Ad hoc announcement pursuant to Art. 53 LR
HUBER+SUHNER – Net sales calculated at constant exchange rates almost at previous year’s level
During the 2015 fiscal year, HUBER+SUHNER achieved net sales of CHF 706 million, which represents a 6% decrease compared to the previous year. At constant exchange rates, the difference compared to the previous year is only approximately -2%, while organically (in local currency, without copper effect and portfolio effect neutralised) it is approximately -6%. The company’s order intake of CHF 703 million decreased by 9% in Swiss francs. Following the “Swiss franc shock” and thanks to rapidly introduced measures, the business situation stabilised throughout the year. HUBER+SUHNER has started the 2016 fiscal year in a solid position.