2024-04-15 07:13:27
The Sulzer industrial group saw its order intake continue to grow in the first quarter of 2024, on an adjusted basis. She expects this situation to continue throughout the year.
From January to March, order intake remained strong, increasing 4.0% on an adjusted basis to 1.02 billion. This development is explained by continued good performance in the field of services and by a new major order placed with Chemtech.
By division, Flow Equipment decreased by 13.8% to 381.4 million, Services increased by 26.2% to 30.8 million and Chemtech by 8.2% to 278 million.
This result is higher than the consensus expectations of the AWP agency, of which the six analysts interviewed agreed on average at 952 million francs.
The order book stood at 2.3 billion compared to 2.1 billion a year earlier.
For 2024, management expects demand in its markets to remain within the range of previously communicated guidance for the full year, with order intake growth of 2-5% year-on-year, a sales growth of 6 to 9% and an operating margin (Ebita) which will continue its upward trajectory to reach around 12% of turnover.
This article was automatically published. Sources: ats/awp
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