Brief: BRIEF-Huber+Suhner FY order intake at CHF 821.4 million, down 15.8 %

Huber+suhner AG

05/03/2024 05:49

March 5 (Reuters) - Huber+Suhner Ag  HUBN.S :
    * HUBER+SUHNER MAINTAINS SOLID EBIT MARGIN DESPITE THE
MARKED
DECLINE IN THE COMMUNICATIONS MARKET
    * BOARD OF DIRECTORS PROPOSES TO ANNUAL GENERAL MEETING A
PAYOUT
OF CHF 1.70 (PY CHF 2.10) PER SHARE,
    * AT CHF 821.4 MILLION, ORDER INTAKE IN 2023 WAS 15.8 %
BELOW VERY
HIGH PRIOR-YEAR LEVEL (CHF 975.4 MILLION)
    * MEDIUM-TERM TARGET RANGE OF 9-12 % FOR OPERATING PROFIT
MARGIN
REMAINS UNCHANGED
    * SAYS FOR THE CURRENT FINANCIAL YEAR, COMPANY IS AIMING FOR
AN
OPERATING PROFIT MARGIN IN LOWER HALF OF TARGET RANGE

Source text for Eikon:  ID:nEQ7fTT6wa 
Further company coverage:  HUBN.S 

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