HUBER+SUHNER: Shareholder-friendly dividend policy and appointment of CEO successor

At yesterday’s meeting, the Board of Directors of the HUBER+SUHNER Group adopted a new, very shareholder-friendly dividend policy. It also nominated the head of the division Fiber Optics, Urs Ryffel, as CEO of the HUBER+SUHNER Group as of 1 April 2017. As previously announced, the proposal will at the same time be made to the Annual General Meeting to elect the long-standing CEO and delegate of the Board of Directors, Urs Kaufmann, as Chairman of the Board of Directors.

HUBER+SUHNER joins the Consortium for On-board optics (COBO)

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.

HUBER+SUHNER: Return to 40-hour week from March 2016

HUBER+SUHNER: Decisions of the Board of Directors

Two important resolutions were passed today at the meeting of the Board of Directors of HUBER+SUHNER. The Board of Directors proposes that Jörg Walther be elected as a new Board Member in place of Dr. Peter Altorfer, who will not stand for re-election at the Annual General Meeting in April 2016. As a result of a further resolution, the company will part with the last non-strategic business unit, the Composites division in Fehraltorf.

Rohde & Schwarz intensifies cooperation with HUBER+SUHNER

The Rohde & Schwarz electronics group has signed a comprehensive global procurement agreement with HUBER+SUHNER AG, a leading global manufacturer of connectivity solutions for radio frequency, fiber optics and low frequency technologies.

HUBER+SUHNER: Award for sustainable environmental management

At this year's CDP climate change reporting, HUBER+SUHNER was acknowledged as a "sector leader" in the field of industry. This award underlines the company's commitment to sustainable processes in all areas.

HUBER+SUHNER: Business volume remains stable at the level of the first half-year 2015

HUBER+SUHNER: Net sales in the first half year slightly below previous year – profitability suffers due to the Swiss franc appreciation

Despite the strong appreciation of the Swiss franc, net sales of HUBER+SUHNER was only reduced by 2.9 % to CHF 356.1 million. The order intake of CHF 356.3 million (-12.9 %) fell significantly compared to the same period in the previous year, but stabilised at the level of the second half year 2014. At 6.5 %, HUBER+SUHNER achieved an EBIT margin within the announced target range of 6-7.5 %. Net income fell to CHF 6.1 million due to non-cash-related, balance-sheet-based currency losses of CHF 12.8 million. The division Fiber Optics posted an excellent result: With an increase of 20.7 %, net sales rose to a new record level. Cube Optics, which was acquired in October last year, developed very dynamically.

HUBER+SUHNER completes cable portfolio for offshore applications

HUBER+SUHNER has completed its RADOX® MFH-S cable family with cross-sections of up to 6mm2. These cables are suitable for installation on ships and on oil and gas platforms. Their special product features make them unique on the market.