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

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3.3 Oerlikon Vacuum 1. Oerlikon Vacuum reached a record EBIT margin of 14 % in 2011, as operational efficiency programs and new products delivered enhanced profitability. 2. Production capacity in China expanded by 30 %. 3. Innovations like the turbo-molecular vacuum pump MAGiNTEGRA further expand Oerlikon Vacuum’s position as a technology leader in high-performance vacuum systems. Key figures in CHF million 2011 2010 % Order intake 400 438 –9 Order backlog 77 84 –8 Sales (to third parties) 409 410 – EBIT 59 30 97 EBIT margin 14 % 7 % – Best-in-class Pfeiffer Vacuum: 15 % EBIT margin (2011) Market presence of Oerlikon Vacuum Food Clothing Transportation Infrastructure Energy Electronics Others End applications based on Oerlikon technologies Process industry Research & Development LEDs/ lighting Glass coating Solar cells and modules Steel production Sunglasses
Business development In 2011, Oerlikon Vacuum generated a record margin of 14 % with stable sales, while overall demand in the market weakened in the second half of the year. EBIT totaled CHF 59 million, 97 % above the previous year’s level of CHF 30 million. As expected, 2011 order intake normalized in comparison to 2010 – a year in which the Segment profited from high demand following the recovery from the global economic crisis of 2009 – and fell by 9 % to CHF 400 million. Sales remained stable at CHF 409 million (previous year: CHF 410 million). Order backlog totaled CHF 77 million (previous year: CHF 84 million). However, adjusted to currencies, sales of Oerlikon Leybold Vacuum were 11 % higher than compared to 2010. Market segments such as process industries, coating and analysis were the key sources of the positive performance in 2011. Thanks to products like the DRYVAC, the Segment succeeded in tapping new application areas, including steel degassing and the production of LEDs. In the process industry, the Segment increased sales by almost 10 % compared to the previous year. All other sectors reflected the overall market development by witch reduced volumes compared to 2010. Analysis and R&D remained quite stable at around 20 % of sales, whereas semiconductor and photovolatic applications showed reduced volumes in the second half of 2011. Sales in Asia have Key topics Focus on Asia: Consistent with the strategy of serving the growing Asian market from within the region, the third facility extension at the Tianjin, China, site was opened at the end of 2011, increasing capacity by about 30 %. This strategic investment allows Oerlikon Vacuum to offer customers a comprehensive selection of locally made vacuum pumps and systems with shorter delivery times and improved delivery terms. Oerlikon Vacuum now offers a wider production and service range for fore- and high-vacuum, leak detection and solutions know-how in Asia. Outlook: slight increase in profitability, stable sales In 2012, Oerlikon Vacuum expects the market environment to remain stable for coating technologies and for the process and analytic sectors. As a result of new products, additional capacities in Asia and the continued expansion of the solution and service network, the Segment expects to gain market share. New products and continuing efforts in Operational Excellence will have a positive effect. For this reason, Oerlikon Vacuum foresees further margin improvement, but stable sales in a more challenging environment. 31 not been as strong as in previous years, with Europe catching up on volumes and stable business in the Americas. The solutions business generated the strongest sales growth within the Oerlikon Vacuum portfolio, with an increase of nearly 40 % compared with the previous year. In this area, the Segment applies its extensive technical know-how in consulting and engineering services to meet specific, complex customer needs. An example is the remote control and operation of vacuum systems via mobile devices like tablet computers. The component business, as well as services, were slightly below sales figures of 2010. Innovation: Oerlikon Vacuum continued to deliver innovative new products to market in 2011. The turbo-molecular pump MAGiNTEGRA was developed in direct response to customer needs and closes a gap in the Segment’s product range. The pump, with its unique flexible mounting system, offers a very low maintenance platform characterized by robust, reliable and wear-free operation reducing cost of ownership. The pump platform comes in three suction sizes, and is targeted at customers in the coating and renewable energy sectors. Its compactness and application flexibility have generated broad appeal and high sales volume.
Page 1 and 2: on a new level Annual Report 2011
Page 3 and 4: Vision Oerlikon creates innovative
Page 5 and 6: Oerlikon’s Segments in brief Text
Page 7 and 8: On a new level 2011 was a year of s
Page 9 and 10: I. Operational review We achieved a
Page 11 and 12: Dear Shareholders, 2011 was a break
Page 13 and 14: Solid performance of Oerlikon share
Page 15 and 16: Remuneration Report Risk Management
Page 19 and 20: Achieving a new level of profitabil
Page 23: Remuneration Report Risk Management
Page 26 and 27: Dr. Michael Buscher, CEO Oerlikon G
Page 28 and 29: 3.1 Oerlikon Textile 1. In 2011, Oe
Page 31 and 32: Turnaround time reduced by 40 % The
Page 33 and 34: Turnaround time reduced by 40 %
Page 35: Business development Oerlikon Drive
Page 38 and 39: Gary Lehman, CEO Oerlikon Drive Sys
Page 43 and 44: Output improved by 30 % “For a lo
Page 45 and 46: Output improved by 30 %
Page 47: Business development In 2011, the s
Page 50 and 51: Helmut Frankenberger, CEO Oerlikon
Page 52 and 53: 3.5 Oerlikon Coating 1. Oerlikon Co
Page 55 and 56: Productivity gains boost profitabil
Page 57 and 58: Productivity gains boost profitabil
Page 59: Business development Oerlikon Advan
Page 62 and 63: Andreas Dill, CEO Oerlikon Advanced
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Page 76 and 77: 58 Stability and competence The Oer
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Page 80 and 81: 62 Composition of Committees of the
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Page 88 and 89: 70 Composition of the Executive Com
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72 Letter Information for Investors
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7.0 Remuneration report In this rem
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78 Compensation of non-executive me
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82 Share options Letter Information
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8.0 Risk management 1. The 2011 enh
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Contents I. Operational review 1.0
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Key Figures Group Notes OC Oerlikon
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102 Expenses included in EBIT Key F
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104 Deferred taxes Key Figures Grou
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106 Financial investments Key Figur
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108 Property, plant and equipment i
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110 Key Figures Group Notes OC Oerl
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112 Intangible assets Previous year
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114 Post-employment benefit provisi
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116 Provisions in CHF million Key F
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118 Liquidity risk Key Figures Grou
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120 Credit risk Key Figures Group N
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122 Market risk Key Figures Group N
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124 Capital management Key Figures
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126 Related Party transactions Key
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128 Related Party transactions Memb
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130 Segment information Key Figures
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132 Companies by country Country Pr
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134 Report of the Statutory Auditor
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Contents I. Operational review 1.0
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9.0 Outlook for global markets Tren
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Remuneration Report Risk Management
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10.0 Research and development In 20
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166 Innovation highlights Oerlikon
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168 Oerlikon Vacuum MAGiNTEGRA: rob
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170 Oerlikon Coating INGENIA: the q
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11.0 Expanding the global footprint
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174 Oerlikon further expands in gro
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176 the greater the opportunity for
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Financial calendar March 5, 2012 An
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AB Applied Biosystems ∙ ABB ∙ A
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Annual Report 2011 (5.07 MB, PDF-File) - Oerlikon

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