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.