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Investing.com -- Swiss technology group Oerlikon reported third-quarter orders of CHF396 million, representing an 11% year-over-year increase at constant exchange rates, modestly exceeding market expectations.
The company’s sales reached CHF380 million in the quarter, growing 2.9% year-over-year at constant exchange rates, also slightly above consensus estimates.
Oerlikon’s performance was driven by strong demand in aviation and tooling sectors, which helped offset weakness in automotive and general industries. The company noted that its service business continues to face soft conditions in Europe.
The Swiss industrial firm reaffirmed its pure-play strategy and maintained its full-year 2025 guidance.
In a leadership announcement, Oerlikon revealed that Marco Freidl, an internal candidate, will replace Markus Richter as Chief Financial Officer. The company described this executive change as "surprising" but did not provide further details about the transition timeline.
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