Brief: Sulzer AG Reports Sales Increased By 0.9% Compared To First Half Of 2021, Reaching CHF 1,516.8 Mln In First Half 2022

Sulzer

29/07/2022 05:06

July 29 (Reuters) - Sulzer AG  SUN.S :
    * FIRST HALF ORDERS UP 11.4% (+10.9% ORGANIC) YOY, INCREASED
ORDER
BACKLOG AT CHF 1896.2M (+10.0% VERSUS YEAR END 2021)
    * 2022 GUIDANCE CONFIRMED EXCLUDING IMPACT OF EXITING
RUSSIAN
MARKET
    * COMPARED WITH FIRST HALF OF 2021, ORDER INTAKE INCREASED
BY A
STRONG 11.4% TO CHF 1,734.1 MILLION IN FIRST HALF 2022
    * SULZER - CONFIRM GUIDANCE 2022 EXPECTING ORGANIC ORDER
GROWTH OF
3 TO 5% Y-O-Y, ORGANIC SALES GROWTH 2 - 4% EXCLUDING IMPACT OF
EXITING RUSSIAN MARKET
    * ENTERS SECOND HALF OF 2022 WITH A HIGH ORDER BACKLOG OF
CHF
1,896.2 MILLION (DECEMBER 31, 2021: CHF 1,724.1 MILLION)
    * EXPECTS 2022 OPERATIONAL PROFITABILITY TO CONTINUE ON ITS
UPWARDS TRAJECTORY TO REACH CLOSE TO 10% OF SALES
    * SALES INCREASED BY 0.9% COMPARED TO FIRST HALF OF 2021,
REACHING
CHF 1,516.8 MILLION IN FIRST HALF 2022

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