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| Sulzer Core Divisions with Stronger Operating Earnings Power (03/03/2004 , Media Release ) |
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Amid an economically challenging climate, Sulzer recorded sales of CHF 1826 million in 2003. Adjusted , sales decreased by 3% compared to the previous year (–6% in nominal terms). Net income and operating income before goodwill amortization (EBITA) stand at CHF 41 million and CHF 89 million respectively. As expected, both of these figures are lower than in 2002, due to exceptional charges of CHF 23 million at Sulzer Pumps and the unusual high gains from divestitures in the previous year. By contrast, the core divisions increased their earnings power. Under exclusion of special charges their operating income increased by 10% to CHF 107 million.
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