Brief: Sulzer AG Q1 Order Backlog At CHF 2.1 Bln

Sulzer

17/04/2023 06:03

April 17 (Reuters) - SULZER AG  SUN.S :
    * Q1 ORDERS YOY +31.2% ORGANIC, DRIVEN BY DOUBLE DIGIT
GROWTH IN
ALL DIVISIONS
    * Q1 ORDER BACKLOG INCREASED TO CHF 2.1BN
    * 2023 GUIDANCE CONFIRMED
    * WE EXPECT DEMAND IN OUR MARKETS TO REMAIN ROBUST
    * HOWEVER, DUE TO THE GENERAL ECONOMIC UNCERTAINTY WE WILL
REVIEW
OUR GUIDANCE FOR ORDER INTAKE WITH H1 RESULTS IN JULY
    * WE CONFIRM OUR PREVIOUSLY COMMUNICATED GUIDANCE FOR THE
FULL
YEAR 2023 WITH ORDERS UP ORGANICALLY (ADJUSTED FOR FOREIGN
EXCHANGE, ACQUISITIONS AND DIVESTITURES) BY 3 TO 6% YEAR ON
YEAR, SALES BY 7 TO 9% AND OPERATIONAL PROFITABILITY OF ABOVE
10%
    * Q1 CURRENCY TRANSLATION HAD A NEGATIVE IMPACT OF CHF 44.8M
VERSUS THE PRIOR YEAR PERIOD AND DIVESTMENTS CONTRIBUTED
NEGATIVELY BY CHF 12M
    * ORDER INTAKE IN FLOW EQUIPMENT GREW BY 42.8% ORGANICALLY
MAINLY
DRIVEN BY STRONG MOMENTUM IN ENERGY

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