Edition:
United States

Sulzer AG (SUN.S)

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Latest Key Developments (Source: Significant Developments)

Sulzer Acquires Petrochemical Industry Technology Provider GTC
Thursday, 2 May 2019 12:45am EDT 

May 2 (Reuters) - Sulzer AG ::SULZER STRENGTHENS ITS CHEMTECH BUSINESS THROUGH THE ACQUISITION OF GTC, A LEADING TECHNOLOGY PROVIDER FOR THE PETROCHEMICAL INDUSTRY.ENTERPRISE VALUE IS USD 39 MILLION.  Full Article

Sulzer: ArcelorMittal Appoints Sulzer Chemtech To Provide Distillation Equipment To Steel Production Plant In Belgium
Tuesday, 8 Jan 2019 02:36am EST 

Jan 8 (Reuters) - SULZER AG ::SULZER CHEMTECH WAS APPOINTED BY ARCELORMITTAL TO PROVIDE DISTILLATION EQUIPMENT TO ITS STEEL PRODUCTION PLANT IN GENT, BELGIUM.  Full Article

Sulzer: Placement Of Sulzer Treasury Shares Initiated
Tuesday, 18 Sep 2018 12:14pm EDT 

Sept 18 (Reuters) - Sulzer AG ::PLACEMENT OF SULZER TREASURY SHARES INITIATED.PRICE OF PLACED SHARES WILL BE DETERMINED IN AN ACCELERATED BOOKBUILDING PROCEDURE.  Full Article

Sulzer to pay for Renova shares only after U.S. sanctions lifted
Monday, 9 Apr 2018 02:59am EDT 

April 9 (Reuters) - Sulzer AG ::SULZER SAYS TO PAY FOR 5 MILLION SULZER SHARES IT IS GETTING FROM INVESTOR VEKSELBERG'S RENOVA ONLY AFTER U.S. SANCTIONS LIFTED.  Full Article

Sulzer FY OpEBITA Up 5% At CHF 255.4 Mln
Wednesday, 28 Feb 2018 12:39am EST 

Feb 28 (Reuters) - Sulzer AG ::FY SALES AMOUNTED TO CHF 3,049.0 MILLION – AN INCREASE OF 5.2% (NOMINAL: 6.0%) .RISE IN SALES WAS DRIVEN BY CHF 276.4 MILLION OF ACQUISITION-RELATED SALES, WHICH OFFSET AN ORGANIC SALES DECLINE OF 4.4%.FY OPERATIONAL EBITA (OPEBITA) AMOUNTED TO CHF 255.4 MILLION COMPARED WITH CHF 238.9 MILLION IN 2016, AN INCREASE OF 5.3% (NOMINAL 6.9%).POSITIVE IMPACT OF THE SULZER FULL POTENTIAL (SFP) PROGRAM MORE THAN COMPENSATED FOR CONTINUING MARKET HEADWINDS.PROGRAM WILL BE EXTENDED BY A YEAR AND THE TOTAL SAVINGS TARGET INCREASED TO CHF 230 MILLION .TO PROPOSE AN UNCHANGED ORDINARY DIVIDEND OF CHF 3.50 AT THE ANNUAL GENERAL MEETING .FOR THE FULL YEAR 2018, INCLUDING ACQUISITIONS SIGNED IN 2017 AND ADJUSTED FOR CURRENCY EFFECTS, ORDER INTAKE IS EXPECTED TO GROW BY 5 TO 7% AND SALES TO GROW BY 4 TO 6%.EXPECTS OPEBITA MARGIN AT AROUND 9.5% (OPEBITA IN PERCENT OF SALES) FOR 2018.AS PREVIOUSLY ANNOUNCED, THOMAS DITTRICH WILL STEP DOWN AS CFO AND BE REPLACED BY CURRENT BOARD MEMBER AND MEMBER OF THE AUDIT COMMITTEE JILL LEE ON APRIL 5, 2018.THOMAS WILL DEPART SULZER ON MARCH 18, 2018.APPOINTS SULZER’S CEO GREG POUX-GUILLAUME AD INTERIM CFO FOR THE TRANSITION PERIOD, IN ADDITION TO HIS EXISTING DUTIES.  Full Article

SGL Carbon: Sulzer Chemtech And SGL Group Extend Cooperation Related To Column Internals‍​
Wednesday, 31 Jan 2018 05:04am EST 

Jan 31 (Reuters) - SGL CARBON SE ::SULZER CHEMTECH AND SGL GROUP EXTEND THEIR COOPERATION RELATED TO COLUMN INTERNALS‍​.  Full Article

Sulzer To Acquire JWC Environmental, Supplier Of Municipal And Industrial Wastewater Equipment
Thursday, 21 Dec 2017 12:56am EST 

Dec 21 (Reuters) - SULZER AG ::TO ACQUIRE JWC ENVIRONMENTAL, LLC, SUPPLIER OF MUNICIPAL AND INDUSTRIAL WASTEWATER EQUIPMENT.ENTERPRISE VALUE IS USD 215 MILLION (CHF 212 MILLION).TRANSACTION IS EXPECTED TO CLOSE IN THE FIRST QUARTER OF 2018.  Full Article

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

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Exclusive: Sulzer CEO expects to raise forecast on strong customer inquiries

ZURICH Sulzer has seen no slowdown in customer inquiries and could raise its full-year sales forecast despite gloomy industrial data and an ongoing trade war, the Swiss pump maker's chief executive Greg Poux-Guillaume told Reuters.