The Sulzer acquisition of Kühni Ltd, announced in March 2009, will become effective as of April 30, 2009.
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In the first quarter of 2009, Sulzer received orders for CHF 839.3 million. This was an adjusted¹ decrease of 22.2% (nominal decline 26.0%) compared with the very strong first quarter of the previous year. As projected, market demand was clearly below last year’s level and negative currency translation effects continued. For the coming months, Sulzer expects order intake to remain clearly below the high level of 20...
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At today’s annual general meeting of Sulzer Ltd, the shareholders did not approve the proposal of the board of directors to re-elect the chairman of the board Ulf Berg. Daniel J. Sauter, Vladimir V. Kuznetsov and Urs A. Meyer were re-elected as members of the board for a three-year term. The dividend of CHF 2.80 per share will be paid out on April 15, 2009. After the shareholder meeting, the seven members of the Sulzer board e...
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The Swiss Federal Department of Finance (FDF) has opened criminal administrative proceedings against Ronny Pecik, Georg Stumpf and Viktor Vekselberg on suspicion of violation of their disclosure obligations under the law governing stock exchange transactions while building a stake in Sulzer Ltd from November 2006 to April 2007.
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In compliance with the Swiss Federal Act on Stock Exchanges and Securities Trading and the associated ordinances, Fidelity International notified Sulzer Ltd about the changed group holding of Fidelity Management Research LLC.
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The Renova Group informed Sulzer Ltd that it has increased its shareholding from 27.1% up to 31.2%. The combined shareholding of Renova and Sulzer, which are considered to be a group for the purpose of disclosure of shareholdings, is 34.4%.
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Sulzer has signed an agreement for the acquisition of the privately owned Kühni Ltd, Allschwil, Switzerland, a specialist for thermal separation processes. Kühni achieved sales of CHF 37 million in 2008 and employs over 80 people.
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Sulzer achieved an excellent performance in 2008 with increases in order intake, sales, operating income and cash flow. The operational improvements more than offset the significant negative currency translation effects. Return on sales and return on capital employed reached new record levels. The board of directors is proposing an unchanged dividend of CHF 2.80 per share. Sulzer is well positioned with a strong balance sheet,...
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The board of directors of Sulzer proposes Ulf Berg, Daniel J. Sauter, Vladimir V. Kuznetsov and Urs Andreas Meyer for re-election as members of the board at the forthcoming annual general meeting of Sulzer on April 8, 2009 for a three-year term of office.
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In January, Sulzer has completed the acquisition of the TowerTech companies based in Australia, Thailand and Singapore, which was first announced in December 2008. The purchase price amounts to AUD 11 million (CHF 8 million).
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