OC Oerlikon (OERL) Q3 2025 TU earnings summary

Executive summary

• Order intake rose 11% year-over-year at constant FX, reflecting end market and regional diversification.

• Sales increased 3% year-over-year at constant FX, driven by aviation and tooling sectors.

• Leadership changes announced, with Marco Freidl as CFO and Dr. Andreas Weiss joining the Executive Committee.

• Pure-play execution on track, with Barmag divestment expected to close in Q4 2025.

Financial highlights

• Q3 2025 order intake reached CHF 396m, up 11% organically year-over-year.

• Q3 2025 sales were CHF 380m, up 2.9% year-over-year at constant FX.

• Barmag's Q3 order intake increased 21% year-over-year at constant FX to CHF 186m; sales declined 17% to CHF 150m.

Outlook and guidance

• Full-year guidance reaffirmed based on Q3 performance and current tariff status.

• Pure-play execution and strategic efficiency measures expected to strengthen future performance.