August 21, 2018 / 4:47 AM / a month ago

BRIEF-HUBER+SUHNER H1 Net Income Up 32.2% At CHF 31.6 Million

Aug 21 (Reuters) - HUBER+SUHNER AG:

* H1 ORDER INTAKE OF CHF 516.8 MILLION WAS UP 21.6 % ON THE SAME PERIOD IN THE PREVIOUS YEAR

* H1 NET SALES UP 15.4 % TO CHF 474.0 MILLION

* H1 EBIT OF CHF 44.3 MILLION, 35.1 % HIGHER THAN IN THE PREVIOUS YEAR

* H1 NET INCOME ROSE BY 32.2 % TO CHF 31.6 MILLION

* EXPECTS GROWTH IN NET SALES OF AT LEAST 10 % IN 2018 COMPARED TO THE PREVIOUS YEAR, PROVIDED THAT THERE IS A COMPARABLE CURRENCY SITUATION

* EBIT MARGIN FOR 2018 AS A WHOLE SHOULD BE IN THE MIDDLE OF THE MEDIUM-TERM TARGET RANGE OF 8 – 10 %

Source text - bit.ly/2OTISdj

Further company coverage: (Gdynia Newsroom)

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