| Huber+Suhner: Continued organic growth - net sales decline in Swiss francs |
| 16.01.12 07:14 | |
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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. |
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