HUBER+SUHNER: Net sales in the first half year slightly below previous year – profitability suffers due to the Swiss franc appreciation
Despite the strong appreciation of the Swiss franc, net sales of HUBER+SUHNER was only reduced by 2.9 % to CHF 356.1 million. The order intake of CHF 356.3 million (-12.9 %) fell significantly compared to the same period in the previous year, but stabilised at the level of the second half year 2014. At 6.5 %, HUBER+SUHNER achieved an EBIT margin within the announced target range of 6-7.5 %. Net income fell to CHF 6.1 million due to non-cash-related, balance-sheet-based currency losses of CHF 12.8 million. The division Fiber Optics posted an excellent result: With an increase of 20.7 %, net sales rose to a new record level. Cube Optics, which was acquired in October last year, developed very dynamically.