(Reuters) -Swiss industrial group OC Oerlikon lowered its full-year guidance on Tuesday, citing weak industrial demand and the evolving burden on the economy from U.S. trade tariffs. The group
OC Oerlikon Adjusts Full-Year Forecast Amid U.S. Tariff Challenges
(Reuters) -Swiss industrial group OC Oerlikon lowered its full-year guidance on Tuesday, citing weak industrial demand and the evolving burden on the economy from U.S. trade tariffs.
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)
(Reporting by Maria Rugamer and Bartosz Dabrowski in Gdansk; Editing by Christopher Cushing and Milla Nissi-Prussak)
