on the results, appreciating the team's execution ability in the face of subdued industrial activity, particularly mentioning the market scenarios in Germany and China. The company's focus remains on innovative approaches, proactive cost management, and maintaining rigorous pricing strategies to navigate through ongoing market volatilities.