HUBER+SUHNER anticipates an increase in net sales during the second term
Following the marked decrease in order intake during the second term of 2011, a difficult start to the 2012 financial year was foreseeable. The already known imponderables of the Chinese railway market and the solar market were compounded by excessive inventories held by suppliers of infrastructure to the mobile communication sector, generating a negative impact on net sales in the Radio Frequency division. The changeover to the new SAP Enterprise Resource Planning System in Switzerland at the beginning of May caused additional problems. It led to supply backlogs which could not be completely eliminated by the middle of the year. The resulting shortfall in net sales in the first half year amounted to around CHF 20 million. In contrast, the Fiber Optics division is experiencing a veritable boom, especially as the result of various large-scale projects in North America.