Brief: Sulzer Reports Sales Of CHF 1'601.6M, +15.4% In H1

Sulzer

25/07/2023 05:16

July 25 (Reuters) - Sulzer AG  SUN.S :
    * 2023 GUIDANCE INCREASED
    * SALES CHF 1'601.6M, +15.4% IN H1 ON ROBUST EXECUTION
    * FIRST HALF ORDERS CHF 1'992.4M, + 24.1% YOY ON ROBUST
GROWTH
MOMENTUM IN ALL DIVISIONS
    * HY OPERATIONAL PROFIT CHF 162.4M, +27.3% YOY
    * HY FREE CASH FLOW AMOUNTS TO CHF 106.6M COMPARED TO CHF
-78.2M
IN H1 2022
    * INCREASED 2023 GUIDANCE AND EXPECT ORGANIC ORDER GROWTH OF
10 TO
14% YEAR-ON-YEAR
    * SEES 2023 ORGANIC SALES GROWTH OF 11 TO 13% AND
OPERATIONAL
PROFITABILITY AROUND 11% OF SALES


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