Di., Feb. 27th 2024
Detailing the recent uptick in profits, sales growth, and stock price elevation.
Sulzer is a Swiss industrial engineering and manufacturing firm. Founded in 1834 in Winterthur, Switzerland. Sulzer specialises in pumping solutions, services for rotating equipment, as well as separation, mixing, and application technology.
In recent years has been doing very well, in 2022 Sulzer announced flow equipment reached an operational profitability of 5.9%. Services achieved a higher operational profitability of 14.2%. Chemtech also showed a good performance with an operational profitability of 10.0%.
Recent figures from the company pertaining to 2023 came out showing further strong growth.
Further, total sales increase for the Flow Equipment, Services, and Chemtech sectors combined amounted to CHF 3,282 million.
With these positive figures the stock price is indicating confidence for the future of Suzler as the price jumped by over 17% during February 2024.
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