Press Releases

The board of directors of Sulzer has appointed Jürgen Brandt as Chief Executive Officer of Sulzer as of November 1, 2011, on an ad interim basis.

Jürgen Brandt will take over this position in addition to his role as Chief Financial Officer.
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In the first nine months of 2011, Sulzer received orders of CHF 2 647.1 million. This was an adjusted¹ increase of 16.5% (nominal increase of 8.2%) compared with the same period of the previous year. Order intake increased due to growth in early-cycle markets and larger orders in the oil and gas market in the first half of the year. Uncertainties in the financial markets have started to influence customer ordering b...
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The announced acquisition of Cardo Flow Solutions was completed on July 29, 2011. For a total cash consideration of SEK 5.9 billion (CHF 852 million), Sulzer acquired one of the leading suppliers of pumps and related equipment in the attractive wastewater market. In 2010, Cardo Flow Solutions generated approximately CHF 463 million in sales and an adjusted EBITDA of CHF 67 million, implying a 14.5% EBITDA margin. The business ...
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Sulzer had a strong start in 2011. Order intake increased significantly due to continued growth in early-cycle markets and recovering orders in some late-cycle markets. Sales and operating income increased substantially, and profitability improved compared with the first half of the prior year. The strong Swiss franc had a significant negative translation effect on absolute figures, while the company’s global presence again pr...
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