Sulzer : increases order intake guidance based on strong growth momentum
July 07, 2023 at 01:04 am
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Ad hoc announcement pursuant to Art. 53 LR
July 07, 2023
Sulzer increases order intake guidance based on strong growth momentum
Strong order momentum continued in Q2. In the first half of 2023, order intake increased organically by 24.1% to CHF 1'992m from CHF 1'734m year-on-year, demonstrating Sulzer's strong position in growing markets.
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Based on this positive development, Sulzer increases its 2023 guidance for order intake from +3 to 6% to +10 to 14% organically1. More details will be given with the publication of the half-year report on July 25, 2023.
1 Adjusted for currency and acquisition/disposal effects
This document may contain forward-looking statements including, but not limited to, projections of financial developments, market activity, or future performance of products and solutions containing risks and uncertainties. These forward-looking statements are subject to change based on known or unknown risks and various other factors that could cause actual results or performance to differ materially from the statements made herein.
Sulzer AG published this content on 07 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 July 2023 05:03:02 UTC.
Sulzer AG is a Switzerland-based company engaged in pumping solutions and rotating equipment maintenance, as well as separation, reaction and mixing technology for the oil and gas, power generation and wastewater treatment industries. The Company operates four business divisions: the Pumps Equipment division offers a wide range of pumping solutions and related equipment, including centrifugal pumps and agitators for the oil and gas industry, among others; the Rotating Equipment Services division offers repair and maintenance services for industrial gas and steam turbines, turbocompressors, generators, motors and pumps; the Chemtech division offers products and services for separation, reaction, liquid application and mixing technology, and the Applicator Systems division offers dispenser systems and liquid application systems for the dental, healthcare and beauty markets, among others. The Company operates numerous subsidiaries.