Ad Hoc News

HUBER+SUHNER creates attractive working conditions for women, parents and employees aged over 50 years

For years, HUBER+SUHNER has been actively engaged in the education and ongoing development of its employees. Acknowledging that in the future there will be a shortage of specialists the company goes a step further and is launching even more attractive working conditions for today’s and future employees. The offering goes clearly beyond the usual standard of the Swiss industry and places a special focus on the target groups women, parents and employees aged over 50 years.

HUBER+SUHNER – strong development in the first half year 2016

HUBER+SUHNER Group completes the takeover of Polatis on schedule

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.

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

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 – 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.