HUBER+SUHNER Reports Clear Upward Trend in H1 2024

HUBER+SUHNER AG announced a robust improvement in demand for the first half of 2024, with a 14.9% increase in order intake to CHF 521.0 million compared to the same period the previous year. The Group's net sales were CHF 430.6 million, down 9.8% year over year yet signaling a strong rebound from late 2023 figures.

The Industry segment, particularly in aerospace and defense, showed significant growth with order intake up by 11.5%. The Communication segment saw a notable 45.1% surge in order intake due to gains in mobile communications infrastructure and data centers. Transportation experienced a decline but maintained solid profitability.

The EBIT margin was within the medium-term target range at 9.6%. Net income stood at CHF 34.8 million, helped by an ongoing low tax rate. Free operating cash flow reached CHF 19.4 million, marking a 100.7% increase year over year.

HUBER+SUHNER's outlook remains positive, projecting slight growth in the second half of 2024, while maintaining organic growth in net sales and an operating profit margin within the target range of 9–12%.