ProfitabilitySignificantly higher profitability anticipated in the new business year
The ongoing uncertainty surrounding future investment activity in the telecom sector and the economic situation in key sales markets makes it difficult to make any reliable predictions about sales for the HUBER+SUHNER Group in 2003. The company expects the market environment to remain challenging for its telecom-related activities and is looking for moderate growth opportunities in the industrial and transportation segments. In terms of profitability, the Group anticipates a strong improvement as the measures initiated last year fully impact the business. The Board of Directors and the Executive Group Management are confident that HUBER+SUHNER will deliver a balanced result, even if sales remain at the same low level as in 2002. The start of the new business year gives grounds for cautious optimism: although revenues remained flat in January and February, the HUBER+SUHNER Group managed to achieve a profit.
