UPDATE 1-Sulzer 2002 orders fall three pct, cautious on 200

Newswire

(Adds details, background) By Nieck Ammerlaan ZURICH, Jan 23 (Reuters) - New orders at Sulzer's core divisions fell by three percent to 1.86 billion Swiss francs ($1.36 billion) in 2002, the Swiss machinery and engineering services firm said on Thursday. The company, which is battling poor end-markets and a strong franc, reiterated it expected full-year operating income to be clearly positive, but below the 2001 level of 119 million francs, while 2002 net profit would be "respectable". ...

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