Sulzer order intake for first quarter 2001 six percent higher
Consolidated order intake by the Sulzer Corporation for the first quarter 2001 rose by 6% to CHF 1532 million, equivalent to a 7% increase adjusted for acquisitions, divestitures and currency effects. This encouraging growth is mainly attributable to the Sulzer Industries core businesses on which Sulzer will be based in future.
Overall order intake by Sulzer Industries for the first quarter 2001 totaled CHF 1177 million, 7% higher than in prior year period or 9% adjusted for acquisitions, divestitures and currency effects.
Growth in the Sulzer Industries core businesses, with order intake totaling CHF 533 million, was markedly steeper at 43% (adjusted: 20%) than in those being divested. Only Sulzer Metco just matched the prior year level with CHF 99 million (adjusted: –19%).. This is attributable to the exceptionally high order intake for complete systems in the first quarter 2000. Business in the consumption materials and equipment segments continued to show a positive trend. Sulzer Turbomachinery Services delivered further proof of the growth potential in the service business, with an encouraging rise of 74% (adjusted: 34%) to CHF 65 million. Both Sulzer Metco and Sulzer Turbomachinery Services benefited from the successful integration of the Interturbine companies acquired last year. Sulzer Pumps order intake for the first quarter 2001 rose spectacularly by 63% to CHF 275 million, an increase that was still unusually high at 31% after adjustment for acquisition and currency effects. This success is attributable to all the corOrder intake by the outgoing businesses – Sulzer Infra, Sulzer Textil and Sulzer Burckhardt rose by 3% to CHF 620 million after adjustment for currency effects. Sulzer Turbo is no longer included in the consolidated accounts since 1.01.2001, and after receipt of the necessary approvals the transaction signed in December 2000 for the sale of this business is now scheduled for end of April 2001.
Sulzer expects an ongoing positive trend in order intake for the current year.
Winterthur, April 17, 2001