Brief: Huber+Suhner FY EBIT Down At CHF 61.2 Million

Huber+suhner AG

09/03/2021 05:56

March 9 (Reuters) - HUBER+SUHNER AG  HUBN.S :
    * AT CHF 748.2 MILLION, FY ORDER INTAKE WAS DOWN 6.6 % ON
THE
PREVIOUS YEAR (CHF 800.9 MILLION).
    * NET SALES AMOUNTED TO CHF 737.9 MILLION IN 2020, DOWN 11.2
% ON
THE PREVIOUS YEAR (CHF 830.6 MILLION)
    * PROPOSES TO THE ANNUAL GENERAL MEETING A DISTRIBUTION OF
CHF
1.30 (PY CHF 1.60) PER SHARE, CORRESPONDING TO A PAYOUT RATIO OF
49 %
    * EXPECTS GROWTH IN NET SALES FOR 2021 TO BE WITHIN
MID-SINGLE-DIGIT PERCENTAGE RANGE AND THE OPERATING MARGIN
WITHIN MEDIUM-TERM EBIT TARGET RANGE OF 8–10 %
    * FY EBIT AT CHF 61.2 MILLION, DOWN 24.0%

Source text: https://bit.ly/3rxp56Z
Further company coverage:  HUBN.S 

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