HUBER+SUHNER with significant increase in order intake and improved profitability
The first six months of 2014 showed positive momentum for HUBER+SUHNER. Net sales at CHF 366.8 million were, as expected, 5.4% lower compared to 2013. In organic terms, before taking currency and copper effects into consideration, sales were almost at the same level (-0.7%) as in the previous year. At the same time, order intake (+16% on CHF 408.9 million) picked up significantly, primarily in Fiber Optics as well as in Radio Frequency. EBIT increased to CHF 33.8 million (+14.9%). Profitability grew markedly in the first half-year with an EBIT margin of 9.2% surpassing the medium-term target range.