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HUBER+SUHNER achieves a solid result

Order intake and net sales below previous year due to pandemic – Investments in the future at a record high – EBIT margin of 8.3 % within medium-term target range despite lower net sales – Significantly improved profitability in the second half-year – New alignment by market segments strengthens market orientation

HUBER+SUHNER anticipates a solid result for 2020 following stabilisation in the second half of the year

HUBER+SUHNER gradually resumes production after cyberattack

Production operations at the Swiss locations have been successfully restarted. Delays in deliveries to customers are mostly to be resolved by the end of the year. An unknown perpetrator claims data ownership – HUBER+SUHNER in intensive cooperation with experts and authorities.

HUBER+SUHNER affected by attack on IT systems

The IT network of HUBER+SUHNER was the target of an attack with malware. The company immediately initiated security measures to prevent further damage. The investigations into the circumstances involving experts are running at full speed.

HUBER+SUHNER strengthens market orientation and simplifies structures

Consistent focus on market segments Industry, Communication and Transportation – Abolition of the matrix structure at top management level – Strategic focus remains on core markets and growth initiatives – Reduction in the size of the Executive Group Management – First-time financial reporting in new market segment structure from first half of 2021

HUBER+SUHNER continues to stabilise business after nine months

Smaller percentage decline in order intake and net sales compared to first six months – Slower market recovery necessitates replacement of temporary measures by structural measures – Outlook for full year confirmed

HUBER+SUHNER with solid half-year results in a difficult environment

Order intake and net sales down compared to strong prior-year period – measures to reduce costs are showing results at EBIT level – positive development in order intake compared to second half of 2019

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

HUBER+SUHNER to introduce further measures in connection with COVID-19

The global spread of Covid-19 into a pandemic and the resulting countermeasures taken by governments have been having a noticeable impact on demand at HUBER+SUHNER for several weeks. The company is implementing further measures as a result of these changed conditions. The guidance for the 2020 financial year has been suspended.

Annual General Meeting of HUBER+SUHNER AG: Shareholders endorse all of the Board of Directors’ proposals