3Segment information

Segment information by divisions

 

 

Flow Equipment

 

Services

 

Chemtech

in Mio. CHF

 

2022

 

2021

 

2022

 

2021

 

2022

 

2021

Bestellungseingang (untestiert) 1)

 

1’419.2

 

1’324.7

 

1’171.3

 

1’163.4

 

834.9

 

679.5

Wachstum nominal (untestiert)

 

7.1%

 

2.1%

 

0.7%

 

2.9%

 

22.9%

 

9.5%

Wachstum währungsbereinigt (untestiert)

 

9.4%

 

1.8%

 

1.8%

 

2.8%

 

21.7%

 

8.8%

Wachstum organisch 2) (untestiert)

 

8.9%

 

–3.9%

 

1.6%

 

2.0%

 

22.5%

 

8.8%

 

 

 

 

 

 

 

 

 

 

 

 

 

Auftragsbestand am 31. Dezember (untestiert)

 

850.1

 

811.5

 

492.9

 

479.5

 

501.7

 

433.2

 

 

 

 

 

 

 

 

 

 

 

 

 

Umsatz, zu einem Zeitpunkt realisiert

 

843.4

 

993.5

 

825.9

 

898.8

 

357.5

 

377.0

Umsatz, über einen Zeitraum realisiert

 

479.5

 

395.5

 

291.1

 

219.0

 

382.4

 

271.6

Total Umsatz 3)

 

1’323.0

 

1’389.0

 

1’117.0

 

1’117.7

 

739.9

 

648.5

Wachstum nominal

 

–4.8%

 

7.1%

 

–0.1%

 

3.7%

 

14.1%

 

9.4%

Wachstum währungsbereinigt (untestiert)

 

–3.1%

 

6.9%

 

0.8%

 

3.5%

 

12.9%

 

8.4%

Wachstum organisch 2) (untestiert)

 

–3.4%

 

2.0%

 

0.7%

 

2.7%

 

14.8%

 

8.4%

 

 

 

 

 

 

 

 

 

 

 

 

 

Operationelles Ergebnis (untestiert)

 

87.4

 

81.4

 

159.0

 

158.7

 

80.0

 

64.8

Operationelle Profitabilität (untestiert)

 

6.6%

 

5.9%

 

14.2%

 

14.2%

 

10.8%

 

10.0%

 

 

 

 

 

 

 

 

 

 

 

 

 

Restrukturierungskosten

 

0.3

 

–7.5

 

–1.3

 

–0.6

 

0.8

 

–1.3

Amortisation

 

–26.7

 

–38.1

 

–4.4

 

–4.9

 

–6.9

 

–6.7

Wertminderungen von immateriellen Anlagen und Sachanlagen

 

–8.0

 

–0.9

 

–24.2

 

–2.8

 

–12.3

 

–0.5

Nicht operative Positionen (untestiert)

 

–20.4

 

0.1

 

–75.1

 

–2.3

 

–23.4

 

–2.7

EBIT

 

32.6

 

35.1

 

54.0

 

148.2

 

38.3

 

53.6

 

 

 

 

 

 

 

 

 

 

 

 

 

Abschreibungen

 

–30.4

 

–33.4

 

–29.0

 

–31.5

 

–13.4

 

–12.8

 

 

 

 

 

 

 

 

 

 

 

 

 

Betriebliche Aktiven

 

1’554.1

 

1’573.9

 

980.0

 

939.5

 

579.7

 

552.8

Nicht zugeordnete Aktiven

 

 

 

 

 

 

Total Aktiven am 31. Dezember

 

1’554.1

 

1’573.9

 

980.0

 

939.5

 

579.7

 

552.8

 

 

 

 

 

 

 

 

 

 

 

 

 

Betriebliches Fremdkapital

 

730.9

 

745.0

 

456.4

 

403.3

 

439.8

 

404.0

Nicht zugeordnetes Fremdkapital

 

 

 

 

 

 

Total Fremdkapital am 31. Dezember

 

730.9

 

745.0

 

456.4

 

403.3

 

439.8

 

404.0

 

 

 

 

 

 

 

 

 

 

 

 

 

Betriebliche Nettoaktiven

 

823.2

 

829.0

 

523.7

 

536.2

 

139.9

 

148.7

Nicht zugeordnete Nettoaktiven

 

 

 

 

 

 

Total Nettoaktiven am 31. Dezember

 

823.2

 

829.0

 

523.7

 

536.2

 

139.9

 

148.7

 

 

 

 

 

 

 

 

 

 

 

 

 

N/A

 

–37.9

 

–33.9

 

–42.0

 

–57.1

 

–16.8

 

–20.7

 

 

 

 

 

 

 

 

 

 

 

 

 

Mitarbeitende (Anzahl Vollzeitstellen) am 31. Dezember

 

5’263

 

5’325

 

4’559

 

4’571

 

2’852

 

3’734

1) Bestellungseingang von Drittkunden.

2) Bereinigt um Währungs- und Akquisitionseffekte.

3) Umsatz mit Drittkunden.

Segment information by divisions

 

 

Total Divisionen

 

Übrige 4)

 

Total Sulzer

in Mio. CHF

 

2022

 

2021

 

2022

 

2021

 

2022

 

2021

Bestellungseingang (untestiert) 1)

 

3’425.4

 

3’167.6

 

 

 

3’425.4

 

3’167.6

Wachstum nominal (untestiert)

 

8.1%

 

3.9%

 

 

 

8.1%

 

3.9%

Wachstum währungsbereinigt (untestiert)

 

9.2%

 

3.6%

 

 

 

9.2%

 

3.6%

Wachstum organisch 2) (untestiert)

 

9.1%

 

0.9%

 

 

 

9.1%

 

0.9%

 

 

 

 

 

 

 

 

 

 

 

 

 

Auftragsbestand am 31. Dezember (untestiert)

 

1’844.7

 

1’724.1

 

 

 

1’844.7

 

1’724.1

 

 

 

 

 

 

 

 

 

 

 

 

 

Umsatz, zu einem Zeitpunkt realisiert

 

2’026.8

 

2’269.3

 

 

 

2’026.8

 

2’269.3

Umsatz, über einen Zeitraum realisiert

 

1’153.1

 

886.0

 

 

 

1’153.1

 

886.0

Umsatz 3)

 

3’179.9

 

3’155.3

 

 

 

3’179.9

 

3’155.3

Wachstum nominal

 

0.8%

 

6.3%

 

 

 

0.8%

 

6.3%

Wachstum währungsbereinigt (untestiert)

 

1.6%

 

6.0%

 

 

 

1.6%

 

6.0%

Wachstum organisch 2) (untestiert)

 

1.8%

 

3.5%

 

 

 

1.8%

 

3.5%

 

 

 

 

 

 

 

 

 

 

 

 

 

Operationelles Ergebnis (untestiert)

 

326.4

 

304.9

 

–8.8

 

–11.6

 

317.6

 

293.3

Operationelle Profitabilität (untestiert)

 

10.3%

 

9.7%

 

n/a

 

n/a

 

10.0%

 

9.3%

 

 

 

 

 

 

 

 

 

 

 

 

 

Restrukturierungskosten

 

–0.1

 

–9.4

 

0.0

 

–0.0

 

–0.1

 

–9.5

Amortisation

 

–38.0

 

–49.6

 

–0.8

 

–0.6

 

–38.8

 

–50.2

Wertminderungen von immateriellen Anlagen und Sachanlagen

 

–44.5

 

–4.2

 

 

 

–44.5

 

–4.2

Nicht operative Positionen (untestiert)

 

–119.0

 

–4.8

 

–3.8

 

–2.9

 

–122.8

 

–7.7

EBIT

 

124.8

 

236.9

 

–13.5

 

–15.0

 

111.4

 

221.8

 

 

 

 

 

 

 

 

 

 

 

 

 

Abschreibungen

 

–72.8

 

–77.7

 

–3.2

 

–3.3

 

–76.0

 

–81.0

 

 

 

 

 

 

 

 

 

 

 

 

 

Betriebliche Aktiven

 

3’113.8

 

3’066.2

 

–47.5

 

180.3

 

3’066.3

 

3’246.5

Nicht zugeordnete Aktiven

 

 

 

1’553.8

 

1’763.9

 

1’553.8

 

1’763.9

Total Aktiven am 31. Dezember

 

3’113.8

 

3’066.2

 

1’506.4

 

1’944.3

 

4’620.2

 

5’010.4

 

 

 

 

 

 

 

 

 

 

 

 

 

Betriebliches Fremdkapital

 

1’627.0

 

1’552.3

 

8.0

 

196.8

 

1’635.0

 

1’749.1

Nicht zugeordnetes Fremdkapital

 

 

 

1’956.5

 

1’982.0

 

1’956.5

 

1’982.0

Total Fremdkapital am 31. Dezember

 

1’627.0

 

1’552.3

 

1’964.5

 

2’178.8

 

3’591.5

 

3’731.1

 

 

 

 

 

 

 

 

 

 

 

 

 

Betriebliche Nettoaktiven

 

1’486.8

 

1’513.9

 

–55.5

 

–16.4

 

1’431.4

 

1’497.5

Nicht zugeordnete Nettoaktiven

 

 

 

–402.7

 

–218.1

 

–402.7

 

–218.1

Total Nettoaktiven am 31. Dezember

 

1’486.8

 

1’513.9

 

–458.2

 

–234.6

 

1’028.6

 

1’279.3

 

 

 

 

 

 

 

 

 

 

 

 

 

N/A

 

–96.7

 

–111.7

 

–3.3

 

–7.7

 

–100.0

 

–119.4

 

 

 

 

 

 

 

 

 

 

 

 

 

Mitarbeitende (Anzahl Vollzeitstellen) am 31. Dezember

 

12’674

 

13’631

 

194

 

185

 

12’868

 

13’816

1) Bestellungseingang von Drittkunden.

2) Bereinigt um Währungs- und Akquisitionseffekte (siehe Anhang 34.26 für Berechnungsgrundlage).

3) Umsatz mit Drittkunden.

4) Die wesentlichsten Aktivitäten, die unter „Übrige“ zusammengefasst werden, betreffen das Corporate Center.

For the definition of operational profit from continuing operations, operational profitability from continuing operations, currency-adjusted growth and organic growth, reference is made to the section “Supplementary information” and for the reconciliation statements to the section “Financial review”.

Information about reportable segments

Operating segments are determined based on the reports reviewed by the Chief Executive Officer that are used to measure performance, make strategic decisions and allocate resources to the segments. The business is managed on a divisional basis and the reported segments have been identified as follows:

Flow Equipment

The Flow Equipment division (renamed in 2021 from Pumps Equipment) specializes in pumping solutions specifically engineered for the processes of its customers. The division provides pumps, agitators, compressors, grinders, screens and filters developed through intensive research and development in fluid dynamics and advanced materials. The focus is on pumping solutions for water, oil and gas, power, chemicals and most industrial segments.

Services

The Services division (renamed in 2021 from Rotating Equipment Services) provides cutting-edge parts as well as maintenance and repair solutions for pumps, turbines, compressors, motors and generators, through a network of over 100 service sites around the world. The division services Sulzer original equipment, but also all associated third-party rotating equipment run by the customers, maximizing its sustainability and life-cycle cost-effectiveness. The division’s technology-based solutions, fast execution and expertise in complex maintenance projects are available at its customers’ doorsteps.

Chemtech

The Chemtech division focuses on innovative mass transfer, static mixing and polymer solutions for chemicals, petrochemicals, refining and LNG. Chemtech also provides ecological solutions such as bio-based chemicals, polymers and fuels, recycling technologies for textiles and plastic as well as carbon capture and utilization/storage, contributing to a circular and sustainable economy. The division’s product offering ranges from process components to complete process plants and technology licensing.

Others

Certain expenses related to the Corporate Center are not attributable to a particular segment and are reviewed as a whole across the group. Also included are the eliminations for operating assets and liabilities.

The Chief Executive Officer primarily uses operational profit to assess the performance of the operating segments. However, the Chief Executive Officer also receives information about the segments’ order intake and backlog, sales, and operating assets and liabilities on a monthly basis.

Sales from external customers reported to the Chief Executive Officer are measured in a manner consistent with that in the income statement. There are no significant sales between the segments. No individual customer represents a significant portion of the group’s sales.

Operating assets and liabilities are assets or liabilities related to the operating activities of an entity and contributing to the EBIT.

Segment information by region

The allocation of assets is based on their geographical location. Non-current assets exclude deferred income tax assets, non-current receivables, defined benefit assets and other non-current financial assets. The allocation of sales from external customers is based on the location of the customer.

Non-current assets by region

in Mio. CHF

 

2022

 

2021

Europa, Naher Osten, Afrika

 

853.5

 

941.9

N/A

 

220.5

 

201.5

N/A

 

180.1

 

203.0

N/A

 

125.7

 

162.2

N/A

 

114.6

 

109.0

N/A

 

84.6

 

100.8

 

 

 

 

 

Amerika

 

413.4

 

425.9

N/A

 

376.6

 

390.3

 

 

 

 

 

Asien-Pazifik

 

136.7

 

144.6

N/A

 

52.4

 

53.6

 

 

 

 

 

Total

 

1’403.6

 

1’512.4

Sales by region

 

 

2022

in Mio. CHF

 

Flow Equipment

 

Services

 

Chemtech

 

Total Sulzer

Europa, Naher Osten, Afrika

 

602.0

 

439.9

 

166.0

 

1’207.9

– davon Grossbritannien

 

36.3

 

112.9

 

15.7

 

164.9

– davon Deutschland

 

87.8

 

43.1

 

17.0

 

147.9

– davon Saudi Arabien

 

66.3

 

23.7

 

20.3

 

110.3

– davon Frankreich

 

32.3

 

31.3

 

8.6

 

72.2

– davon Russland

 

31.2

 

23.2

 

14.0

 

68.4

 

 

 

 

 

 

 

 

 

Amerika

 

420.9

 

525.5

 

196.4

 

1’142.8

– davon USA

 

223.6

 

397.1

 

141.3

 

761.9

 

 

 

 

 

 

 

 

 

Asien-Pazifik

 

300.1

 

151.6

 

377.5

 

829.2

– davon China

 

202.2

 

28.3

 

254.6

 

485.1

 

 

 

 

 

 

 

 

 

Total

 

1’323.0

 

1’117.0

 

739.9

 

3’179.9

 

 

2021

in Mio. CHF

 

Flow Equipment

 

Services

 

Chemtech

 

Total Sulzer

Europa, Naher Osten, Afrika

 

671.8

 

485.6

 

140.0

 

1’297.5

– davon Grossbritannien

 

25.7

 

112.1

 

5.3

 

143.1

– davon Deutschland

 

65.6

 

55.7

 

26.7

 

148.0

– davon Saudi Arabien

 

118.7

 

25.4

 

15.2

 

159.3

– davon Frankreich

 

27.3

 

30.8

 

9.1

 

67.2

– davon Russland

 

34.2

 

35.6

 

15.9

 

85.6

 

 

 

 

 

 

 

 

 

Amerika

 

386.0

 

473.5

 

118.6

 

978.1

– davon USA

 

236.0

 

368.3

 

63.0

 

667.4

 

 

 

 

 

 

 

 

 

Asien-Pazifik

 

331.1

 

158.6

 

390.0

 

879.7

– davon China

 

227.3

 

30.7

 

265.8

 

523.7

 

 

 

 

 

 

 

 

 

Total

 

1’389.0

 

1’117.7

 

648.5

 

3’155.3

Segment information by market segment

The following table shows the allocation of sales from external customers by market segment. 

Sales by market segment – Flow Equipment

in Mio. CHF

 

2022

 

2021

 

 

453.4

 

507.9

 

 

489.8

 

497.0

 

 

379.7

 

384.1

 

 

1’323.0

 

1’389.0

Sales by market segment – Services

in Mio. CHF

 

2022

 

2021

 

 

593.7

 

601.0

 

 

523.4

 

516.7

 

 

1’117.0

 

1’117.7

Sales by market segment – Chemtech

in Mio. CHF

 

2022

 

2021

 

 

398.4

 

366.4

 

 

130.4

 

128.1

 

 

108.5

 

96.7

 

 

73.9

 

38.3

 

 

28.6

 

19.1

 

 

739.9

 

648.5