Swiss group OC Oerlikon lowers full-year guidance on tariff woes
The group forecast flat to slightly lower sales at a constant foreign exchange rate and an operational EBITDA margin between 17.0% and 17.5%.
It had previously guided for stable to low single-digit percentage organic revenue growth and an operating margin of around 18.5%.
The U.S. punitive tariff rate of 39% on Swiss goods is higher than nearly any other Western trading partner, and is set to take effect on August 7.
According to a survey by economiesuisse, around half of Swiss export-oriented companies expect negative consequences from the tariffs.
Oerlikon said its second-quarter orders contracted as trade tensions pushed some customers into wait-and-see mode. It reported an order intake of 405 million Swiss francs ($501 million), compared to a company-compiled consensus of 396 million Swiss francs.
($1 = 0.8090 Swiss francs)
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