Brief: Huber+Suhner FY Net Sales At CHF 737.9 Mln

Huber+suhner AG

22/01/2021 05:50

Jan 22 (Reuters) - HUBER+SUHNER AG  HUBN.S :
    * ANTICIPATES A SOLID RESULT FOR 2020 FOLLOWING
STABILISATION IN
THE SECOND HALF OF THE YEAR
    * NET SALES AMOUNTED TO CHF 737.9 MILLION (UNAUDITED) IN
2020,
REPRESENTING A DECLINE OF 11.2 % YEAR ON YEAR
    * ADJUSTED FOR CURRENCY, COPPER AND PORTFOLIO EFFECTS,
ORGANIC
GROWTH DECLINED BY 10.0 %
    * 2020 ORDER INTAKE STOOD AT CHF 748.2 MILLION, WHICH WAS
6.6 %
BELOW THE PREVIOUS-YEAR FIGURE
    * ANTICIPATES AN EBIT MARGIN JUST AT THE LOWER END OF THE
MEDIUM-TERM TARGET RANGE OF 8 – 10 % FOR 2020

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

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