UPDATE 2-Sulzer signals worst is over after H1 improvements

Newswire

(Adds company comments, details) By Nieck Ammerlaan ZURICH, Aug 26 (Reuters) - Swiss machinery and engineering firm Sulzer AG on Tuesday posted a smaller than forecast fall in first-half profit and confirmed analyst expectations that it sees signs of recovery. The group said cost cutting and other efficiency-boosting measures had begun to bite, but still suffered from Swiss franc strength. It stuck to medium-term sales and profit targets. Its shares, which are dropping out of the ...

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