HUBER+SUHNER AG 2023
Half-year Report
HUBER+SUHNER Half-year Report 2023
2
Contents
Key Figures H1/2023 | 8 |
Consolidated Income Statement | 10 |
Consolidated Balance Sheet | 11 |
Consolidated Cash Flow Statement | 12 |
Consolidated Statement of Equity | 13 |
Notes to Group Financial Statements | 14 |
Alternative Performance Measures | 17 |
Key Facts at a glance
Order intake | Net sales | ||
498.4 | 453.3 | 477.4 | 477.3 |
2022 | 2023 | 2022 | 2023 |
In CHF million | In CHF million |
Order intake below | Net sales reach high |
strong prior-year | level of previous year |
figure | - organic growth of |
5.4 % | |
Share buyback | |
programme | Net sales growth and |
completed | sustained high |
successfully | profitability in Industry |
- Communication | |
strongly affected by | |
decline in North | |
American 5G market - | |
turnaround in | |
Transportation with | |
double-digit EBIT | |
margin |
HUBER+SUHNER Half-year Report 2023
Operating profit margin
11.3% 9.8%
20222023
Operating profit margin down year-on- year, but within medium-term target range
High level of quotation activity indicates intact medium-term growth opportunities in many submarkets
Key Facts at a glance | 4 |
HUBER+SUHNER Half-year Report 2023
HUBER+SUHNER maintains net sales at previous- year level with lower profitability
Urs Kaufmann (Chairman) and Urs Ryffel (CEO)
During the first half of the year, development was heterogeneous across the three HUBER+SUHNER segments. Thanks to the strong growth in the two market segments Industry and Transportation, net sales overall were maintained at the high level of the previous-year period. Order intake, however, was well below the high prior-year level. Orders decreased in all subsegments of the Communication segment, with the decline in the North American 5G business in the largest subsegment, mobile network, being particularly significant. The modest decline in the Industry segment was mainly due to overstocked inventory levels at customers. By contrast, the Transportation segment reported further growth, confirming the strong upward trend of the past twelve months.
The operating profit (EBIT) margin of 9.8 % was within the medium-term target range of 9-12 %, but below the strong figure for the same period in the previous year (PY 11.3 %). Net income for the first half of the year reached
CHF 38.2 million (PY CHF 43.8 million).
The order intake of CHF 453.3 million was 9.0 % below the high figure of the previous year (CHF 498.4 million).
At CHF 477.3 million (PY CHF 477.4 million), net sales remained at the previous year's level. Due to this development, the book-to-bill rate was 0.95 (PY 1.04). Organically, i.e., adjusted for currency, copper price and portfolio effects, net sales increased by 5.4 %.
Letter to Shareholders | 5 |
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Huber + Suhner AG published this content on 15 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 August 2023 04:41:05 UTC.
