Sulzer Ltd (0QQ9) Q2 2026 Earnings Call

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WEBVTT NOTE Transcription provided by Deepgram Request Id: 01a0422f-4d93-7151-b2d7-6a22d8a1def5 Created: 2026-08-27T07:46:51.543Z Duration: 3947.285 Channels: 1 00:00:00.000 -- 00:00:02.080 Good morning and welcome to the mid year 00:00:02.080 -- 00:00:04.240 results presentation of Sulzer. 00:00:04.480 -- 00:00:07.279 Please feel free to ask your questions any 00:00:07.279 -- 00:00:09.360 time in the Q and A section. 00:00:09.679 -- 00:00:11.519 Please use the Q and A and not 00:00:11.519 -- 00:00:12.080 the chat. 00:00:12.705 -- 00:00:15.264 We will get to them after the presentations. 00:00:15.665 -- 00:00:18.225 And now I hand over to our hosts, 00:00:18.225 -- 00:00:21.345 Executive Chair, Susan Thome and CFO, 00:00:21.345 -- 00:00:22.305 Thomas Ziegler. 00:00:24.570 -- 00:00:26.170 Ladies and gentlemen, 00:00:26.170 -- 00:00:29.289 welcome to our mid year results presentation 00:00:29.450 -- 00:00:30.970 2026. 00:00:31.930 -- 00:00:34.489 The first half year of 2026 00:00:34.489 -- 00:00:36.649 has been both a challenging 00:00:36.809 -- 00:00:40.655 year for Sulzer half year and a very 00:00:40.655 -- 00:00:41.614 successful 00:00:41.695 -- 00:00:42.734 half year. 00:00:44.815 -- 00:00:47.454 Looking at our order intake, 00:00:47.614 -- 00:00:50.894 of course, with minus 3.9%, 00:00:51.055 -- 00:00:52.894 we cannot be satisfied. 00:00:53.840 -- 00:00:56.000 At the same time, we have to put 00:00:56.000 -- 00:00:58.399 this result into perspective. 00:00:59.360 -- 00:01:01.440 In one of our growth markets, 00:01:01.440 -- 00:01:02.480 The Middle East, 00:01:02.879 -- 00:01:04.479 there is unfortunately 00:01:04.720 -- 00:01:06.320 a war taking place. 00:01:07.325 -- 00:01:09.805 And this is not the moment for our 00:01:09.805 -- 00:01:12.125 customers to make m...