- Oerlikon’s order intake increased by 11% year-over-year at constant FX, benefitting from both end market and regional diversification
- Sales up 3% year-over-year at constant FX, supported by aviation and tooling
- Successful placement of CHF 350m dual tranche senior unsecured bonds, extending the company’s debt maturity profile
- Pure-play execution on track with closing expected in Q4 2025, subject to regulatory approvals
- Marco Freidl and Dr. Andreas Weiss to join the Executive Committee
Key figures Oerlikon1 as of September 30, 2025 (CHF million, rounded2)
| Q3’25 | Q3’24 | % Change CHF | % Change comparable3 |
9m 25 | 9m 24 | % Change CHF | % Change comparable3 |
|
|---|---|---|---|---|---|---|---|---|
| Order intake | 396 | 376 | +5.2% | +11.1% | 1,222 | 1,229 | -0.6% | +3.2% |
| Sales | 380 | 390 | -2.5% | +2.9% | 1,167 | 1,225 | -4.8% | -1.1% |
1 Oerlikon refers to continuing operations. 2024 numbers pro forma without Barmag.
2 Due to rounding, some totals may not correspond with the sum of the separate figures.
3 Adjusted for FX change; there was no M&A impact in the comparable period.
Strong order intake achieved
Oerlikon delivered good order intake in Q3 at CHF 396m, up 11% organically year-over-year. Sales were up 2.9% at CHF 380m. These results demonstrate the company’s resilience despite ongoing challenges across most of its end markets. The third quarter was characterized by continuing geopolitical uncertainties and subdued industrial activity, especially in the Eurozone, where PMIs remained around neutral level.
The good performance in orders and sales was supported by continued innovation and positive market developments in aviation and tooling, compensating for headwinds in automotive, general industries and luxury. Overall, order momentum improved towards the end of the quarter.
While the service business remains affected by short-term headwinds, especially in Europe, the equipment business showed positive growth, particularly in Asia.
The ability to gain market share under these conditions underscores the strength of Oerlikon’s positioning and the effectiveness of our commercial execution. At the same time, strategic efficiency measures are progressing to sustainably optimize our cost structure, positioning the company to emerge even stronger once markets recover.
Following the good performance in Q3, and based on current tariffs status, Oerlikon reaffirms its full-year guidance.
Additionally, the successful placement of CHF 350 m in dual-tranche senior unsecured bonds and the reaffirmation of its investment-grade rating underscore continued confidence from the financial community in Oerlikon’s long-term strategy and resilience.
On track with pure-play execution
Pure-play execution with the divestment of Barmag is on track and closing is expected for Q4 2025, subject to regulatory approvals.
Barmag’s order intake in Q3 2025 increased by 21% year-over-year at constant FX to CHF 186m, in line with the company’s expectations. Sales declined by 17% year-over-year at constant FX to CHF 150m, as a result of different seasonality.
Executive Committee
Oerlikon announced that Marco Freidl and Dr. Andreas Weiss will join the Executive Committee.
Marco Freidl, a Swiss national, will assume the role of Chief Financial Officer (CFO), effective November 2025. Currently serving as Oerlikon’s Head of Group Strategy, Business Development and M&A, he has held senior leadership positions in corporate finance and has a strong understanding of capital markets. He succeeds Markus Richter, who will leave the company.
Dr. Andreas Weiss, also a Swiss national, will join the Executive Committee in his current role as General Counsel and Corporate Secretary upon the expected closing of the divestment of Barmag to Rieter, which is expected in Q4 2025. Concurrently, Georg Stausberg, CEO Oerlikon Barmag, will step down from the Executive Committee to join Rieter AG.
The pure-play Executive Committee will consist of Executive Chairman Michael Suess, COO Dirk Linzmeier, CFO Marco Freidl, CHRO Anna Ryzhova and General Counsel Andreas Weiss.
“With these key leadership appointments, we have the right Executive Committee team to lead Oerlikon in its pure-play future,” Michael Suess, Executive Chairman of Oerlikon, stated. “I am confident that the professional acumen and personal integrity of Marco Freidl and Andreas Weiss will be a great asset to the Executive Committee.”
“The appointment of Andreas Weiss reflects the strategic importance of his contributions over many years. As a trusted advisor to both the Board of Directors and the Executive Committee, Andreas has played a key role in shaping legal and strategic matters,” Suess said.
“Marco has made a strong impact in corporate finance, strategy and M&A over the past years and brings a deep understanding of capital markets from his previous experience in banking. The Board and Executive Committee look forward to continuing our excellent collaboration with Marco Freidl and Andreas Weiss in their expanded roles,” Suess added.
Marco Freidl joined Oerlikon in 2018 and has held several leadership positions with increasing responsibility in M&A, Corporate Finance and Strategy before assuming his current role as Head Group Strategy, Business Development and M&A. Prior to joining Oerlikon, Marco Freidl spent over six years at UBS where he held roles in Equity Capital Markets and M&A advisory. He holds a Master in Finance & Accounting and a B.A. degree in Business Administration from the University of St. Gallen (HSG).
Dr. Andreas Weiss worked as Legal Counsel (2014 – 2017) and as Head Corporate Law (2017 – 2019) at Oerlikon before assuming his current role as General Counsel and Corporate Secretary in 2020. Prior to joining Oerlikon, he was an attorney-at-law at Niederer Kraft Frey AG.
Additional Information
The media release can be found at www.oerlikon.com/pressreleases and www.oerlikon.com/ir.
About Oerlikon
Oerlikon (SIX: OERL) is a global leader in surface technologies with a subsidiary for manmade fibers solutions, Barmag. With a unique portfolio in surface engineering, advanced materials, coating equipment and components, we make our customers’ products better: improved efficiency, durability and sustainability. Oerlikon serves a wide range of industries, including Aerospace, Automotive, Energy, Medical and Luxury. Headquartered in Pfaeffikon, Switzerland, the Group has a global presence with over 12 000 employees across 199 locations in 38 countries, achieving sales of CHF 2.4 billion in 2024.
Disclaimer
OC Oerlikon Corporation AG, Pfäffikon together with its affiliates, hereinafter referred to as “Oerlikon”, has made great efforts to include accurate and up-to-date information in this document. However, Oerlikon makes no representation or warranties, expressed or implied, as to the truth, accuracy or completeness of the information provided in this document. Neither Oerlikon nor any of its directors, officers, employees or advisors, nor any other person connected or otherwise associated with Oerlikon, shall have any liability whatsoever for loss howsoever arising, directly or indirectly, from any use of this document.
The contents of this document, including all statements made therein, are based on estimates, assumptions and other information currently available to the management of Oerlikon. This document contains certain statements related to the future business and financial performance or future events involving Oerlikon that may constitute forward-looking statements. The forward-looking statements contained herein could be substantially impacted by risks, influences and other factors, many of which are not foreseeable at present and/or are beyond Oerlikon’s control, so that the actual results, including Oerlikon’s financial results and operational results, may vary materially from and differ from those, expressly or implicitly, provided in the forward-looking statements, be they anticipated, expected or projected. Oerlikon does not give any assurance, representation or warranty, expressed or implied, that such forward-looking statements will be realized. Oerlikon is under no obligation to, and explicitly disclaims any obligation to, update or otherwise review its forward-looking statements, whether as a result of new information, future events or otherwise.
This document, including any and all information contained therein, is not intended as, and may not be construed as, an offer or solicitation by Oerlikon for the purchase or disposal of, trading or any transaction in any Oerlikon securities. Investors must not rely on this information for investment decisions and are solely responsible for forming their own investment decisions.
