Sulzer rises following strong FY order momentum
20/02/2023 07:44
** Sulzer SUN.S shares rise 3.25% in Julius Baer premarket
trade on the back of strong orders figures, following the
release of the Swiss industrial company's full year results
** Sulzer's full year orders reached 3.425 billion Swiss
francs ($3.71 billion), 9.1% above last year's figure as the
firm cited strong demand in all divisions
** Furthermore, the Swiss firm sees for 2023 a 3%-6% order
growth
** "Sulzer is noting strong order momentum despite
increasing uncertainty in industrial markets", Vontobel ("hold")
notes, adding that "the outlook for robust order growth is
reassuring and suggests upside to estimates"
($1 = 0.9238 Swiss francs)
(Reporting by Tristan Chabba)
((Tristan.chabba@thomsonreuters.com))