Sulzer (SUN) Q3 2024 TU earnings summary

Executive summary

• Order intake rose 9.2% year-over-year to CHF 2,934.4 million in the first nine months of 2024, with all divisions contributing to growth.

• Sulzer confirms increased full-year guidance, reflecting robust performance across divisions.

Financial highlights

• Order backlog reached CHF 2.4 billion as of the reporting period.

• Currency translation negatively impacted order intake by CHF 131.0 million due to Swiss Franc strength.

• Excluding currency effects, order intake would have been CHF 3,065.4 million.

Outlook and guidance

• Full-year 2024 guidance reaffirmed: order intake expected to increase 9–12%, sales to rise 9–11%.

• Operational profitability anticipated at approximately 12% of sales.