[SUN] Sulzer

Sulzer is well positioned in still challenging markets based on its performance-critical solutions and growth opportunities in promising new areas. The company continues to focus on profitability and on further developing growth opportunities.

The positive trend in Sulzer’s early-cycle automotive and pulp and paper markets is expected to continue, albeit at a slower pace. Further stabilization is likely in the aviation industry. In the late-cycle oil and gas and hydrocarbon processing industries, a fast recovery is not expected as many customers further delay projects. In the power generation market, activity is forecast to remain low with the potential for further downward adjustments. Demand in some emerging markets is expected to develop at a faster pace compared with the established markets.

For the full year, order intake is expected to be at a level comparable with that of 2009. The lower order intake in the second half of 2009 will result in lower sales and operating income this year. Profitability is forecast to remain at a healthy level.