Our key figures
Amid difficult market dynamics caused by the pandemic, Sulzer was able to deliver yet another resilient performance with orders only softening by 2.2% and sales by 4.6%. This was supported by continued growth in the aftermarket business, strong demand in China, and positive development in Water and Chemicals. Solid operational execution and strict cost-saving measures helped reach an operational profitability of 9.0%. For the second consecutive year, Sulzer delivered a record free cash flow, amounting to CHF 272.1 million in 2020.
Order intake by division
Order intake by region
Key figures
|
millions of CHF |
|
2020 |
|
2019 |
|
Change in +/–% |
|
+/–% adjusted 1) |
|
+/–% organic 2) |
|
Order intake |
|
3’414.1 |
|
3’747.2 |
|
–8.9 |
|
–2.2 |
|
–3.8 |
|
Order intake gross margin |
|
34.0% |
|
33.6% |
|
|
|
|
|
|
|
Order backlog as of December 31 |
|
1’758.9 |
|
1’792.6 |
|
–1.9 |
|
|
|
|
|
Sales |
|
3’319.0 |
|
3’728.5 |
|
–11.0 |
|
–4.6 |
|
–5.6 |
|
EBIT |
|
150.6 |
|
241.0 |
|
–37.5 |
|
|
|
|
|
Operational profit |
|
297.6 |
|
371.3 |
|
–19.8 |
|
–13.7 |
|
–14.4 |
|
Operational profitability |
|
9.0% |
|
10.0% |
|
|
|
|
|
|
|
Operational ROCEA |
|
18.7% |
|
20.1% |
|
|
|
|
|
|
|
Core net income |
|
200.2 |
|
257.8 |
|
–22.4 |
|
|
|
|
|
Net income attributable to shareholders of Sulzer Ltd |
|
83.6 |
|
154.0 |
|
–45.7 |
|
|
|
|
|
Basic earnings per share |
|
2.46 |
|
4.52 |
|
–45.6 |
|
|
|
|
|
Free cash flow |
|
272.1 |
|
213.4 |
|
27.5 |
|
|
|
|
|
Net debt as of December 31 |
|
414.5 |
|
346.9 |
|
19.5 |
|
|
|
|
|
Employees (number of full-time equivalents) as of December 31 |
|
15’054 |
|
16’506 |
|
–8.8 |
|
|
|
|
1) Adjusted for currency effects.
2) Adjusted for acquisition and currency effects.
Stock market information
|
|
|
2020 |
|
2019 |
|
2018 |
|
2017 |
|
2016 |
|
Registered share (in CHF) |
|
|
|
|
|
|
|
|
|
|
|
– high |
|
110.50 |
|
113.40 |
|
137.50 |
|
129.90 |
|
107.80 |
|
– low |
|
40.12 |
|
75.15 |
|
76.30 |
|
102.30 |
|
75.55 |
|
– year-end |
|
93.10 |
|
108.00 |
|
78.05 |
|
118.20 |
|
105.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Market capitalization as of December 31 |
|
|
|
|
|
|
|
|
|
|
|
– number of shares outstanding |
|
33’835’903 |
|
34’021’446 |
|
33’950’499 |
|
34’043’093 |
|
34’084’909 |
|
– in millions of CHF |
|
3’150 |
|
3’674 |
|
2’650 |
|
4’024 |
|
3’579 |
|
– in percentage of equity |
|
224% |
|
232% |
|
163% |
|
240% |
|
226% |
|
|
|
|
|
|
|
|
|
|
|
|
|
P/E ratio as of December 31 |
|
37.8x |
|
23.9x |
|
21.9x |
|
48.4x |
|
60.6x |
|
Dividend yield as of December 31 |
|
4.3% |
|
3.7% |
|
4.5% |
|
3.0% |
|
3.3% |
Data per share
|
CHF |
|
2020 |
|
2019 |
|
2018 |
|
2017 |
|
2016 |
|
Net income attributable to a shareholder of Sulzer Ltd |
|
2.46 |
|
4.52 |
|
3.56 |
|
2.44 |
|
1.73 |
|
Change from prior year |
|
–46% |
|
27% |
|
46% |
|
41% |
|
–20% |
|
Equity attributable to a shareholder of Sulzer Ltd |
|
41.50 |
|
46.50 |
|
48.00 |
|
49.40 |
|
46.40 |
|
Ordinary dividend |
|
4.00 1) |
|
4.00 |
|
3.50 |
|
3.50 |
|
3.50 |
|
Payout ratio |
|
163% |
|
88% |
|
98% |
|
143% |
|
202% |
|
Average number of shares outstanding |
|
33’970’141 |
|
34’026’442 |
|
31’934’459 |
|
34’084’133 |
|
34’102’610 |
1) Proposal to the Annual General Meeting.
Shareholder structure as of December 31, 2020
|
Number of shares |
|
Number of shareholders |
|
Shareholding |
|
1–100 |
|
4’184 |
|
0.7% |
|
101–1’000 |
|
5’467 |
|
5.2% |
|
1’001–10’000 |
|
640 |
|
5.1% |
|
10’001–100’000 |
|
97 |
|
8.8% |
|
More than 100’000 |
|
15 |
|
58.3% |
|
Total registered shareholders and shares (excluding treasury shares Sulzer Ltd) |
|
10’403 |
|
78.0% |