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Satellite 2019
Satellite 2019

SATELLITE has played a critical role in determining how satellites will shape the future of our world. It unites aerospace thought leaders, entrepreneurs, executives, engineers, end-users and enthusiasts together for the largest and most important global connectivity technology event of the year.

6/5/2019 - 9/5/2019
English
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HUBER+SUHNER Group completes the takeover of Polatis on schedule

HUBER+SUHNER Group completes the takeover of Polatis on schedule

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HUBER+SUHNER acquires Polatis and further strengthens its position as the leading innovator in fiber optics

HUBER+SUHNER acquires Polatis and further strengthens its position as the leading innovator in fiber optics

On 30 May 2016 HUBER+SUHNER signed the contracts to take over Polatis, a group headquartered in Bedford, MA (USA) and Cambridge, UK with USD 13 million sales and 110 employees. Polatis develops, produces and sells all-optical network switches. This innovative technology enables improved capacity utilisation in data centers and advanced data management in large telecommunication networks. Both applications are strategic growth areas of HUBER+SUHNER. The closing of the acquisition is expected in June. The parties agreed not to disclose the financial terms. The purchase will be financed entirely from company funds.

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Annual General Meeting of HUBER+SUHNER: Shareholders approve dividend and elect Jörg Walther to the Board of Directors

Annual General Meeting of HUBER+SUHNER: Shareholders approve dividend and elect Jörg Walther to the Board of Directors

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HUBER+SUHNER achieves solid annual result despite a difficult environment

5.6 % net sales decrease in Swiss francs – EBIT margin at the upper end of the announced target range of 6–7.5 % – net income significantly reduced due to currency impacts – measures for cushioning the negative currency impacts are showing effect – high free operating cash flow – Fiber Optics with a new net sales record

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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.

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

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

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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.

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

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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.

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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.

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Media contact

Patrick G. Köppe
Corporate Communications

E-mail
+41 44 952 25 60


Axel Rienitz
Trade media

E-mail
+41 71 353 42 20