Sulzer AG
SIX:SUN

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Sulzer AG Logo
Sulzer AG
SIX:SUN
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Price: 147 CHF -0.41% Market Closed
Market Cap: 5B CHF

Sulzer AG
Investor Relations

Nestled in Winterthur, Switzerland, Sulzer AG has carved a compelling narrative that spans nearly two centuries in the engineering industry. The company commenced its journey in 1834, steadily ascending from a foundry to become a powerhouse in fluid engineering and related services. Sulzer operates primarily in four segments: Pumps Equipment, Rotating Equipment Services, Chemtech, and Applicator Systems. This alignment enables the firm to cater to diverse industries like oil and gas, power, water, and general industry processes. Throughout its history, Sulzer has continuously evolved, integrating cutting-edge technology and sustainable practices, thereby staying relevant in an ever-changing industrial landscape.

At the core of Sulzer’s business model lies its robust portfolio of innovative products and services. The Pumps Equipment division specializes in the development and provision of pumping solutions aimed at improving flow control and energy efficiency. Its Rotating Equipment Services arm extends the life of machinery through expert maintenance and repair services, ensuring operational efficiency for industrial clients. Meanwhile, the Chemtech segment delivers advanced separation, mixing, and service solutions, primarily to the hydrocarbon processing industry. Lastly, the Applicator Systems segment targets the specificity required in high-precision dispensing technology for healthcare and beauty sectors. This diversified approach enables Sulzer to not only capture value in manufacturing but also extend it, ensuring a stable revenue stream through aftermarket services and technological innovation.

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Last Earnings Call
Fiscal Period
Q2 2023
Call Date
Jul 25, 2023
AI Summary
Q2 2023

Strong Growth: Sulzer reported robust H1 2023 results with orders up 24.1%, sales up 15.4%, and substantial profit increase across all divisions.

Profitability: Operational profitability improved to 10.1%, with margin expansion in all divisions; notable rise in Flow Equipment profitability to 7.0%.

Cash Flow: Free cash flow reached CHF107 million, a turnaround from minus CHF78 million last year, driven by higher profitability and improved receivables collection.

Upgraded Guidance: Full-year guidance was raised; Sulzer now expects order intake growth of 10–14%, sales growth of 11–13%, and operational profitability around 11%.

Strategic Focus: Management emphasized ongoing efforts in operational excellence and business process improvements, seeing additional margin potential.

Service Division: Services are operating at a new run rate driven by increased demand for retrofits and regulatory upgrades, not just catch-up from past delays.

Market Outlook: Management remains cautious for H2 given economic uncertainty, especially after a very strong H1 and some signs of softness in the European chemical segment.

Key Financials
Order Intake
CHF2 billion
Operational Profitability
10.1%
Order Intake Gross Margin
33%
Free Cash Flow
CHF107 million
EBIT (first six months)
CHF151 million
Flow Equipment Operational Profitability
7.0%
Services Operational Profitability
14.2%
Chemtech Order Intake
CHF505 million
Earnings Call Recording
Other Earnings Calls
2023
2020
2019

Management

Dr. Suzanne Thoma Ph.D.
Executive Chair & CEO
No Bio Available
Mr. Thomas Zickler
Group Treasurer & CFO
No Bio Available
Ms. Louise Graffner
Group Chief Information Officer
No Bio Available
Mr. Marcel Reinhard
General Counsel
No Bio Available
Marlene Betschart
Head of Corporate Communications
No Bio Available
Ms. Haining Auperin
Chief Human Resources Officer
No Bio Available
Mr. Tim Schulten
Division President of Services
No Bio Available
Mr. Uwe Boltersdorf
Division President of Chemtech
No Bio Available
Mr. Jan Lüder
Division President of Flow Equipment
No Bio Available
Mr. Michael R. Schüepp
Head of Ventures
No Bio Available

Contacts

Address
ZUERICH
Winterthur
Neuwiesenstrasse 15
Contacts
+41522623022.0
www.sulzer.com