Business
Sulzer : Stable order intake in the first quarter despite economic uncertainty
Sulzer : Stable order intake in the first quarter despite economic
About this update from Sulzer Ag
Both Flow and Services delivered good growth, while order intake for Chemtech declined by -18% following exceptionally large orders in 2023 and Q1 2024. The currency translation impact and acquisitions and disposal effects were negligible in Q1 2025. In the Flow division, order intake grew by 4%, supported by the continuous good market momentum in the energy transition and security and wastewater sectors. The order intake increased by 4% in both the Water and Industrial business and the Energy and Infrastructure business. Order intake in the Services division continued the excellent growth with 8%. All three regions contributed to the positive market development, particularly in Europe, the Middle East and Africa (EMEA) which achieved 15% growth with a strengthened position in the market. Chemtech order intake decreased by -18%. The Mass Transfer Components and Services business is missing larger orders, especially from China, while the System Solutions' previous year comparison is impacted by the exceptionally large biopolymer order from India in Q1 2024. Geographically, Sulzer's order intake grew 31% in Europe, the Middle East and Africa, whereas it declined 1% in the Americas and 33% in Asia Pacific. Despite the current low visibility in the context of growing global economic uncertainty, Sulzer confirms its guidance for the full year as communicated in February 2025 - with year-on-year organic growth for order intake of 2% to 5% and for sales of 5% to 8%. The EBITDA margin is expected to further increase to above 15% of sales.