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Edge12 Dec 2025
Running on Clouds: The Story of On
The story of how a Swiss runner's pursuit of a new running sensation became On, aiming to be the most premium global sportswear brand worldwide.
Sulzer (SUN) investor relations material
Sulzer Q3 2025 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 TU earnings summary15 Oct, 2025
Executive summary
Year-to-date order intake declined by 1.2%, showing improvement from H1 2025's -2.4%.
Positive momentum in order intake, with some large projects postponed to 2026.
Financial highlights
Total order intake for Jan–Sep 2025 was CHF 2,777 million, down from CHF 2,934 million year-over-year.
Services division order intake grew 13.2% year-over-year, reaching CHF 1,106 million.
Flow division order intake decreased by 2.3% year-over-year to CHF 1,139 million.
Chemtech division order intake dropped 20.3% year-over-year to CHF 533 million.
Outlook and guidance
Full-year guidance confirmed: organic order intake growth of 2% to 5% and sales growth of 5% to 8%.
EBITDA margin expected to exceed 15% of sales.
Bridge gap to 2025 order intake guidance
Chemtech's growth drivers for next year?
Impact of large project delays on 2026?
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Frequently asked questions
Sulzer Ltd is an industrial engineering company specializing in fluid engineering, with a focus on pumping, mixing, separation, and application technologies. The company serves a range of industries, including oil and gas, water, chemicals, power generation, and renewable energy. Sulzer’s solutions are used in applications such as fluid handling, wastewater treatment, and energy production. The company also provides aftermarket services such as maintenance and repair for its equipment and systems. The company is headquartered in Winterthur, Switzerland, and its shares are listed on the SIX Swiss Exchange.
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