In Q1 2023, Sulzer’s order intake increased organically by 31.2% compared to the same period one year ago, with all three divisions contributing with double digit growth. Currency translation had a negative impact of CHF 44.8m versus the prior year period and divestments contributed negatively by CHF 12m. Sulzer is a highly diversified company offering heat exchangers, compressors, pumps and many other industrial plants and components.
Order intake in Flow Equipment grew by 42.8% organically mainly driven by strong momentum in Energy. Orders in Water decreased slightly due to the company’s increased focus on margins in the acceptance of orders in large desalination projects, whereas Industry remained stable compared to the same period a year ago.
Commenting on the growth, Executive Chairwoman Suzanne Thoma, said, “We continue to grow profitably, confirming the good momentum in demand in many industries. We are tracking ahead of expectations mainly due to some large orders that we do not expect to repeat in the next quarters. We are off to a very good start and well on track to meet our ambitious full year targets.”
