Five-year summaries of key financial data

Key figures from consolidated income statement and statement of cash flows1)

millions of CHF

 

2023

 

2022

 

2021

 

2020 2)

 

2019 2)

Order intake

 

3’580.3

 

3’425.4

 

3’167.6

 

3’049.2

 

3’322.1

Currency-adjusted growth order intake

 

12.6%

 

9.2%

 

3.6%

 

–1.1%

 

n/a

Order intake gross margin

 

33.9%

 

33.5%

 

33.1%

 

32.6%

 

32.0%

Order backlog

 

1’946.8

 

1’844.7

 

1’724.1

 

1’676.8

 

1’731.8

Sales

 

3’281.7

 

3’179.9

 

3’155.3

 

2’967.8

 

3’307.9

Operating income (EBIT)

 

329.7

 

111.4

 

221.8

 

132.5

 

202.8

Operational profit

 

365.6

 

317.6

 

293.3

 

255.0

 

283.1

Operational profitability

 

11.1%

 

10.0%

 

9.3%

 

8.6%

 

8.6%

Net income attributable to shareholders of Sulzer Ltd

 

229.1

 

28.6

 

1’416.7

 

83.6

 

154.0

– in percentage of equity attributable to shareholders of Sulzer Ltd (ROE)

 

20.9%

 

2.8%

 

111.2%

 

6.0%

 

9.7%

Basic earnings per share (in CHF)

 

6.76

 

0.85

 

41.93

 

2.46

 

4.52

Depreciation

 

–71.4

 

–76.0

 

–81.0

 

–78.3

 

–79.7

Amortization

 

–36.6

 

–38.8

 

–50.2

 

–46.7

 

–45.5

Impairments of tangible and intangible assets

 

–0.2

 

–44.5

 

–4.2

 

–9.4

 

–3.1

Research and development expenses

 

–70.8

 

–66.4

 

–64.4

 

–63.8

 

–62.7

Personnel expenses

 

–1’030.8

 

–1’002.4

 

–1’018.1

 

–1’014.4

 

–1’078.7

Capital expenditure (incl. lease assets)

 

–103.1

 

–100.0

 

–119.4

 

–88.0

 

–100.8

Free cash flow (FCF)

 

301.3

 

58.3

 

210.5

 

262.6

 

156.8

FCF conversion (free cash flow/net income)

 

1.31

 

2.08

 

1.50

 

3.67

 

1.18

Employees (number of full-time equivalents) as of December 31

 

13’130

 

12’868

 

13’816

 

13’197

 

14’685

1) The comparatives are based on the foreign currency exchange rates of the respective year and are not adjusted for changes in currency exchange rates.

2) Comparative information has been re-presented due to discontinued operations in 2021.

Key figures from consolidated balance sheet1)

millions of CHF

 

2023

 

2022

 

2021

 

2020 2)

 

2019

Non-current assets

 

1’685.9

 

1’584.2

 

1’834.2

 

2’279.9

 

2’172.0

– thereof property, plant and equipment

 

348.2

 

360.5

 

394.0

 

545.3

 

544.4

Current assets

 

2’683.5

 

3’036.0

 

3’176.2

 

3’087.1

 

2’937.5

– thereof cash and cash equivalents

 

974.7

 

1’196.3

 

1’505.4

 

1’123.2

 

1’035.5

Total assets

 

4’369.5

 

4’620.2

 

5’010.4

 

5’367.0

 

5’109.5

Equity attributable to shareholders of Sulzer Ltd

 

1’095.4

 

1’024.3

 

1’273.8

 

1’404.3

 

1’580.7

Non-current liabilities

 

1’125.3

 

1’348.6

 

1’568.8

 

1’976.0

 

1’644.1

– thereof non-current borrowings

 

795.2

 

1’043.9

 

1’164.6

 

1’491.3

 

1’199.2

– thereof non-current lease liabilities

 

69.0

 

67.2

 

64.5

 

90.2

 

82.3

Current liabilities

 

2’145.6

 

2’242.9

 

2’162.3

 

1’973.8

 

1’871.5

– thereof current borrowings

 

261.1

 

311.4

 

345.5

 

231.8

 

131.0

– thereof current lease liabilities

 

23.9

 

22.4

 

24.3

 

29.5

 

27.4

 

 

 

 

 

 

 

 

 

 

 

Net debt

 

172.3

 

234.6

 

66.8

 

414.5

 

346.9

Net debt/EBITDA ratio

 

0.39

 

0.87

 

0.15

 

1.26

 

0.84

Equity ratio 3)

 

25.1%

 

22.2%

 

25.4%

 

26.1%

 

30.9%

1) The comparatives are based on the foreign currency exchange rates of the respective year and are not adjusted for changes in currency exchange rates.

2) Comparative information has been re-presented due to discontinued operations in 2021. The balance sheet as of December 31, 2020, has been adjusted following the finalization of the purchase price accounting and measurement period adjustments related to acquisitions in 2020. Defined benefit assets are presented as non-current assets and comparative information is re-presented.

3) Equity attributable to shareholders of Sulzer Ltd in relation to total assets.