Sulzer affirms 2005 financial targets

Newswire

ZURICH, Aug 27 (Reuters) - Sulzer is sticking to its longer-term targets of sales of three billion Swiss francs and an EBITA margin of nine percent by 2005, a spokesman for the Swiss industrial engineering group said on Tuesday. Commenting on what the group said was a tough first half, particularly in the energy sector, and widespread price pressures, he said Sulzer expected full-year 2002 sales roughly on the 2001 level of 1.965 billion francs. Net sales were 939 million francs in the ...

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