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Sulzer AG (SUN.S)

SUN.S on Swiss Exchange

118.00CHF
11:52am BST
Change (% chg)

CHF-0.90 (-0.76%)
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CHF118.90
Open
CHF118.90
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CHF117.90
Volume
34,328
Avg. Vol
122,453
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CHF139.90
52-wk Low
CHF97.40

Latest Key Developments (Source: Significant Developments)

Sulzer H1 EBIT Up 41% At CHF 90.5 Mln
Wednesday, 25 Jul 2018 

July 25 (Reuters) - SULZER AG ::H1 SALES AT CHF 1.60 BILLION VERSUS CHF 1.43 BILLION YEAR AGO.H1 EBIT AT CHF 90.5 MILLION VERSUS CHF 55.3 MILLION YEAR AGO.H1 NET INCOME AT CHF 64.3 MILLION VERSUS CHF 36.9 MILLION YEAR AGO.SEES FY 2018 ORDER INTAKE UP BY 7 TO 10% (PREVIOUSLY 5 TO 7%) AND FY SALES TO GROW BY 6 TO 8% (PREVIOUSLY 4 TO 6%).CONFIRMS ITS GUIDANCE FOR THE OPERATIONAL EBITA MARGIN TO BE AROUND 9.5%.CONFIRMS ITS SFP RUN RATE SAVINGS TARGET OF CHF 230 MILLION FROM 2019 ONWARDS.  Full Article

Sulzer Raises CHF 385 Million Via Dual Tranche Issuance
Wednesday, 20 Jun 2018 

June 20 (Reuters) - Sulzer AG ::SULZER RAISED CHF 385 MILLION IN THE SWISS CAPITAL MARKET YESTERDAY VIA A DUAL TRANCHE ISSUANCE.FIRST TRANCHE OF CHF 110 MILLION HAS A TERM OF TWO YEARS AND CARRIES A COUPON OF 0.25% AT A PRICE OF 100.00%.SECOND TRANCHE OF CHF 275 MILLION HAS A TERM OF FIVE YEARS AND CARRIES A COUPON OF 1.30% AT A PRICE OF 100.00%.  Full Article

Sulzer Awarded Pumps Orders From GE Power India Limited
Tuesday, 24 Apr 2018 

April 24 (Reuters) - Sulzer AG ::AWARDED LARGE PUMPS ORDERS FROM GE POWER INDIA LIMITED.SULZER INDIA HAS BEEN CONTRACTED TO SUPPLY 21 BARREL-TYPE BOILER FEED PUMP SETS FOR GE POWER INDIA LIMITED.  Full Article

Sulzer Q1 Order Intake Up At CHF 900 Million
Thursday, 19 Apr 2018 

April 19 (Reuters) - Sulzer AG ::Q1 ORDER INTAKE AT CHF 900 MILLION COMPARED TO CHF 758 MILLION IN THE SAME PERIOD A YEAR AGO.Q1 ORGANIC ORDER GROWTH OF 12.8% WAS MAINLY DRIVEN BY THE OIL AND GAS MARKET.SULZER CONFIRMS ITS 2018 GUIDANCE.ESTIMATES A ONE-OFF COST IMPACT FROM SANCTIONS OF APPROXIMATELY CHF 10M, WHICH WILL BE TREATED AS NON-OPERATIONAL.COMPANY EXPECTS NO SANCTION IMPACT BEYOND 2018.  Full Article

MSCI to maintain Sulzer in MSCI Equity Indexes
Monday, 16 Apr 2018 

April 16 (Reuters) - MSCI::Says will maintain Sulzer in the MSCI Equity Indexes until further notice .Sulzer earlier announced that all of its assets were unblocked by the U.S. Treasury's Office of Foreign Assets Control (OFAC) following completion of the buyback of its shares from Russia's Renova Group nFWN1RQ0ZZ.This reduced Renova Group's stake in Sulzer to below 50 percent .  Full Article

Sulzer To Supply All Key Pumps For Aksay Concentrated Solar Power Plant in China
Tuesday, 10 Apr 2018 

April 10 (Reuters) - SULZER AG ::TO SUPPLY ALL KEY PUMPS FOR AKSAY CONCENTRATED SOLAR POWER (CSP) PLANT.  Full Article

Sulzer Acquires Five Million Sulzer Shares Of Renova
Monday, 9 Apr 2018 

April 9 (Reuters) - Sulzer AG ::SULZER ACQUIRES FIVE MILLION SULZER SHARES OF RENOVA - RENOVA'S SHARE BELOW 50%.AFTER COMPLETION, RENOVA WILL BE A 48.83% SHAREHOLDER OF SULZER..  Full Article

Sulzer To Acquire JWC Environmental, Supplier Of Municipal And Industrial Wastewater Equipment
Thursday, 21 Dec 2017 

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 

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 

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

UPDATE 1-Switzerland's Sulzer turns profit on shares bought from sanctions-hit Russian investor

ZURICH, Sept 19 Swiss pump maker Sulzer has sold at a profit shares it bought from Russian oligarch Viktor Vekselberg in April in a move designed to reduce his stake below 50 percent and escape U.S. sanctions.