HUBER+SUHNER: Net sales grows significantly in the first half year 2016 – pleasing development of profitability
HUBER+SUHNER recorded a dynamic first half year. In organic terms, all three divisions achieved higher net sales than in the previous year and increased earning power. Order intake reached CHF 388.4 million (+9.0 %), while net sales grew to CHF 381.2 million (+7.1 %). In organic terms, i.e. excluding currency and copper effects (+0.6 %) as well as portfolio effects (-0.2 %), growth in net sales amounted to 6.6%. The development in profitability was particularly encouraging. The EBIT increased significantly to CHF 38.4 million (+65.2 %). The EBIT margin of 10.1 % (previous year 6.5 %) exceeded the medium term target range of 6-9 %. Net income rose markedly from CHF 6.1 million to CHF 29.9 million.