Note: *All % growth rates are adjusted for currency and acquisition / disposal effects. 

Currency translation had a negative impact of CHF 131.0 million resulting from the strengthening of the Swiss Franc, our reporting currency, against most currencies. Order intake would be CHF 3’065.4 million excluding currency translation impacts. Acquisitions and disposal effects amounted to CHF 1.1 million.

In the Flow division, order intake grew by 8.0%, supported by solid growth in its Water and Industrial business. This was mainly driven by “green metals” processing and the wastewater treatment markets. The division also saw ongoing good market momentum in its Energy and Infrastructure business.

Order intake in the Services division continued its double-digit growth, reaching 12.9%. All three regions contributed to positive end-market development, particularly in the Americas and Asia-Pacific regions.

Chemtech order intake increased by 6.2%. This was driven by large order bookings in the first half of the year in biopolymers and carbon capture markets.

Geographically, Sulzer’s order intake grew 15.6% in Europe, the Middle East and Africa, 8.6% in the Americas and 1.7% in the Asia-Pacific region.

Outlook

Given the robust results across all divisions, Sulzer confirms its increased guidance for the full year as communicated in July 2024 – with an increase in order intake of +9 to 12% and in sales of +9 to 11%. Operational profitability is expected to be approximately 12% of sales.