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Sulzer CHF 3B in order intake

In the first nine months of 2012, order intake increased to CHF 3 billion, driven by the major acquisition and organic growth. For the full year, order intake is expected to increase within the high single-digit range. 

Driven by the major pump acquisition and organic growth, the order intake increased significantly by a nominal 12.3% to CHF 2 972.9 million in the first nine months of 2012. Adjusted for currency effects as well as acquisitions and divestitures, orders were slightly up by 0.5%. Compared with the first nine months of 2011, the acquisition effect was CHF 246 million, and the currency translation effect was positive with CHF 68 million.

The oil and gas and transportation markets as well as the general industry remained stable at a high level. The power market remained at a low level. Geographically, North America and the Asia-Pacific region were the main growth drivers.

Outlook for full-year 2012
The ongoing uncertainties in the financial markets and their potential negative impacts on the global economy cannot be fully assessed and bear a certain downside risk. Based on current knowledge, order intake is expected to enjoy a high-single-digit increase for the full year, driven by the major acquisition and organic growth. All key markets and regions are expected to remain at the current activity levels for the remainder of 2012.

Results in detail
Sulzer Pumps

The division continued to increase its order intake noticeably in the first nine months, driven by the major acquisition. All key market segments were stable or positive when compared to last year. Most geographic regions were stable or positive in comparison with last year, in particularly the United States and Russia, with Brazil being the main negative exception.

For the full year, the division anticipates double-digit growth in orders. Activity in the oil and gas, and water markets is expected to remain stable at the current levels. Geographically, North America, the Asia-Pacific region and Russia are forecast to remain strong for the rest of the year.

Sulzer Metco
In a stable environment the division further increased its order intake in its key markets compared with the first nine months of the previous year. Demand for the division’s innovative coating solutions was particularly high in the aviation and power industries. The automotive market stabilized at high levels. Geographically, demand was particularly pronounced in North America and in the Asia-Pacific region, while Europe remained stable.

For the full year, the division expects moderate growth levels in order intake. The automotive, aviation, and general industries are likely to continue operating at the current high levels, driven by the emerging markets and North America.

Sulzer Chemtech
Order intake for first nine months of the year suffered a slight decrease due to large orders recorded in the first half of the previous year. Overall, the oil and gas downstream industry continued to develop positively for both mass transfer technology and tower field services. The demand for two-component mixing systems remained stable. The demand was particularly high in Asia and the Americas, while customers were cautious with investments in Europe.

For the full year, the division expects moderate growth in order intake. Process technology activities are expected to increase, while all other activities are projected to continue at the current levels for the remainder of the year. Geographically, Asia and the Americas are expected to remain the growth drivers.

Sulzer Turbo Services
The division increased its order intake to a high level, which was supported by large projects in the Americas and contributions from new markets in the Asia-Pacific region. The positive environment in the oil and gas, and the transportation industries supported the growth. Activity levels in the power and the general industries remained at a stable level.

For the full year, the division anticipates a high single-digit increase in order intake. Demand for the division’s services in the oil and gas, power, and the general industries is expected to remain at the current levels. The Americas and the Asia-Pacific region are forecast to remain the growth drivers for the current year.

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