Machinery industry Sulzer with slightly lower order intake after nine months
In the first nine months of 2025, the industrial corporation Sulzer received slightly fewer orders than in the previous year. This is mainly due to the slump in the Chemtech division. However, the situation has stabilized somewhat overall.
15.10.2025, 07:18
SDA
From January to September, Sulzer received orders worth CHF 2.78 billion, as the company announced on Wednesday. This corresponds to a decrease of 1.2 percent. The shortfall compared to the previous year has therefore recently been reduced somewhat. In the first half of the year, incoming orders fell by 2.4 percent.
Business with smaller projects as well as the aftermarket and basic business of the Flow and Services divisions grew steadily. However, customer decisions on certain larger projects were delayed due to the uncertain economic situation. This had a slight impact on the largest division, Flow, and a significant impact on the Chemtech division.
Service division grows fastest
At CHF 1139 million, order intake at Flow was 2.3 percent below the previous year's figure. In general, the division reported solid growth, according to the press release. However, the postponement of major orders had a negative impact on business.
By contrast, the Services division's order intake grew by a good 13 percent to CHF 1,106 million. The division recorded growth in the Americas and Europe, Middle East and Africa (EMEA) regions in particular.
Chemtech, on the other hand, continues to suffer from the weakness in China and subdued demand for mass transfer components and services. The postponement of major projects also had an impact here. Incoming orders after nine months amounted to CHF 533 million, a good 20 percent down on the previous year.
The previous forecasts for the year as a whole are confirmed. Accordingly, a currency-adjusted, organic increase in order intake of between 2 and 5 percent and sales of 5 to 8 percent is still expected. The EBITDA margin should rise to over 15 percent (previous year 12.4%).
Sulzer is confident, partly because of the Chemtech division. The increasing interest in biopolymers, carbon capture and sustainable aviation fuel promises positive prospects for the coming year.
