Financial Report 2010Broad-based growth in terms of market segments and technologies led to a significant increase in HUBER+SUHNER’s volume of business in the reporting year. Order intake increased by 30.2% to CHF 847 million (previous year CHF 650 million), and net sales by 26.7% to CHF 800 million (previous year CHF 631 million). The organic growth in net sales amounts to CHF 168 million. The positive effect of the copper was neutralised by negative foreign currency effects (CHF 22 million in each case).
The real growth driver was the Low Frequency Division which was able to significantly increase net sales by 50.4% to CHF 419 million (previous year CHF 279 million). The “Solar,” “Railway,” and “Automotive” markets made substantial contributions to this increase. The Fiber Optics Division grew net sales by a considerable 11.0% to CHF 134 million (previous year CHF 120 million), and the Radio Frequency Division has also pleasingly returned to a path of growth. Its net sales increased by 6.4% to CHF 247 million (previous year CHF 232 million).
Regional development of net sales again showed striking growth of 54% in the Asia-Pacific region, with the other two regions of EMEA (Europe, Middle East & Africa) and the Americas (North and South America) each recording growth of 15%. China is developing into HUBER+SUHNER’s largest end-customer market with net sales of CHF 183 million (previous year CHF 126 million).
As the result of a combination of various positive factors in the reporting year, HUBER+SUHNER achieved the highest operating result in its history, of CHF 101.8 million (previous year CHF 53.2 million). The EBIT margin of 12.7% (previous year 8.4%) even exceeds the long-term defined target band, which was increased from 8%–10% to 9%–12% in the reporting year.
Annual and Financial Report 2010
