Sulzer AG Q1 Order Backlog At CHF 2.1 Bln

April 17 (Reuters) - SULZER AG:

* Q1 ORDERS YOY +31.2% ORGANIC, DRIVEN BY DOUBLE DIGIT GROWTH IN ALL DIVISIONS

* Q1 ORDER BACKLOG INCREASED TO CHF 2.1BN

* 2023 GUIDANCE CONFIRMED

* WE EXPECT DEMAND IN OUR MARKETS TO REMAIN ROBUST

* HOWEVER, DUE TO THE GENERAL ECONOMIC UNCERTAINTY WE WILL REVIEW OUR GUIDANCE FOR ORDER INTAKE WITH H1 RESULTS IN JULY

* WE CONFIRM OUR PREVIOUSLY COMMUNICATED GUIDANCE FOR THE FULL YEAR 2023 WITH ORDERS UP ORGANICALLY (ADJUSTED FOR FOREIGN EXCHANGE, ACQUISITIONS AND DIVESTITURES) BY 3 TO 6% YEAR ON YEAR, SALES BY 7 TO 9% AND OPERATIONAL PROFITABILITY OF ABOVE 10%

* Q1 CURRENCY TRANSLATION HAD A NEGATIVE IMPACT OF CHF 44.8M VERSUS THE PRIOR YEAR PERIOD AND DIVESTMENTS CONTRIBUTED NEGATIVELY BY CHF 12M

* ORDER INTAKE IN FLOW EQUIPMENT GREW BY 42.8% ORGANICALLY MAINLY DRIVEN BY STRONG MOMENTUM IN ENERGY Further company coverage: (Gdansk Newsroom)