Space Tech Expo Europe
Space Tech Expo Europe
Europas Versammlungsort für Geschäfte, Technik und Innovation im Bereich Raumfahrt. Besuchen Sie uns in der Halle 5 Stand M30 
17/11/2020 - 19/11/2020
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Company Media News

HUBER+SUHNER expects solid half-year result despite corona pandemic

HUBER+SUHNER expects solid half-year result despite corona pandemic

As already communicated, various HUBER+SUHNER sites in key sales regions around the world were affected by the measures to prevent the spread of Covid-19. Production at the Swiss sites was maintained throughout. At present, almost all plants worldwide are operating again without any major restrictions. Capacity bottlenecks were bridged by means of temporary relocations within the global production network, thus maintaining a high level of delivery capability to customers even under difficult conditions.

HUBER+SUHNER countered the noticeable weakening of business by implementing cost-cutting measures at an early stage and introducing short-time working from May onwards. As a result of the above-mentioned development, net sales for the first half of the year 2020 will be just on a level with the second half of 2019 and will be around 16 % below the sales of the strong prior-year period. The EBIT margin should reach between 6 % and 7 % for the first half of the year.

The detailed half-year figures will be published on 18 August 2020.

Patrick G. Koeppe
Head Corporate Communications
+41 44 952 25 60

The definition of Alternative Performance Measures

Media release (PDF)

Media contact

Patrick G. Köppe
Corporate Communications

+41 44 952 25 60

Axel Rienitz
Trade media

+41 71 353 42 20