Broad-based growth results in record year
Compared with the previous year, HUBER+SUHNER's net sales rose by 26.7% to CHF 799.5 million in 2010. The positive impact of the increased copper price (+3.5%) was able to compensate for the negative impact of the strong Swiss franc on net sales (-3.4%). Order intake grew even faster than net sales, rising by 30.2% to CHF 846.5 million. The operating profit achieved a new record with an increase of 91.3% to CHF 101.8 million, corresponding to an EBIT margin of 12.7%. Net income also grew strongly, rising by 63.4% to CHF 79.0 million. Current assets rose sharply as the result of the rapid growth, and investments increased in comparison with the previous year. Nevertheless, the company generated a free cash flow of CHF 32.9 million. Net liquidity amounted to CHF 205.8 million at the end of the year. The Board of Directors proposes to the general assembly a dividend per share of CHF 1.50 gross (previous year: CHF 0.80).
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