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    SUN   CH0038388911

SULZER LTD

(SUN)
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Sulzer to Spin Off, List Applicator Systems Unit

05/27/2021 | 08:26am EDT

Sulzer AG (SWX:SUN) said it has decided to spin off its applicator systems unit, or APS, into an independent publicly traded company. The announcement comes after earlier this week the group said it was considering a spin-off of the division. Sulzer will carry out the separation via a one-to-one share split, in which Sulzer's shareholders will get one APS share for each Sulzer share held. The new company, to be named Medmix, will offer high-precision delivery devices in healthcare, industrial, and consumer end-markets. Credit Suisse and UBS are advising Sulzer on the spin-off. The listing of the new company is expected to occur in the third or fourth quarter, subject to shareholder approval.


ę S&P Capital IQ 2021
All news about SULZER LTD
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More news
Analyst Recommendations on SULZER LTD
More recommendations
Financials
Sales 2021 3 219 M 3 499 M 3 499 M
Net income 2021 144 M 157 M 157 M
Net Debt 2021 477 M 519 M 519 M
P/E ratio 2021 20,3x
Yield 2021 3,60%
Capitalization 3 097 M 3 365 M 3 366 M
EV / Sales 2021 1,11x
EV / Sales 2022 1,03x
Nbr of Employees 15 574
Free-Float 49,4%
Chart SULZER LTD
Duration : Period :
Sulzer Ltd Technical Analysis Chart | SUN | CH0038388911 | MarketScreener
Technical analysis trends SULZER LTD
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 5
Last Close Price 91,65 CHF
Average target price 105,00 CHF
Spread / Average Target 14,6%
EPS Revisions
Managers and Directors
GrÚgoire Poux-Guillaume Chief Executive Officer
Jill Ghim Ha Lee Chief Financial Officer
Peter D. L÷scher Chairman
Gerhard Roiss Independent Non-Executive Director
Hanne Birgitte Sorensen Independent Non-Executive Director
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