Currency-Adjusted Sales and Operational EBITA Remained Stable
26 July 2016
In the first half of 2016, sales, operational EBITA, and operational ROSA remained stable. Order intake, impacted by oil and gas market headwinds, decreased, but increased by 8% sequentially in the second quarter of 2016. Significant savings from the Sulzer Full Potential (SFP) programme offset the impact from market headwinds.
For the full year 2016, Sulzer is updating its guidance on order intake. The updated guidance indicates that order intake will be at the higher end of the previously communicated range of -5% to -10%, now closer to -5%. The company confirms its guidance on sales (-5% to -10%) and operational EBITA margin (approximately 8%).