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OC Oerlikon / Key word(s): Quarter Results
Q1 with Improved Sequential Order Intake in Polymer Processing Solutions and Strong Profitability in Both Divisions
07-May-2024 / 06:30 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 LR
The issuer is solely responsible for the content of this announcement.
- Polymer Processing Solutions improved sequential order intake by 38% vs Q4 2023. Surface Solutions delivered stable organic sales in ongoing challenging end markets.
- Strong execution resulting in robust Group operational EBITDA margin of 15.7%. Surface Solutions saw an improvement of +122 basis points year-over-year. Polymer Processing Solutions achieved double-digit EBITDA margin despite cyclically low Q1 sales volume.
- 2024 guidance confirmed.
<p><span><span>Group <person>Key Figures</person> as of <chron>March 31, 2024</chron> (CHF million)<sup><span style="vertical-align: super;">1</span></sup></span></span></p>
<table cellspacing="0" cellpadding="0" border="0"><tbody><tr><td style="vertical-align: middle;">
<p><span><span><span style="vertical-align: super;"> </span></span></span></p>
</td>
<td style="vertical-align: middle;">
<h3><span><span>Q1 2024</span></span></h3>
</td>
<td style="vertical-align: middle;">
<h3><span><span>Q1 2023</span></span></h3>
</td>
<td style="vertical-align: middle;">
<h3><span><span>Year-Over-Year</span></span></h3>
</td>
</tr><tr><td style="vertical-align: middle;">
<p><span><span><span style="font-weight: bold;">Order intake</span></span></span></p>
</td>
<td style="vertical-align: middle;">
<p><span><span><span style="font-weight: bold;">642</span></span></span></p>
</td>
<td style="vertical-align: middle;">
<p><span><span><span style="font-weight: bold;">681</span></span></span></p>
</td>
<td style="vertical-align: middle;">
<p><span><span><span style="font-weight: bold;">-5.6%</span><sup><span style="font-weight: bold; vertical-align: super;">2 </span></sup></span></span></p>
</td>
</tr><tr><td style="vertical-align: middle;">
<p><span><span><span style="font-weight: bold;">Sales</span></span></span></p>
</td>
<td style="vertical-align: middle;">
<p><span><span><span style="font-weight: bold;">550</span></span></span></p>
</td>
<td style="vertical-align: middle;">
<p><span><span><span style="font-weight: bold;">735</span></span></span></p>
</td>
<td style="vertical-align: middle;">
<p><span><span><span style="font-weight: bold;">-25.1%</span><sup><span style="font-weight: bold; vertical-align: super;">3</span></sup></span></span></p>
</td>
</tr><tr><td style="vertical-align: middle;">
<p><span><span>Operational EBITDA</span></span></p>
</td>
<td style="vertical-align: middle;">
<p><span><span><span>86</span></span></span></p>
</td>
<td style="vertical-align: middle;">
<p><span><span><span>121</span></span></span></p>
</td>
<td style="vertical-align: middle;">
<p><span><span><span>-28.8%</span></span></span></p>
</td>
</tr><tr><td style="vertical-align: middle;">
<p><span><span><span style="font-weight: bold;">Operational EBITDA margin </span></span></span></p>
</td>
<td style="vertical-align: middle;">
<p><span><span><span style="font-weight: bold;">15.7%</span></span></span></p>
</td>
<td style="vertical-align: middle;">
<p><span><span><span style="font-weight: bold;">16.5%</span></span></span></p>
</td>
<td style="vertical-align: middle;">
<p><span><span><span style="font-weight: bold;">-81 bps</span></span></span></p>
</td>
</tr><tr><td style="vertical-align: middle;">
<p><span><span>EBITDA</span></span></p>
</td>
<td style="vertical-align: middle;">
<p><span><span><span>85</span></span></span></p>
</td>
<td style="vertical-align: middle;">
<p><span><span><span>114</span></span></span></p>
</td>
<td style="vertical-align: middle;">
<p><span><span><span>-25.7%</span></span></span></p>
</td>
</tr><tr><td style="vertical-align: middle;">
<p><span><span>EBITDA margin</span></span></p>
</td>
<td style="vertical-align: middle;">
<p><span><span><span>15.4%</span></span></span></p>
</td>
<td style="vertical-align: middle;">
<p><span><span><span>15.5%</span></span></span></p>
</td>
<td style="vertical-align: middle;">
<p><span><span><span>-12 bps</span></span></span></p>
</td>
</tr></tbody></table><p><span><span><sup><span style="vertical-align: super;">1</span></sup><span style="vertical-align: super;"> </span><span>Due to rounding, some totals may not correspond with the sum of the separate figures. Operational EBITDA from prior year is restated for discontinued activities. For the reconciliation of operational and reported EBITDA figures, please see the earnings presentation. </span><sup><span style="vertical-align: super;">2</span></sup><span style="vertical-align: super;"> </span><span>Impact from M&A: +4.8%, foreign exchange (FX): -6.7%, organic: -3.8%; </span><sup><span style="vertical-align: super;">3</span></sup><span style="vertical-align: super;"> </span><span>Impact from M&A: +3.6%, FX: -5.2%, organic: -23.6%. </span></span></span></p>
<p><span><span><span> </span></span></span></p>
<p><span><span><span style="font-weight: bold;"> </span></span></span></p>
<p><span><span><span style="font-weight: bold;"><person>Michael Suess</person>, Executive Chairman, <org value="Berne:OBH" idsrc="xmltag.org" >Oerlikon</org>, stated:</span></span></span></p>
<p><span><span>“We executed well and delivered robust results against soft industrial activity, particularly in <location value="LC/de" idsrc="xmltag.org" >Germany</location> and <location value="LC/cn" idsrc="xmltag.org" >China</location>. Our strong focus on innovation, proactive cost management and rigorous pricing resulted in significantly improved margins in Surface Solutions and double-digit EBITDA margin in Polymer Processing Solutions. Our plans to separate Polymer Processing Solutions are on track.”</span></span><br/>
</p>
<p><span><span><span style="font-weight: bold;">Surface Solutions Division</span></span></span></p>
<p><span><span>Surface Solutions achieved stable organic orders and sales, at constant exchange rates, supported by automotive and aerospace. The division saw cautious customer purchasing as reflected in the soft Purchase Management Index (PMI). While the Euro Area manufacturing PMI remained in contraction, the PMIs for <location value="LC/cn" idsrc="xmltag.org" >China</location> and the US were at neutral levels.</span></span></p>
<p><span><span> </span></span></p>
<p><span><span>Operational EBITDA margin improved 122 basis points to 17.6%, supported by innovation, efficiency and pricing.</span></span></p>
<p><span><span> </span></span></p>
<p><span><span>Key figures as of <chron>March 31, 2024</chron> (CHF million)<sup><span style="vertical-align: super;">1</span></sup></span></span></p>
<table cellspacing="0" cellpadding="0" border="0"><tbody><tr><td style="vertical-align: middle;">
<p><span><span><span style="vertical-align: super;"> </span></span></span></p>
</td>
<td style="vertical-align: middle;">
<h3><span><span>Q1 2024</span></span></h3>
</td>
<td style="vertical-align: middle;">
<h3><span><span>Q1 2023</span></span></h3>
</td>
<td style="vertical-align: middle;">
<h3><span><span>Year-Over-Year</span></span></h3>
</td>
</tr><tr><td style="vertical-align: middle;">
<p><span><span><span style="font-weight: bold;">Order intake</span></span></span></p>
</td>
<td style="vertical-align: middle;">
<p><span><span><span style="font-weight: bold;">391</span></span></span></p>
</td>
<td style="vertical-align: middle;">
<p><span><span><span style="font-weight: bold;">382</span></span></span></p>
</td>
<td style="vertical-align: middle;">
<p><span><span><span style="font-weight: bold;">2.3%</span><sup><span style="font-weight: bold; vertical-align: super;">2</span></sup></span></span></p>
</td>
</tr><tr><td style="vertical-align: middle;">
<p><span><span><span style="font-weight: bold;">Sales (to third parties)</span></span></span></p>
</td>
<td style="vertical-align: middle;">
<p><span><span><span style="font-weight: bold;">371</span></span></span></p>
</td>
<td style="vertical-align: middle;">
<p><span><span><span style="font-weight: bold;">369</span></span></span></p>
</td>
<td style="vertical-align: middle;">
<p><span><span><span style="font-weight: bold;">0.6%</span><sup><span style="font-weight: bold; vertical-align: super;">3</span></sup></span></span></p>
</td>
</tr><tr><td style="vertical-align: middle;">
<p><span><span>Operational EBITDA</span></span></p>
</td>
<td style="vertical-align: middle;">
<p><span><span><span>65</span></span></span></p>
</td>
<td style="vertical-align: middle;">
<p><span><span><span>61</span></span></span></p>
</td>
<td style="vertical-align: middle;">
<p><span><span><span>7.8%</span></span></span></p>
</td>
</tr><tr><td style="vertical-align: middle;">
<p><span><span><span style="font-weight: bold;">Operational EBITDA margin</span></span></span></p>
</td>
<td style="vertical-align: middle;">
<p><span><span><span style="font-weight: bold;">17.6%</span></span></span></p>
</td>
<td style="vertical-align: middle;">
<p><span><span><span style="font-weight: bold;">16.3%</span></span></span></p>
</td>
<td style="vertical-align: middle;">
<p><span><span><span style="font-weight: bold;">122 bps</span></span></span></p>
</td>
</tr><tr><td style="vertical-align: middle;">
<p><span><span>EBITDA</span></span></p>
</td>
<td style="vertical-align: middle;">
<p><span><span><span>64</span></span></span></p>
</td>
<td style="vertical-align: middle;">
<p><span><span><span>58</span></span></span></p>
</td>
<td style="vertical-align: middle;">
<p><span><span><span>10.3%</span></span></span></p>
</td>
</tr><tr><td style="vertical-align: middle;">
<p><span><span>EBITDA margin</span></span></p>
</td>
<td style="vertical-align: middle;">
<p><span><span><span>17.1%</span></span></span></p>
</td>
<td style="vertical-align: middle;">
<p><span><span><span>15.6%</span></span></span></p>
</td>
<td style="vertical-align: middle;">
<p><span><span><span>155 bps</span></span></span></p>
</td>
</tr></tbody></table><p><span><span><span style="vertical-align: super;"><sup>1</sup></span>D<span>ue to rounding, some totals may not correspond with the sum of the separate figures. </span>Operational EBITDA from prior year is restated for discontinued activities. <sup><span style="vertical-align: super;">2</span></sup><span style="vertical-align: super;"> </span>Impact from M&A: +8.6%, FX: -6.9%, organic: +0.6%; <sup><span style="vertical-align: super;">3</span></sup><span style="vertical-align: super;"> </span>Impact from M&A: +7.2%, FX: -6.6%, organic: 0.0%.</span></span></p>
<p> </p>
<p><span><span> </span></span></p>
<p><span><span><span style="font-weight: bold;">Polymer Processing Solutions Division</span></span></span></p>
<p><span><span>Polymer Processing Solutions’ filament end market continued to be impacted by customers postponing investments. Organic order intake at constant exchange rates decreased by 9% year-over-year. Sequentially, the division improved order intake (Q3 2023: <money>CHF 199 million</money>; Q4 2023: <money>CHF 182 million</money>; Q1 2024: <money>CHF 251 million</money>). Q1 2024 sales of <money>CHF 179 million</money> reflect the transitorily lower order intake of the previous quarters. Furthermore, sales were impacted by delayed shipments due to tensions in the <location>Red Sea</location>, shifting sales into the remainder of 2024.</span></span></p>
<p><span><span> </span></span></p>
<p><span><span>The division achieved a robust operational EBITDA margin of 10.5%, despite lower sales volume, FX and limited pass-through of higher input costs to maintain volume. The double-digit margin was supported by the previously announced proactive costs actions. </span></span></p>
<p><span><span> </span></span></p>
<p><span><span>Key figures as of <chron>March 31, 2024</chron> (CHF million)<sup><span style="vertical-align: super;">1</span></sup></span></span></p>
<table cellspacing="0" cellpadding="0" border="0"><tbody><tr><td style="vertical-align: middle;">
<p><span><span><span style="vertical-align: super;"> </span></span></span></p>
</td>
<td style="vertical-align: middle;">
<h3><span><span>Q1 2024</span></span></h3>
</td>
<td style="vertical-align: middle;">
<h3><span><span>Q1 2023</span></span></h3>
</td>
<td style="vertical-align: top;">
<h3><span><span>Year-Over-Year</span></span></h3>
</td>
</tr><tr><td style="vertical-align: middle;">
<p><span><span><span style="font-weight: bold;">Order intake</span></span></span></p>
</td>
<td style="vertical-align: middle;">
<p><span><span><span style="font-weight: bold;">251</span></span></span></p>
</td>
<td style="vertical-align: middle;">
<p><span><span><span style="font-weight: bold;">298</span></span></span></p>
</td>
<td style="vertical-align: top;">
<p><span><span><span style="font-weight: bold;">-15.8%</span><sup><span style="font-weight: bold; vertical-align: super;">2</span></sup></span></span></p>
</td>
</tr><tr><td style="vertical-align: middle;">
<p><span><span><span style="font-weight: bold;">Sales (to third parties)</span></span></span></p>
</td>
<td style="vertical-align: middle;">
<p><span><span><span style="font-weight: bold;">179</span></span></span></p>
</td>
<td style="vertical-align: middle;">
<p><span><span><span style="font-weight: bold;">366</span></span></span></p>
</td>
<td style="vertical-align: top;">
<p><span><span><span style="font-weight: bold;">-51.0%</span><sup><span style="font-weight: bold; vertical-align: super;">3</span></sup></span></span></p>
</td>
</tr><tr><td style="vertical-align: middle;">
<p><span><span>Operational EBITDA</span></span></p>
</td>
<td style="vertical-align: middle;">
<p><span><span><span>19</span></span></span></p>
</td>
<td style="vertical-align: middle;">
<p><span><span><span>58</span></span></span></p>
</td>
<td style="vertical-align: top;">
<p><span><span><span>-67.8%</span></span></span></p>
</td>
</tr><tr><td style="vertical-align: middle;">
<p><span><span><span style="font-weight: bold;">Operational EBITDA margin</span></span></span></p>
</td>
<td style="vertical-align: middle;">
<p><span><span><span style="font-weight: bold;">10.5%</span></span></span></p>
</td>
<td style="vertical-align: middle;">
<p><span><span><span style="font-weight: bold;">16.0%</span></span></span></p>
</td>
<td style="vertical-align: top;">
<p><span><span><span style="font-weight: bold;">-546 bps</span></span></span></p>
</td>
</tr><tr><td style="vertical-align: middle;">
<p><span><span>EBITDA</span></span></p>
</td>
<td style="vertical-align: middle;">
<p><span><span><span>19</span></span></span></p>
</td>
<td style="vertical-align: middle;">
<p><span><span><span>55</span></span></span></p>
</td>
<td style="vertical-align: top;">
<p><span><span><span>-65.8%</span></span></span></p>
</td>
</tr><tr><td style="vertical-align: middle;">
<p><span><span>EBITDA margin</span></span></p>
</td>
<td style="vertical-align: middle;">
<p><span><span><span>10.5%</span></span></span></p>
</td>
<td style="vertical-align: middle;">
<p><span><span><span>15.1%</span></span></span></p>
</td>
<td style="vertical-align: top;">
<p><span><span><span>-453 bps</span></span></span></p>
</td>
</tr></tbody></table><p><span><span><span style="vertical-align: super;"><sup>1</sup></span>D<span>ue to rounding, some totals may not correspond with the sum of the separate figures. </span>Operational EBITDA from prior year is restated for discontinued activities. <sup><span style="vertical-align: super;">2</span></sup><span style="vertical-align: super;"> </span>Impact from M&A: 0.0%, FX: -6.4%, organic: -9.3%; <sup><span style="vertical-align: super;">3</span></sup><span style="vertical-align: super;"> </span>Impact from M&A: 0.0%, FX: -3.7%, organic: -47.4%.</span></span></p>
<p> </p>
<p> </p>
<h3><span><span>Additional Information</span></span></h3>
<p><span><span>To participate in the results’ conference call today at <chron>10:30 CEST</chron>, please click on this <a href="https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=dcf29e0e471f48542cd1518825737efc&application_id=1896935&site_id=acquiremedia3&application_name=news" style="text-decoration: underline;"><span style="font-weight: bold; text-decoration: underline;">link</span></a><span> </span>to join the webcast. To ask questions in the Q&A session, please dial in</span></span></p>
<p><span><span> </span></span></p>
<table cellspacing="0" cellpadding="0" border="0"><tbody><tr><td style="vertical-align: top;">
<p><span><span><span style="font-weight: bold;">Country</span></span></span><span><span> </span></span></p>
</td>
<td style="vertical-align: top;">
<p><span><span><span style="font-weight: bold;">Local toll call numbers</span></span></span></p>
</td>
</tr><tr><td style="vertical-align: top;">
<p><span><span><location value="LC/ch" idsrc="xmltag.org" >Switzerland</location></span></span></p>
</td>
<td style="vertical-align: top;">
<p><span><span>+41 58 310 50 00</span></span></p>
</td>
</tr><tr><td style="vertical-align: top;">
<p><span><span><location value="LC/gb" idsrc="xmltag.org" >UK</location></span></span></p>
</td>
<td style="vertical-align: top;">
<p><span><span>+44 207 107 06 13</span></span></p>
</td>
</tr><tr><td style="vertical-align: top;">
<p><span><span><location value="LC/us" idsrc="xmltag.org" >USA</location></span></span></p>
</td>
<td style="vertical-align: top;">
<p><span><span>+1 631 570 56 13</span></span></p>
</td>
</tr></tbody></table><p> </p>
<p><span><span>The media release can be found at <a href="https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=49c99c69bd5a07347571d72025194c46&application_id=1896935&site_id=acquiremedia3&application_name=news" style="text-decoration: underline;"><span style="text-decoration: underline;">www.oerlikon.com/pressreleases</span></a> and <a href="https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=625b535220291ff3d2906d536d4f018e&application_id=1896935&site_id=acquiremedia3&application_name=news" style="text-decoration: underline;"><span style="text-decoration: underline;">www.oerlikon.com/ir</span></a>.</span></span></p>
<p><span><span> <br/><br/><span><span style="font-weight: bold;">About <org value="Berne:OBH" idsrc="xmltag.org" >Oerlikon</org> </span></span></span></span></p>
<p><span><span><org value="Berne:OBH" idsrc="xmltag.org" >Oerlikon</org> (SIX: OERL) is a global innovation powerhouse for surface engineering, polymer processing and additive manufacturing. The Group’s solutions and comprehensive services, together with its advanced materials, empower customers by improving and maximizing the performance, function, design and sustainability of customers’ products and manufacturing processes in key industries. Pioneering technology for decades, everything <org value="Berne:OBH" idsrc="xmltag.org" >Oerlikon</org> invents and does is guided by its passion to support customers’ goals and foster a sustainable world. Headquartered in Pfaeffikon, <location value="LC/ch" idsrc="xmltag.org" >Switzerland</location>, the Group operates its business in two Divisions – Surface Solutions and Polymer Processing Solutions. It has a global footprint of more than 12 600 employees at 207 locations in 38 countries and generated sales of <money>CHF 2.7 billion</money> in 2023.</span></span></p>
<p><br/>
</p>
<p><span><span><span style="font-weight: bold;">For further information, please contact:</span></span></span></p>
<table cellspacing="0" cellpadding="0" border="0"><tbody><tr><td style="vertical-align: top;">
<p><span><span><person>Thomas Schmidt</person></span></span></p>
<p><span><span>Head of Group Communications</span></span></p>
<p><span><span>Tel: +41 58 360 96 60</span></span></p>
<p><span><span><a href="mailto:Thomas.schmidt@oerlikon.com">Thomas.schmidt@oerlikon.com</a></span></span></p>
<p><span><span><a href="http://www.oerlikon.com">www.oerlikon.com</a></span></span></p>
</td>
<td style="vertical-align: top;">
<p><span><span> </span></span></p>
</td>
<td style="vertical-align: top;">
<p><span><span><person>Stephan Gick</person></span></span></p>
<p><span><span>Head of Investor Relations</span></span></p>
<p><span><span>Tel: +41 58 360 98 50</span></span></p>
<p><span><span><a href="mailto:stephan.gick@oerlikon.com">stephan.gick@oerlikon.com</a></span></span></p>
<p><span><span><a href="http://www.oerlikon.com">www.oerlikon.com</a></span></span></p>
</td>
</tr></tbody></table><p> </p>
</div>
</div><div markup="disclaimer"><h3><span><span>Disclaimer</span></span></h3>
<p><span><span><org value="Berne:OBH" idsrc="xmltag.org" >OC Oerlikon Corporation AG</org>, Pfäffikon together with its affiliates, hereinafter referred to as “Oerlikon”, has made great efforts to include accurate and up-to-date information in this document. However, <org value="Berne:OBH" idsrc="xmltag.org" >Oerlikon</org> makes no representation or warranties, expressed or implied, as to the truth, accuracy or completeness of the information provided in this document. Neither <org value="Berne:OBH" idsrc="xmltag.org" >Oerlikon</org> nor any of its directors, officers, employees or advisors, nor any other person connected or otherwise associated with <org value="Berne:OBH" idsrc="xmltag.org" >Oerlikon</org>, shall have any liability whatsoever for loss howsoever arising, directly or indirectly, from any use of this document.</span></span></p>
<p><span><span> </span></span></p>
<p><span><span>The contents of this document, including all statements made therein, are based on estimates, assumptions and other information currently available to the management of <org value="Berne:OBH" idsrc="xmltag.org" >Oerlikon</org>. This document contains certain statements related to the future business and financial performance or future events involving <org value="Berne:OBH" idsrc="xmltag.org" >Oerlikon</org> that may constitute forward-looking statements. The forward-looking statements contained herein could be substantially impacted by risks, influences and other factors, many of which are not foreseeable at present and/or are beyond Oerlikon’s control, so that the actual results, including Oerlikon’s financial results and operational results, may vary materially from and differ from those, expressly or implicitly, provided in the forward-looking statements, be they anticipated, expected or projected. <org value="Berne:OBH" idsrc="xmltag.org" >Oerlikon</org> does not give any assurance, representation or warranty, expressed or implied, that such forward-looking statements will be realized. <org value="Berne:OBH" idsrc="xmltag.org" >Oerlikon</org> is under no obligation to, and explicitly disclaims any obligation to, update or otherwise review its forward-looking statements, whether as a result of new information, future events or otherwise.</span></span></p>
<p><span><span> </span></span></p>
<p><span><span>This document, including any and all information contained therein, is not intended as, and may not be construed as, an offer or solicitation by <org value="Berne:OBH" idsrc="xmltag.org" >Oerlikon</org> for the purchase or disposal of, trading or any transaction in any <org value="Berne:OBH" idsrc="xmltag.org" >Oerlikon</org> securities. Investors must not rely on this information for investment decisions and are solely responsible for forming their own investment decisions.</span></span><span><span><span style="font-weight: bold;"> </span></span></span></p>
</div><br/>News Source: <org>OC Oerlikon Management AG</org><br/></div>
<br/><hr/>End of Inside Information<hr/></td>
</tr></table><table cellpadding="0" cellspacing="0"><tr><td align="left" valign="top" nowrap="nowrap">Language:</td>
<td align="left" valign="top">English</td>
</tr><tr><td align="left" valign="top" nowrap="nowrap">Company:</td>
<td align="left" valign="top"><org value="Berne:OBH" idsrc="xmltag.org" >OC Oerlikon</org></td>
</tr><tr><td align="left" valign="top"/>
<td align="left" valign="top">Churerstrasse 120</td>
</tr><tr><td align="left" valign="top"/>
<td align="left" valign="top">CH - 8808 Pfäffikon SZ</td>
</tr><tr><td align="left" valign="top"/>
<td align="left" valign="top"><location value="LC/ch" idsrc="xmltag.org" >Switzerland</location></td>
</tr><tr><td align="left" valign="top" nowrap="nowrap">Phone:</td>
<td align="left" valign="top">+41 58 360 96 96</td>
</tr><tr><td align="left" valign="top" nowrap="nowrap">Fax:</td>
<td align="left" valign="top">+41 58 360 91 96</td>
</tr><tr><td align="left" valign="top" nowrap="nowrap">E-mail:</td>
<td align="left" valign="top"><a href="mailto:info@oerlikon.com">info@oerlikon.com</a></td>
</tr><tr><td align="left" valign="top" nowrap="nowrap">Internet:</td>
<td align="left" valign="top"><a href="http://www.oerlikon.com">www.oerlikon.com</a></td>
</tr><tr><td align="left" valign="top" nowrap="nowrap">ISIN:</td>
<td align="left" valign="top">CH0000816824</td>
</tr><tr><td align="left" valign="top" nowrap="nowrap">Valor:</td>
<td align="left" valign="top">863037</td>
</tr><tr><td align="left" valign="top">Listed:</td>
<td align="left" valign="top">Regulated Unofficial Market in <location value="LU/de..berlin" idsrc="xmltag.org" >Berlin</location>, <location value="LU/de..dusldf" idsrc="xmltag.org" >Dusseldorf</location>, <location value="LU/de..frankf" idsrc="xmltag.org" >Frankfurt</location>, <location value="LU/de..munich" idsrc="xmltag.org" >Munich</location>, <location value="LU/de..sttgrt" idsrc="xmltag.org" >Stuttgart</location>, <org value="ACORN:5020096976" idsrc="xmltag.org" >Tradegate Exchange</org>; <org value="ACORN:3805588589" idsrc="xmltag.org" >SIX Swiss Exchange</org></td>
</tr><tr><td align="left" valign="top" nowrap="nowrap">EQS News ID:</td>
<td align="left" valign="top">1896935</td>
</tr></table><br/><table border="0" cellpadding="0" cellspacing="0"><tr><td align="left" valign="top" colspan="2"/>
</tr></table><table border="0" cellpadding="0" cellspacing="0"><tr><td align="left" valign="top" colspan="2"> </td>
</tr><tr><td align="left" valign="top">End of Announcement</td>
<td align="left" valign="top"><org>EQS News Service</org></td>
</tr></table><table border="0" width="600" cellpadding="0" cellspacing="0"><tr><td>
<hr/></td>
</tr></table><p>
1896935 07-May-<chron>2024 CET</chron>/CEST
</p>
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