Note: If not otherwise indicated, changes in % compared to the previous year are based on organic figures (adjusted for currency effects, acquisitions/divestitures and deconsolidations).

Flow reported -3.8% (CHF -14.8 Mio.)¹ in order intake. Energy was stable with -0.5% compared to a strong Q1 2025 with a bigger number of large orders. Industry & Water decreased by -6.0%, with negative impacts on the Water business in Middle East due to project delays. Order intake strengthened at the close of the first quarter.

Services reported -2.6% (CHF -8.3 Mio.)¹ in order intake. This result was partly influenced by the geopolitical situation in the Middle East and on the back of several large orders received in the region in Q1 2025. Despite the slightly negative order intake overall, most regions showed strong momentum towards the end of the quarter.

Chemtech reported -27.7% (CHF -61.7 Mio.)¹ in order intake. Order intake comparison was influenced by the phasing of major customer projects and a large order for biobased polymers in Q1 2025. However, the biggest business unit continues its development from Q4 2025, showing a positive order intake of 2.5% even under challenging market conditions.

Outlook
Sulzer expects improved development in order intake in Q2, followed by a strong second half of 2026 based on a solid order pipeline. The company therefore confirms its guidance.

1) Adjusted for currency effects

This document may contain forward-looking statements including, but not limited to, projections of financial developments, market activity, or future performance of products and solutions containing risks and uncertainties. These forward-looking statements are subject to change based on known or unknown risks and various other factors that could cause actual results or performance to differ materially from the statements made herein.