The financial year 2011 was characterised by extreme disruptions in the currency markets, strong dynamic growth in the first half-year, and a perceptible decrease in demand in the second term, especially in the solar market and Chinese railway business. Following a weaker start, Fiber Optic applications showed an increasingly positive trend during the course of the year.
After the exceptionally high growth of the previous year,
net sales in Swiss francs fell by approximately 5% to
around CHF 758 million in 2011, representing single-digit
organic growth. With an order intake of approximately CHF
735 million, the cumulative book-to-bill rate in the fourth
quarter dropped to under 1 in value.
A similar development was also apparent in terms of the
EBIT margin. Having already been subjected to pressure in
the first half-year as the result of the currency
situation, it was placed under further strain towards the
end of the year due to lower business volumes and
market-related devaluations in terms of copper stocks. It
is therefore to be assumed that the operative EBIT margin
(before one-off income) will not achieve the 8% mark in the
financial year 2011.
HUBER+SUHNER will present its 2011 Annual Report at the
Media And Analysts' Conference on 22 March 2012.
Contact
Axel Rienitz
Leiter Corporate Communication
HUBER+SUHNER AG
+41 44 952 2560
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