Oerlikon Grup, textile machine manufacturer with its global structure, has explained its 2011 activity report and 2012 plans. The Group that presents cutting-edge technologies for machine in every period, will change its operational structure in 2012 and will make new moves to increase its the rate of profitability.
Oerlikon Textile that provides innovation in all textile market area has achieved 183 million Franc earnings before interest and taxes (EBITDA) with the margin of 9%. The company that broke a record by receiving order in 2010, has not closed 2011 by making a loss but by going back on its sales after 2010 with extra-results. Order receiving which was 2.509 billion Franc in 2010 became 1.977 billion Frank in 2011. It is indicated that the reason of this recession is declining orders for natural fibers for the second half of the year and rising cotton prices.
The company which takes radical decisions to erase the effects of this recession has combined Oerlikon Barmag and Neugma for man-made fiber production. Furthermore, the Group that has combined Schlafhorst and Sauer for natural fiber production has saved its structure of textile component. The company, whose growing areas are mainly China and India, provides products in all the segment of the textile chain such as ring spinning open width yarn, winding and embroidery, nonwoven fibers. The company that could not show any improvements in Middle East in 2011, has continued to growing, Turkey, South America and USA however it was not on desired level.
Oerlikon Group has Achieved Success on its General Sales
The company has closed 2011 with 16 percent in general terms. The company that has increased its profitability ratio has made 4.2 billion Frank sales. The most important factor of this situation is comprehensive period of change in textile and developments in coating and vacuum segments. It is shown that 30 percent increase in company’s sale in particular 23 percent increase in textile sector became propellant power when exchange rate effect is removed.
According to 2010, Oerlikon that experienced a drop in sale in terms of receiving order made an order receiving around 4 billion in 2011. In 2010, the Group that broke records in receiving order like in all area after crisis, has closed 2011 without records. The company’s order receiving has dropped 13 percent.
The another outstanding subject in the activity report is Oerlikon’s policy in its activity areas. The Group has increased its investment on developing countries but there is no any change in its investment in developed countries. Oerlikon, whose largest market becomes China, makes textile machinery sale in worldwide. While the Group’s sales in textile segment made to China, its sales in Asia has increased 49 percent thanks to this country. While the company’s sale has a little change in North America and Europe, the sales became 15 percent in USA, 28 percent Europe and 8 percent in other areas.
Production and Service Centers have Increased to 9 in China
Oerlikon that has continued to open new production and service centers during 2011, has opened 2 coating centers firstly in India and then in China. The company managers, who have announced that they will continue its investment in Shanghai, have indicated also they want to 30 percent capacity increase. Moreover, Oerlikon has announced that its driver systems plant will be operated in Suzhou. In the report about to do in 2012, it has been explained that 213 million Franc, was spent for R&D in 2011, will be exceeded.
Michael Buscher , CEO (Chief Executive Officer) of the Group (Chief Executive Officer), who has made explanations about the subject has said also “These results demonstrate the success of our operational and strategic transformation.” Buscher who has said they focused on the key market to improve performance, has marked also they will increase profitability ratio in 2012.
Jürg Fedier, CFO’su (Chief Financial Officer) of the Group has made comment about these developments. Fedier who has said the company has an important position after a year with economic ambiguities, has said also the company will reinforce its position in the market in 2012. Feider who has marked that they plan to a strong cash flow, has said also they will recommend a dividend of CHF 0.20 per share distributed from the reserve from capital contribution at the Shareholder Meeting in April.
