Financial Report 2009The global financial crisis, which was impacting on HUBER+SUHNER as early as the fourth quarter of 2008, resulted in a marked downturn in business volume in the reporting period. However, the policy of diversification in terms of market segments and technologies, which has been persistently pursued over the past few years, and a solid position in the growing railway and solar markets, as well as in China, prevented an even greater downturn. Order intake fell by 13.9% to CHF 650 million (previous year, CHF 755 million) and net sales by 17.0% to CHF 631 million (previous year, CHF 760 million). The drop in net sales totalling CHF 129 million can be broken down into an “organic” component of CHF –97 million (–12.7%), a proportion dictated by currency factors of CHF –18 million (–2.4%), and a reduction of CHF –14 million (–1.9%) due to the effect of copper prices.
Annual and Financial Report 2009:
