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SUN — Sulzer AG News Story

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Sulzer gains after Q2 EBITDA beat expectations

BUZZ-Sulzer gains after Q2 EBITDA beat expectations

** Shares in Sulzer SUN.S rise 6.6% after the Swiss pump manufacturer Q2 operating profit before depreciation and amortisation beat expectations

** The company reported Q2 EBITDA of CHF 258.7 million ($315.76 million) vs 253.8 million in a consensus cited by Vontobel

** Vontobel says execution in the "base" business remains very strong, helping to alleviate concerns about a macroeconomic-driven slowdown in demand

** Alpha Value expects "a positive market reaction given the EBITDA beat and the resilience shown by the Flow business"

** Share on track for a best day since January 15 , when it closed 9.0 % higher.

** Up to the previous session's close, shares were down 3.9%​ YTD

($1 = 0.8193 Swiss francs)


(Reporting by Amir Orusov)

((Amir.orusov@thomsonreuters.com))

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