Industry: Sales and profitability up for Sulzer – Economy

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Sulzer posted higher results in 2019. The performance of the Winterthur industrial group proved to be in line with analysts’ expectations.

Order intake grew 6.1% to 3.75 billion francs, when sales grew 10.8% to 3.73 billion, the group said in a statement on Wednesday.

Compliant results

In terms of profitability, operating profit (Ebit) increased by more than 30% to 241.0 million francs. Net profit swelled 35.4% to 154 million. Shareholders should benefit from this performance. They will be offered a dividend of 4 francs, compared to 3.50 in 2018.

The results are in line with market expectations. Turnover exceeds even the most optimistic forecasts.

For 2020, the Winterthur group expects order intake to grow by 2-4% and sales by 1-3%. It expects an operating Ebita margin of 10.2 to 10.5 percent. (Ps / nxp)

Created: 19.02.2020, 07h23

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https://www.tdg.ch/economie/ventes-rentabilite-hausse-sulzer/story/29845505

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