Annual Report 2009HUBER+SUHNER holds its ground during the global downturn. Stronger second half year.
HUBER+SUHNER was able to hold its ground and achieved respectable overall results in the 2009 reporting period. The volume of business dropped noticeably, with net sales down by 17.0% to CHF 631 million and a drop in order intake of 13.9% to CHF 650 million. Calculated on the basis of constant exchange rates and discounting the impact of copper prices, the downturn in net sales amounted to 12.7%. Contrary to the usual trend, both order intake and net sales in the second half of the year exceeded the corresponding figures for the first six months. The profit at the end of the reporting period reflects a very pleasing EBIT of CHF 53.2 million and an EBIT margin of 8.4%, despite restructuring costs andslightly negative copper price effects. The consolidated profit of CHF 48.4 million is significantly lower than in the previous year (CHF 60.2 million), but nevertheless a net sales margin of 7.7% was achieved.
Annual Report 2009:
