Organic growth in order intake further strengthened
Order intake in the first nine months of 2018 grew across all divisions, reaching CHF 2’676 million compared to CHF 2’385 million in the same period a year ago. Organic growth amounted to 7.2%, up from 6.5% reported in the first half of the year. In the third quarter, Sulzer achieved an order intake of CHF 874 million – an organic increase of 8.7% year on year. With the exception of the power market, Sulzer grew in all of its target markets with the oil and gas market being the strongest driver. In light of this good momentum, Sulzer increases its guidance for 2018 order intake growth to 10 – 12%, up from 7 – 10% previously. Sulzer’s guidance for 2018 sales and opEBITA margin remains unchanged.
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