Huber+Suhner seen set for best day in a year on H1 prelims

Huber+suhner AG

25/06/2021 08:06

** Shares in Huber+Suhner  HUBN.S  are seen up 5.6% in
Julius Baer pre-market indications after the company said it
expects its H1 revenue to grow 10% and EBIT margin to double
 urn:newsml:reuters.com:*:nL5N2O70Y7
    ** The Swiss telecoms equipment maker added it sees
double-digit sales growth in FY as well, while operating margin
should slightly exceed its mid-term EBIT target range of 8%-10%
    ** Vontobel says the electrical and optical wire maker's
strong sales growth was broadly expected due to strong demand,
but the margin development is a positive surprise
    ** The 2021 outlook is also better than expected and should
lead to a high single-digit increase in the consensus for H+S'
profits, the broker says
    ** It adds the positive development should be consistent
across all of H+S' business units and continue into 2022 thanks
to new applications of its products
    ** Huber+Suhner is seen at the top of Switzerland's mid cap
index  .SMIM 

 (Reporting by Zuzanna Szymanska)
 ((zuzanna.szymanska@tr.com))