Sulzer (SUN) Q1 2025 TU earnings summary

Executive summary

• Order intake remained stable at CHF 1,020 million in Q1 2025, matching the previous year despite economic uncertainty.

• Order backlog increased to CHF 2.5 billion, up CHF 0.2 billion from year-end 2024.

Financial highlights

• Flow division order intake grew 4% year-over-year to CHF 398 million.

• Services division order intake rose 8% year-over-year to CHF 392 million.

• Chemtech division order intake declined 18% year-over-year to CHF 230 million, following large prior-year orders.

Outlook and guidance

• Full-year 2025 guidance confirmed: organic order intake growth of 2% to 5%, sales growth of 5% to 8%.

• EBITDA margin expected to exceed 15% of sales.