Resilient performance
Sulzer’s order intake remained strong in the first half of 2020 despite a significant COVID-19 impact. Compared with the same period of the prior year, order intake grew by 1.7% on good demand in Rotating Equipment Services and Pumps Equipment. Sales decreased by 3.9% due to lockdowns. The lower sales volume led to a decrease in operational EBITA and an operational ROSA of 7.5%. Sulzer took decisive measures early on to mitigate the impact of market disruptions.
If not otherwise indicated, changes from the previous year are based on currency-adjusted figures.
Key figures (January 1 – June 30)
|
millions of CHF |
|
2020 |
|
2019 |
|
Change in +/–% |
|
+/–% adjusted 1) |
|
+/–% organic 2) |
|
Order intake |
|
1’840.5 |
|
1’933.3 |
|
–4.8 |
|
1.7 |
|
–0.6 |
|
Order intake gross margin |
|
33.3% |
|
33.8% |
|
|
|
|
|
|
|
Order backlog as of June 30/ December 31 |
|
1’946.2 |
|
1’792.6 |
|
8.6 |
|
|
|
|
|
Sales |
|
1’598.5 |
|
1’773.8 |
|
–9.9 |
|
–3.9 |
|
–5.5 |
|
EBIT |
|
36.0 |
|
98.9 |
|
–63.6 |
|
|
|
|
|
opEBITA |
|
120.2 |
|
161.5 |
|
–25.6 |
|
–20.5 |
|
–22.5 |
|
opROSA |
|
7.5% |
|
9.1% |
|
|
|
|
|
|
|
Core net income |
|
81.5 |
|
114.7 |
|
–28.9 |
|
|
|
|
|
Net income attributable to shareholders of Sulzer Ltd |
|
15.4 |
|
65.1 |
|
–76.3 |
|
|
|
|
|
Basic earnings per share |
|
0.5 |
|
1.9 |
|
–76.3 |
|
|
|
|
|
Free cash flow |
|
36.8 |
|
–7.8 |
|
n/a |
|
|
|
|
|
Net debt as of June 30/ December 31 |
|
474.6 |
|
346.9 |
|
36.8 |
|
|
|
|
|
Employees (number of full-time equivalents) as of June 30/ December 31 |
|
15’600 |
|
16’506 |
|
–5.5 |
|
|
|
|
1) Adjusted for currency effects.
2) Adjusted for acquisition and currency effects.
