Business
Sulzer : Midyear Report 2025 (Sulzer Midyear Report 2025)
Sulzer : Midyear Report 2025 (Sulzer Midyear Report
About this update from Sulzer Ag
[{"type":"text","content":"\n Midyear Report 2025\n \n \n Contents\n \n 3\n \n \n Letter to the shareholders\n \n \n 6\n \n \n Our key figures\n \n \n 7\n \n \n Business review\n \n \n 8\n \n \n Financial review\n \n \n 13\n \n \n Business review Flow\n \n \n 15\n \n \n Business review Services\n \n \n 17\n \n \n Business review Chemtech\n \n \n 19\n \n \n Financial reporting\n \n \n 20\n \n \n Consolidated financial statements\n \n \n 20\n \n \n Consolidated income statement\n \n \n 21\n \n \n Consolidated statement of comprehensive income\n \n \n 22\n \n \n Consolidated balance sheet\n \n \n 23\n \n \n Consolidated statement of changes in equity\n \n \n 24\n \n \n Consolidated statement of cash flows\n \n \n 26\n \n \n Notes to the consolidated financial statements\n \n \n 47\n \n \n Supplementary information\n \n Sulzer Headquarters in Winterthur\n \n \n \n Letter to the Shareholders\n \n \n \n The first half of 2025 has seen significant shifts in global trade dynamics, driven largely by the introduction of U.S. tariffs and the resulting responses from international markets and governments. As the landscape continues to evolve, Sulzer remains steadfast in spite of the uncertainties influencing key decision makers globally - drawing on our presence in essential markets and industries and the solutions we provide for our customers' aspirations, while we seize opportunities that live up to our vision of growth, prosperity and sustainable living.\n \n \n \n With a focus on delivering value to our customers and communities, we continue to develop our business through disciplined operational execution, ongoing continuous improvement and robust global partnerships. Our contribution to essential industries and structurally growing markets is as necessary as ever and positions us to not only help manage the challenges ahead, but to lead through them.\n \n \n \n A strong year with disciplined progress\n \n \n The first half of 2025 has brought strong sales growth and good order intake for Flow and Services in spite of uncertainties in the market. Chemtech was more impacted by the geopolitical situation, which led to project postponements, not cancellations. We expect order intake to improve in the second half year of 2025.\n \n \n \n Profitability improved for the third consecutive year, supported by our strategic excellence initiatives. By continuously improvi...