Higher Sales And Earnings During The First Half of 2007

23.08.2007

In the first half of 2007, Sulzer achieved strong growth and substantially higher results. Order intake, sales, operating income (EBIT), and net income were well above the previous year’s results.

All key markets and regions remained in a positive condition. The outlook for the full year is encouraging, with strong gains expected in order intake and sales. In 2007, results are anticipated to be above those of the previous year due to operating improvements and volume leverage.

For the first half of this year, order intake grew 28.9% compared with the first half of 2006 (adjusted1 24.6%). Sales rose significantly by 23.7% (adjusted1 18.6%) to CHF 1 653.7 million. The order backlog mounted to almost CHF 2 billion. Operating income (EBIT) of the divisions increased by 45.9% to CHF 188.3 million. This figure corresponds to a return on sales of 11.4%. All four divisions significantly improved profitability. Overall net income attributable to shareholders grew to CHF 131.8 million from CHF 104.3 million (+ 26.4%). Cash generation from operating activities was CHF 11.4 million. It was significantly influenced by an increase of net working capital triggered by the growth, as well as by higher tax payments due to the increased profit. The share buyback program reduced net liquidity by about CHF 122 million in the first half of 2007.

More articles on this topic

Order Intake After Nine Months Up 24%

24.10.2006 -

Sulzer increased its order intake for the first nine months of 2006 by nearly a quarter to CHF 2 491.1 million, up CHF 483.3 million compared with the same period for the previous year. Over the coming months, Sulzer expects the positive order situation to continue.

Read more

Sulzer Acquires Mixpac, Werfo and Mold

22.08.2006 -

In 2005 the companies Mixpac, Werfo, and Mold achieved combined sales of approximately CHF 110 million and today employ around 350 persons. Sulzer Chemtech intends to use the acquisition to strengthen and expand its market position in static mixing. Sulzer purchases the corporations Mixpac, Werfo, and Mold in two steps for about CHF 210 million.

Read more

Strong Growth During the First Half of 2006

19.07.2006 -

During the first half of 2006, Sulzer enjoyed continued growth. The order intake increased substantially by CHF 350.1 million to CHF 1,654.8 million as compared to CHF 1,304.7 million a year ago. Sulzer anticipates the good order situation to continue during the second half of the year.

Read more
Directly to the product selection in

PumpSelector

LATEST NEWS

  • Events

    « November 2020 » loading...
    M T W T F S S
    26
    27
    28
    29
    30
    31
    1
    2
    3
    4
    5
    6
    7
    8
    9
    10
    11
    12
    13
    14
    15
    16
    17
    18
    19
    20
    21
    22
    23
    24
    25
    26
    27
    28
    29
    30
    1
    2
    3
    4
    5
    6
  • JOB MARKET