Additive manufacturing (AM) company Oerlikon has published its Q3 2020 results.

According to the company, group order intake declined by 17.3% year-over-year to CHF 518 million with sales decreasing by 6.4% to CHF 593 million, partly due to adverse currency movements. However, sales improved by 16.4% compared to Q2 2020.

Oerlikon says that it is ahead in implementing the structural and productivity programs which include ‘rightsizing’ its AM business. ‘As of the end of the third quarter, more than 650 of the targeted 800 headcount has been reduced, of which around 40 are based in Switzerland and Liechtenstein,’ a press release said. ‘The development in end markets remains highly uncertain, exacerbated by the pandemic and geopolitical factors. Oerlikon will continue to execute its programs consistently to strengthen its core and competitive position.’

This story uses material from Oerlikon, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.