Brief: Sulzer Q1 Orders Growth +4.0%

Sulzer

15/04/2024 05:54

April 15 (Reuters) - SULZER AG  SUN.S :
    * Q1 ORDERS GROWTH +4.0%, ABOVE EXPECTATIONS
    * ORDER BACKLOG INCREASED TO CHF 2.3BN
    * SULZER RECEIVED LARGE BIOPOLYMER ORDER FROM INDIA
    * Q1 2024 ORDER INTAKE IN SWISS FRANCS WAS NEGATIVELY
IMPACTED BY
CHF 84.0M DUE TO A TRANSLATION EFFECT RESULTING FROM
STRENGTHENING OF SWISS FRANC
    * DIVESTMENTS AMOUNTED TO CHF 2.6M
    * ORDER INTAKE IN Q1 2024 WAS ABOVE OUR EXPECTATIONS DUE TO
NATURE
OF PROJECT BUSINESS IN SULZER'S MARKETS
    * OUTLOOK 2024: ORDER INTAKE GROWTH OF 2 TO 5% YEAR-ON-YEAR,
SALES
GROWTH OF 6 TO 9% AND OPERATIONAL PROFITABILITY TO CONTINUE ITS
UPWARD TRAJECTORY TO AROUND 12% OF SALES

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