Order intake increased to CHF3.6B

For the full year 2011, Sulzer received orders of CHF 3 566.1 million. This was a significant adjusted1 increase of 13.7% (nominal increase of 8.4%) from the previous year. In a challenging environment, the growth was driven by larger orders in the oil and gas upstream market (mainly in the first half of the year), the automotive industry, and other general industrial markets as well as by acquisitions. The strong Swiss franc again led to a significant negative currency translation effect, but the company’s global presence is a natural hedge against material impacts on profitability. The acquisition of Cardo Flow Solutions was closed at the end of July and added to the order intake in the remaining five months of 2011. Despite the ongoing uncertainties in the financial markets and their potential negative effect on the economy, Sulzer expects moderate order intake growth in 2012.

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