In a difficult market environment, the Sulzer Corporation was able to uphold sales (CHF 1946 million) and order intake (CHF 1917 million) for 2002 at prior-year level, taking the continuing operations as comparison basis. Consolidated operating income before goodwill amortization (EBITA) reached CHF 149 million. The four core divisions contributed CHF 97 million, 21% less than in prior year. Net income rose to CHF 83 million, compared with only a breakeven result in prior year (CHF 2 million). The Board of Directors proposes to the Annual General Meeting of April 16, 2003, a dividend of CHF 6 per share and the election of CEO Fred Kindle to the Board. Sulzer expects a demanding year 2003 and will put the emphasis on operational improvements in the core divisions.
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