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Sulzer engineers growth in 2007

Swiss engineering group Sulzer said its net profit rose to SFr284.1 million ($267.1 million) from SFr221.4 million the year before.

This content was published on February 28, 2008 - 09:01

In a statement on Thursday Sulzer said it expected sales and operating income to grow in 2008.

Net profit had been expected to rise 24 per cent to SFr274 million, according to the average estimate of eight analysts polled by the Reuters news agency.

The company, based in Winterthur, north of Zurich, is active in machinery and equipment manufacturing as well as surface engineering.

Sulzer said it had registered strong demand in all key segments, including oil and gas, hydrocarbon processing industry, power generation, pulp and paper, aviation and automotive.

Sulzer added that the growth in new orders was exceptionally high last year. Orders increased by nearly 24 per cent, exceeding SFr4 billion. Sales were up 26 per cent to SFr3.5 billion.

Sulzer has a total workforce of about 10,400 in 120 locations around the world. It has 1,200 employees in Switzerland.

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