News

In the financial year 2009, HUBER+SUHNER succeeded overall in holding its ground respectably, despite the turbulent market environment. After a downturn in net sales of 17% and in order intake of 14% compared with the previous year, the second half year managed to exceed the corresponding figures for the first six months, contrary to the usual trend. Thus, HUBER+SUHNER finally achieved consolidated profits of CHF 48.4 million, which is significantly lower than those achieved in the previous year (CHF 60.2 million). The Annual General Meeting accepted the proposal of the Board of Directors to use the net profit of CHF 105,710,109.07 as follows:

- Dividend of CHF 0.80 gross per registered share:   CHF 15,294,786.40
- The balance carried forward amounts to:   CHF 90,415,322.67

Payment of the dividend will be accomplished free of bank charges on Wednesday, 28th April 2010.

Under the agenda item ‘Elections,’ Dr Peter Altorfer, Adrian Déteindre and George H. Müller were confirmed for a term of office of three years. Instead of Urs T. Fischer, who retired last year, Rolf Seiffert was elected to the Board of Directors. He joins the Board in the middle of his predecessor’s term and is thus appointed until the Annual General Meeting in 2011. PricewaterhouseCoopers AG was again appointed as the company’s auditors for the financial year 2010.
At the constituent assembly of the meeting of the Board of Directors, Dr David W. Syz and Erich Walser were re-elected to their appointments as Chairman and Vice-Chairman of the Board of Directors respectively.