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United States

Sulzer AG (SUN.S)

SUN.S on Swiss Exchange

119.70CHF
15 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Sulzer's planned acquisition of Simcro cancelled‍​
Tuesday, 21 Nov 2017 01:04am EST 

Nov 21 (Reuters) - SULZER AG ::SULZER'S PLANNED ACQUISITION OF SIMCRO CANCELLED‍​.ACQUISITION OF SIMCRO COULD NOT BE COMPLETED AND SHARE PURCHASE AGREEMENT WAS CANCELLED.REGULATORY APPROVAL BY NEW ZEALAND AUTHORITIES COULD NOT BE OBTAINED IN REQUIRED TIMEFRAME.  Full Article

Sulzer appoints Jill Lee as Chief Financial Officer
Monday, 20 Nov 2017 01:05am EST 

Nov 20 (Reuters) - SULZER AG ::APPOINTS JILL LEE AS CHIEF FINANCIAL OFFICER, EFFECTIVE ON APRIL 5, 2018‍​.JILL WILL REPLACE THOMAS DITTRICH.THOMAS DITTRICH WILL REMAIN WITH SULZER UNTIL MARCH 2018.  Full Article

Sulzer raises order intake guidance for FY
Thursday, 26 Oct 2017 12:56am EDT 

Oct 26 (Reuters) - SULZER AG :FOR THE FULL YEAR 2017, SULZER IS UPDATING ITS GUIDANCE ON ORDER INTAKE‍​.ACCORDING TO UPDATED GUIDANCE, FY ORDER INTAKE IS EXPECTED TO GROW BY 10 TO 12%.CONFIRMS FY GUIDANCE ON SALES AND OPERATIONAL EBITA MARGIN.9MTH CURRENCY-ADJUSTED ORDER INTAKE INCREASED 15.3%, OF WHICH 3.7% WAS ORGANIC AND 11.6% CAME FROM ACQUISITIONS ‍​.9MTH ORDER INTAKE AT 2.38 BILLION SWISS FRANCS.EXPECTS TO REACH ADDITIONAL SFP SAVINGS OF CHF 40 TO 60 MILLION IN 2017.CONFIRMS ITS GOAL OF CUMULATIVE SAVINGS OF CHF 200 MILLION FROM 2018 ONWARDS.  Full Article

Sulzer signed binding agreement to acquire Transcodent
Friday, 15 Sep 2017 01:00am EDT 

Sept 15 (Reuters) - SULZER AG ::SIGNED A BINDING AGREEMENT TO ACQUIRE TRANSCODENT.TRANSCODENT, HEADQUARTERED IN KIEL, GERMANY, IS EXPECTED TO ACHIEVE REVENUES OF EUR 17 MILLION IN 2017.INCLUDING SYNERGIES, SULZER PAYS AN EV/EBITDA MULTIPLE BELOW 10X.TRANSACTION IS EXPECTED TO CLOSE IN THE THIRD QUARTER OF 2017.TRANSCODENT CURRENT MANAGEMENT TEAM AGREED TO JOIN SULZER TO CONTINUE TO DEVELOP THE DENTAL SEGMENT.  Full Article

Sulzer says HY order intake increased by 12.5 pct
Thursday, 27 Jul 2017 12:12am EDT 

July 27 (Reuters) - Sulzer Ag :Sulzer AG HY order intake increased by 12.5%, of which 1.9% was organic and 10.6% (CHF 150 million) came from acquisitions .Hy sales increased by 3.7% but declined organically by 6.7% on a lower opening order backlog.Sulzer AG says HY EPS CHF 1.08.Hy operational ROSA of 7.4% increased by 30 basis points.Sulzer AG says for the full year 2017, Sulzer is updating its guidance on order intake.Sulzer AG says for updated guidance indicates that order intake is expected to grow by 7 to 10%..Confirms FY 2017 guidance on sales and operational ebita margin, sales to grow by 3 to 5% in FY.  Full Article

Sulzer expands GEKA Site in Bechhofen
Monday, 17 Jul 2017 01:01am EDT 

July 17 (Reuters) - SULZER AG ::EXPANDS GEKA SITE IN BECHHOFEN AND GENERATES MORE THAN 250 NEW JOBS.  Full Article

Sulzer: Sulzer Mixpac takes further legal actions to protect its products from copying in China
Wednesday, 14 Jun 2017 01:50am EDT 

June 14 (Reuters) - SULZER AG ::SULZER MIXPAC LTD. (SULZER) ANNOUNCED TODAY THAT IT HAS TAKEN FURTHER LEGAL ACTIONS TO PROTECT ITS PRODUCTS FROM COPYING IN CHINA.  Full Article

Sulzer to acquire Simcro
Wednesday, 17 May 2017 01:10am EDT 

May 17 (Reuters) - SULZER AG ::TO ACQUIRE SIMCRO, A GLOBAL PROVIDER OF ANIMAL HEALTH PHARMACEUTICAL DELIVERY DEVICES.THE ENTERPRISE VALUE IS NZD 132 MILLION (CHF 90 MILLION).SIMCRO, NEW ZEALAND, IS EXPECTED TO ACHIEVE REVENUES OF CHF 35 MILLION AND AN EBITDA MARGIN OF 27% IN 2017.  Full Article

Sulzer to supply key safety pumps for Kilpilahti power plant
Thursday, 4 May 2017 02:12am EDT 

May 4 (Reuters) - Sulzer Ag :To supply key safety pumps for Kilpilahti power plant.Orders comprise 12 Feedwater pumps and 11 Ahlstar pumps, which will be manufactured by Sulzer in Germany and Finland respectively.In addition, Sulzer won an order from valmet for 11 Ahlstartm centrifugal pumps, which are going to be installed at same power plant .  Full Article

Sulzer confirms 2017 outlook, Q1 order intake CHF 757.6 mln
Thursday, 27 Apr 2017 01:07am EDT 

April 27 (Reuters) - Sulzer AG ::In the first quarter of 2017, achieved an order intake of 757.6 million Swiss francs ($762.79 million) compared with 684.6 million francs in the same period of the previous year.Order intake increased in all divisions with the exception of Chemtech.Outlook 2017 confirmed.In the second quarter, Sulzer expects to close its acquisition of a controlling stake in Rotec’S gas turbine maintenance business (Rotec GT).  Full Article

BRIEF-Sulzer's planned acquisition of Simcro cancelled‍​

* ACQUISITION OF SIMCRO COULD NOT BE COMPLETED AND SHARE PURCHASE AGREEMENT WAS CANCELLED