For the second quarter, Oerlikon’s order intake increased year-on-year by 26.8 per cent while sales went up by 36.6 per cent. Ebitda for the second quarter corresponded to a margin of 17.1 per cent. Ebit was 10.8 per cent of sales. The second quarter performance resulted in an improved rolling 12-month return on capital employed of 10.7 per cent. In the first half of 2018, the group’s order intake increased year-on-year by 35.4 per cent while sales came in 38.5 per cent higher than the prior year.

With top-line increase, ebitda for the half year corresponded to a margin of 16.4 per cent. Ebit was 10.1 per cent of sales. Net income for the first half of the year increased significantly by 136.2 per cent year-on-year. In the first six months of 2018, Oerlikon’s service business contributed to 39 per cent of total group sales. Based on the strong set of results in the first half of 2018, Oerlikon is confident it will be able to sustain growth and is thus raising its outlook for the year.

For the full year 2018 continued operations, group ebitda margin is expected to exceed 15.5 per cent after accounting for increased operating expenses from higher investments.