#Spinning

2022-08-04

Strong quarter of sales growth and margin improvement at Oerlikon Polymer Processing Solutions

“Our strong growth confirms the strategy of focusing on innovative and sustainable solutions,” said Michael Süss, Executive Chairman, Oerlikon Group.

Strong Q2 Performance Confirming Growth Strategy

Group orders +19%, sales +17%, operational EBITDA +15% vs. prior year.

Polymer Processing Solutions orders significantly increased by 40%, sales by 24% and operational EBITDA by 33% year-over-year, driven by strong execution.

Surface Solutions sales increased by 10% vs. prior year. Operational EBITDA improved by 4%.

2022 Group guidance confirmed.

Key figures for the Oerlikon Group as of June 30, 2022 (in CHF million)

1) For the reconciliation of operational and unadjusted figures, please see table I and II on page 2 of this release.

“In Surface Solutions, we experienced improved demand, even as many of our end markets still face supply chain challenges. While macroeconomic uncertainties increase, we have not seen any unanticipated impacts to date. We are closely monitoring the situation and focusing on further improving our cost competitiveness,” added Süss. “Polymer Processing Solutions continued to execute and delivered another strong quarter of sales growth and margin improvement, driven by filament and non-filament.”

Strong Second Quarter

Group orders increased by 19.5% to CHF 773 million, driven by strong demand in both the filament and non-filament business in Polymer Processing Solutions. Group sales increased globally by 16.9% to CHF 734 million, attributed to growth in both Surface Solutions and Polymer Processing Solutions. At constant exchange rates, Group sales increased by 19.7%.

The operational EBITDA for the second quarter improved by 15% year-over-year to CHF 128 million, corresponding to a margin of 17.4%. Operational EBIT for Q2 2022 was CHF 72 million, or 9.8% of sales (Q2 2021: CHF 58 million, 9.2%). Q2 2022 EBITDA was CHF 125 million or 17.0% of sales (Q2 2021: CHF 112 million, 17.8%), and EBIT was CHF 68 million, or 9.3% of sales (Q2 2021: CHF 56 million, 9.0%).

Oerlikon Group 2022 Half-Year Overview

In the first half of 2022, the Group’s order intake increased by 21.2% year-on-year to CHF 1 563 million, and sales were up 19.7% to CHF 1 432 million. Operational EBITDA for the half year amounted to CHF 247 million, corresponding to a margin of 17.2%. Operational EBIT was CHF 135 million, or 9.4% of sales. EBITDA was CHF 237 million, or 16.6% of sales (HY 2021: CHF 200 million, 16.7%), and EBIT was CHF 125 million, or 8.7% of sales (HY 2021: CHF 95 million, 7.9%). The reconciliation of the operational and unadjusted figures can be found in the tables below.

1) All amounts (including totals and subtotals) have been rounded according to normal commercial practice. Thus, an addition of the figures presented can result in rounding differences.

The net result for the first half of the year increased by 23% to CHF 88 million, driven by EBITDA growth. As of June 30, 2022, Oerlikon had CHF 513 million of net debt, representing a net debt to operational EBITDA ratio of 1.0. Cash flow from operating activities for the first half of the year was CHF 22 million, compared to CHF 36 million in 2021, mainly due to the increase in inventories.

Division Overview

Surface Solutions Division

Key figures for the Surface Solutions Division as of June 30, 2022 (in CHF million)

1) Based on unrounded figures and total sales, including intercompany sales.

The Surface Solutions Division saw a 10% increase in sales, driven by general industries, energy and aviation. Automotive continued to be impacted by supply chain shortages, particularly in China and South Korea. Shortages are expected to moderate in the second half of the year. The division’s order intake slightly increased in the second quarter by 1% to CHF 348 million, while orders for the half year increased by 8% to CHF 724 million.

Q2 operational EBITDA improved by 3.6%, corresponding to a margin of 17.7%. The margin was impacted by transitory shortages in high-margin businesses, temporarily offsetting positive operating leverage and cost efficiency. Operational EBIT was CHF 24 million, or 6.8% of sales. EBITDA was CHF 61 million or 17.3% of sales (Q2 2021: CHF 62 million, 19.2%). EBIT was CHF 22 million, or 6.2% of sales (Q2 2021: CHF 20 million, or 6.1%).

Polymer Processing Solutions Division

Key figures for the Polymer Processing Solutions Division as of June 30, 2022 (in CHF million)

1) Based on unrounded figures and total sales, including intercompany sales.

The Polymer Processing Solutions Division continued to grow profitably in the second quarter. Q2 2022 order intake increased by 40% to CHF 425 million. Sales increased by 24% to CHF 383 million year-over-year, driven by structural demand for filament equipment, flow control systems, plant engineering solutions and a recovery in demand in the U.S. carpet yarn market.

Operational EBITDA improved by 34% to CHF 65 million, or 17.1% of sales, driven by positive operating leverage, cost control and the INglass acquisition. Operational EBIT was CHF 51 million, or 13.3% of sales (Q2 2021: CHF 38 million, 12.2%). Second-quarter EBITDA was CHF 65 million, or 17.0% of sales (Q2 2021: CHF 49 million, 15.8%), and EBIT was CHF 50 million or 13.1% of sales (Q2 2021: CHF 38 million, 12.2%).

Barmag showcases pump solutions for demanding PU applications at PU China 2026

At PU China, taking place November 3–5, 2026, at the Shanghai World Expo Exhibition Center in Shanghai, Barmag’s Pumps Division will present high-performance metering solutions for the processing of polyurethane systems (Hall 1, Booth 135). The focus is on high-precision gear metering pumps that enable the exact delivery of PUR components as well as other high-viscosity and reactive media. With their high metering accuracy, they help reduce material consumption, stabilize processes, and ensure consistently high product quality.

Barmag presents metering pump solutions at ASE China

From September 15 to 17, 2026, Barmag’s Pumps Division will present its solutions for the precise delivery and metering of adhesives, sealants, and other high-viscosity media at ASE China at the Shanghai New International Expo Centre. The focus of the exhibition will be on high-precision gear metering pumps that help plant managers sustainably optimize material usage, process stability, and product quality. (Booth E4235).

FET highlights advances in fibre spinning technology at Dornbirn Global Fiber Congress

Fibre Extrusion Technology Limited (FET) presented its latest developments in fibre spinning technology at the Dornbirn Global Fiber Congress in Austria in September 2026. In a presentation entitled “Spinning a good yarn”, Dr Jonny Hunter examined recent technological developments and challenges facing the fibre industry, highlighting the company's expanding range of specialised fibre extrusion and spinning systems.

Barmag to showcase next-generation spinning technologies and smart factory solutions at India ITME 2026

The textile industry is entering a groundbreaking era. Manufacturers face rising energy prices, growing sustainability demands, increasing labor shortages, and an unprecedented need for flexibility. For a globally active textile industry, where competitiveness is closely linked to production efficiency and cost leadership, this means that technology is no longer merely a means of improving operational processes – it is increasingly becoming a strategic differentiator. Against this backdrop, Barmag will present a innovation portfolio at India ITME that goes far beyond incremental machine upgrades.

Closer to customers: Trützschler Card Clothing expands service network in Peru, Colombia and Ecuador

Faster support, shorter lead times and local technical expertise: customers in Peru, Colombia, and Ecuador now have direct access to Trützschler Card Clothing's (TCC) comprehensive card clothing services. To further enhance customer support and ensure rapid on-site assistance, TCC has expanded its regional service network across all three countries.

Mayer & Cie. Global gears up tor ITMA Asia 2026

Mayer & Cie. Global will focus on mattress fabric production at ITMA Asia, taking place in Shanghai from 20 to 24 November 2026. The company will showcase one of its flagship models for this application: the OVJA 2.4 EM. Joining the mattress fabric specialist will be an OV 3.2 QCe, presented at ITMA Asia in a configuration for knitting double-face fabrics in E40. This gives the OV 3.2 QCe a combination of capabilities rarely found in the market. The German textile machinery manufacturer will also introduce its new portfolio strategy and share updates from its development team at its Albstadt headquarters.

Vietnam’s market evolution creates new sourcing opportunities at VIATT 2027

As Vietnam’s textile industry continues to upgrade and scale, new opportunities are emerging for suppliers of advanced raw materials, design-led fabrics, production technologies, and sustainability solutions. The Vietnam International Trade Fair for Apparel, Textiles and Textile Technologies (VIATT) will return 24 – 26 February 2027, presenting a cross-sector platform – spanning apparel, home and technical categories – for overseas companies to connect with manufacturers, brands, sourcing offices, retailers, and industry buyers from Vietnam, ASEAN, and beyond.

Textile performance for the global market: Heimtextil 2027 connects interior design, quality and global sourcing

With the new premium segment Carpets & Rugs Excellence, the Comfort & Connect area and the Heimtextil Trends 27/28, Heimtextil 2027 is sharpening its offering for a market under pressure. Today, textile products need to prove their quality, functionality and long-term value. From 12 to 15 January 2027, the leading trade fair for home and contract textiles and textile design showcases relevant innovations across the entire value chain: from fibres and yarns to designs by international studios and emerging talent, through to finished collections, functional contract textiles and complete interior solutions.