Sulzer: 9-Month Order Intake CHF2.28 Billion, Down 32%
19 Octobre 2009 - 7:40AM
Dow Jones News
Swiss industrial company Sulzer AG (SUN.EB) Monday reported a
nine-month order intake of 2.28 billion Swiss francs ($2.23
billion), down 32% compared with CHF3.33 billion a year ago, and
said it sees lower full-year orders.
MAIN FACTS:
- The adjusted decrease is 29%.
- The activity levels in most of Sulzer's key markets were
clearly below the level of the previous year's period. In recent
months the order intake level showed some stabilization.
- For the full year, Sulzer expects a substantially lower order
intake compared to the high level of 2008.
- The oil and gas - or upstream - as well as the hydrocarbon
processing industries - oil and gas downstream - were particularly
affected by the decline.
- The power generation industry remained relatively robust, but
started to soften as expected.
- Demand in the automotive market was low and the aviation
industry also started to show some weakness.
Company Web site: http://www.sulzer.com
-Zurich Bureau, Dow Jones Newswires; +41 43 443 8040;
zurichdjnews@dowjones.com