Sulzer rises after results, 'encouraging' profitability 2024 outlook
22/02/2024 08:45
** Shares in Sulzer SUN.S rise 6% after the Swiss
industrial company reported 2023 results and released
"encouraging" 2024 outlook
** The company reported FY orders growth of 13.9% (guidance
10-14%) and FY sales growth of 13.2% (guidance 11-13%)
** Vontobel points to "encouraging profitability outlook",
with Sulzer guiding for operational profitability at around 12%
of sales vs. consensus of 11.2%
** "Sulzer reported an overall solid result particularly in
terms of profitability and cash flow generation," Baader Helvea
notes
(Reporting by Amir Orusov)
((Amir.orusov@thomsonreuters.com))