Supplementary information
Alternative performance measures (APM)
The financial information included in this report includes certain Alternative performance measures (APMs), which are not accounting measures as defined by IFRS. These APMs should not be used instead of, or considered as alternatives to, the group’s consolidated financial results based on IFRS. These APMs may not be comparable to similarly titled measures disclosed by other companies. All APMs presented in this report relate to the performance of the current reporting period and comparative periods. This section should be read in conjunction with the information provided in the “Supplementary information” disclosure in the Sulzer Annual Report 2024.
Certain APMs previously disclosed are no longer presented as APMs in 2025. These APMs are “Operating Profit”, “Operating Profitability”, “Operational ROCEA”, “Capital employed” and "EBIT Margin". The definitions of these APMs are deleted from the “Supplementary information” section.
Additionally, “EBITDA margin” has been introduced as a new APM.
Definition of alternative performance measures (APM)
EBITDA margin
EBITDA margin measures EBITDA relative to sales. EBITDA margin is calculated by dividing EBITDA by sales.
Reconciliation statements for alternative performance measures (APM)
For reconciliation statements of core net income, EBITDA and free cash flow, please refer to the section “Financial review”.