Annual Report 2011 (5.07 MB, PDF-File) - Oerlikon

Remuneration Report Risk Management Financial Report Global Markets R & D Global Presence
Following the operational achievements and successful
completion of the restructuring program at the Corporate level,
the position of Chief Restructuring Officer, specified by the
recapitalization agreement, was phased out as planned. In addition,
the position of Chief Operating Officer was eliminated.
Outlook 2012
The global economic outlook is uncertain and remains difficult
to assess. Oerlikon remains focused on further improving Operational
Excellence to strengthen underlying performance.
Processes and tools to improve forecasting and optimize the
break-even sales levels have been introduced across the
Group. While the outlook for some countries points to flat or
declining economic growth, Oerlikon’s high proportion of sales
in Asia, China and India in particular should help offset declines
in other areas.
Based on stable currencies, the company forecasts for 2012
order intake and sales to decrease slightly by up to 5 %, but to
maintain profitability with an EBIT margin of around 10 %.
Employees
16 369
16 657
17 227
2009 1 2010 2011
1 Continuing operations
Employees 2011 by region
Europe (9 243)
54 %
Asia/Pacific (5 919)
34 %
North America (1 765)
10 %
Other regions (300)
2 %
Employees 2011 by segment
19
Textile (6 230)
36 %
Drive Systems (5 471)
32 %
Vacuum (1 472)
9 %
Solar (660)
4 %
Coating (2 986)
17 %
Advanced
Technologies (200)
1 %
Others (208)
1 %