March 3, 2020 / 6:03 AM / in a month

Oerlikon posts FY results below consensus, cites tough market conditions

March 3 (Reuters) - Swiss industrial group OC Oerlikon on Tuesday reported full-year revenue and core profit that were below analysts’ expectations, citing challenging market conditions.

Full-year revenue declined to 2.59 billion Swiss francs ($2.70 billion), while earnings before interest, taxes, amortisation and depreciation (EBITDA) dropped to 366 million francs.

Analysts in a company-compiled consensus had expected revenue and EBITDA to come in at 2.61 billion francs and 397 million francs, respectively. ($1 = 0.9579 Swiss francs) (Reporting by Bartosz Dabrowski in Gdansk; Editing by Kim Coghill)

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