23.02.2012 Sulzer Press center
<…>Sulzer Turbo Services: strong growth, driven by acquisition and large orders
Order intake, sales, and operating income were increased significantly and profitability was also higher than last year. The successful integration of the electromechanical business acquired in 2010 allowed the division to benefit from a diversified portfolio and sales synergies. The global presence was further expanded with a sales and project office in Russia. The division continued its successful strategy of further developing the business with more long-term service agreements. This approach ensures a more stable income stream over time.
Larger orders from the power generation market were recorded in the first half of the year. The demand for the division’s services in the oil and gas and the power generation industries was healthy. The hydrocarbon processing industry showed signs of improvement and other industrial markets continued to grow. Geographically, growth was particularly strong in Latin America.
Demand for the division’s services in the oil and gas, power generation, and other industrial markets is expected to remain at the current high levels in 2012. The hydrocarbon processing industry is forecast to continue on a stable level. The sales synergies from the acquisition and long-term service agreements are predicted to support the positive development. For 2012, the division expects moderate increases in order intake, sales, and profitability.
Sulzer Turbo Services key figures
|
millions of CHF |
2011 |
2010 |
Δ |
Δ adj.1 |
|
Order intake |
477.6 |
400.4 |
+19.3% |
+14.3% |
|
Order backlog |
130.1 |
115.1 |
+13.0% |
|
|
Sales |
488.0 |
399.1 |
+22.3% |
+18.1% |
|
Operating income |
53.2 |
41.9 |
+27.0% |
|
|
Return on sales |
10.9% |
10.5% |
||
|
Return on capital employed |
14.9% |
13.6% |
||
|
Employees as of Dec. 31 (number of full-time equivalents) <…> |
2 654 |
2 587 |
+2.6% |