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Huber+Suhner AG (HUBN.S)

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Latest Key Developments (Source: Significant Developments)

Huber+Suhner FY Net Income At CHF 42.1 Million
Tuesday, 13 Mar 2018 01:51am EDT 

March 13 (Reuters) - HUBER+SUHNER AG ::FY OVERALL ORDER INTAKE INCREASED BY 10.7 % TO CHF 826.3 MILLION‍​.FY NET SALES ACROSS ALL OF THE TECHNOLOGY SEGMENTS GREW BY 5.0 % TO CHF 774.0 MILLION.FY EBIT MARGIN DECLINED BY 2.0 PERCENTAGE POINTS TO 7.5 %.FY NET INCOME FELL FROM CHF 53.2 MILLION IN THE PREVIOUS YEAR TO CHF 42.1 MILLION.PROPOSES TO THE ANNUAL GENERAL MEETING A PAYOUT OF CHF 1.10 PER SHARE‍​.HAS STARTED THE 2018 FINANCIAL YEAR ON A POSITIVE NOTE.HUBER+SUHNER - EXPECTS TO REMAIN ON GROWTH PATH AND EBIT MARGIN IN CURRENT YEAR TO RETURN TO MEDIUM-TERM TARGET RANGE OF 8–10 %.  Full Article

Huber+Suhner ‍acquires 100 pct of Inwave Elektronik AG ​
Friday, 10 Nov 2017 12:05pm EST 

Nov 10 (Reuters) - HUBER+SUHNER AG ::‍ACQUIRES 100 PER CENT OF INWAVE ELEKTRONIK AG IN REUTE (SWITZERLAND)​.‍BOTH PARTIES HAVE AGREED TO TREAT FINANCIAL DETAILS OF TRANSACTION AS CONFIDENTIAL​.  Full Article

Huber+Suhner 9-month sales up 5 pct at CHF 588.3 million
Tuesday, 24 Oct 2017 12:52am EDT 

Oct 24 (Reuters) - HUBER+SUHNER AG ::9-MONTH ‍CHF 623.6 MILLION ORDER INTAKE, WHICH REPRESENTS AN INCREASE OF 10 % ON SAME PERIOD LAST YEAR​.9-MONTH ‍NET SALES ROSE TO CHF 588.3 MILLION (+5 %)​.‍EXPECTS TO SEE GROWTH IN NET SALES OF AROUND 4 % IN 2017​.‍ASSUMES AN EBIT MARGIN OF AT LEAST 7 % FOR FULL-YEAR 2017​.  Full Article

Huber+Suhner H1 net income down 27.5 pct at CHF 23.9 million
Tuesday, 22 Aug 2017 01:00am EDT 

Aug 22 (Reuters) - HUBER+SUHNER AG ::H1 NET SALES INCREASED DYNAMICALLY TO CHF 410.7 MILLION (+7.7 %).H1 EBIT DECLINED TO CHF 32.8 MILLION (−21.8 %).H1 NET INCOME AMOUNTED TO CHF 23.9 MILLION (PREVIOUS YEAR CHF 33.0 MILLION), DOWN 27.5 % YEAR-ON-YEAR.COMPARED TO VERY DYNAMIC FIRST HALF OF THE YEAR, A SLIGHTLY LOWER BUSINESS VOLUME IS ASSUMED FOR THE SECOND HALF.EXPECTS GROWTH OF AROUND 5 % IN 2017 COMPARED TO THE PREVIOUS YEAR, ASSUMING THE CURRENCY SITUATION REMAINS SIMILAR.FY EBIT MARGIN IS LIKELY TO BE IN THE LOWER HALF OF THE MID-TERM TARGET RANGE OF 8–10 %.  Full Article

Huber+Suhner sells cable system project for Twindexx trains to Kabel-Technik Polska
Tuesday, 1 Aug 2017 02:13am EDT 

Aug 1 (Reuters) - HUBER+SUHNER AG ::SAID ON MONDAY HAS DECIDED TO DISTANCE ITSELF IN THE EUROPEAN RAILWAY MARKET FROM BUSINESS INVOLVING BUILD-TO-PRINT HARNESSING .AS PART OF THIS ALIGNMENT, HUBER+SUHNER SIGNED THE CONTRACT FOR THE SALE OF ITS CABLE SYSTEM PROJECT FOR THE TWINDEXX TRAINS TO KABEL-TECHNIK POLSKA SP. Z O.O. (PART OF PKC GROUP AND ULTIMATELY MSSL) ON 31 JULY 2017. THE SALE SHALL COME INTO FORCE ON 1 SEPTEMBER 2017, AFTER THE END OF A PHASE FOR COMPLETION OF CLOSING CONDITIONS.THE BUSINESS WITH WIRES AND CABLES IS NOT AFFECTED BY THIS DECISION.  Full Article

Huber+Suhner FY net income up at 49.1 mln Swiss francs
Tuesday, 14 Mar 2017 02:11am EDT 

Huber+Suhner AG : FY order intake increased by 6.2 pct to 746.6 million Swiss francs ($741.41 million) compared to the previous year . FY net sales increased to 737.2 million Swiss francs (+ 4.4 pct). In organic terms, i.e. excluding currency, copper and portfolio impacts, growth in net sales amounted to 3.8 pct . FY net income of 49.1 million Swiss francs almost doubled compared to the previous year (24.7 million Swiss francs) . Proposes to the annual general meeting to raise the dividend from 1.00 Swiss francs per share in the previous year to 1.25 Swiss francs . The midterm EBIT margin target range has been raised to 8–10 pct (before 6–9 pct) .Expects in 2017 – assuming that exchange rates remain similar to those in 2016 – to be able to stay on the growth path and to reach an EBIT margin within the new midterm target range.  Full Article

HUBER+SUHNER is extending its sales partner network in Japan
Tuesday, 7 Mar 2017 04:33am EST 

HUBER+SUHNER AG : Is extending its sales partner network in Japan, strengthening its services in communication and marine industries .Says partnership with M-RF will strengthen the company’s services in the communications sector while the partnership with RIX Corporation will strengthen services in the marine industry.  Full Article

Huber+suhner and ENGIE INEO sign framework agreement for modernisation of TGV fleet
Thursday, 9 Feb 2017 04:07am EST 

Huber+Suhner AG : HUBER+SUHNER and ENGIE INEO sign framework agreement for modernisation of TGV fleet . Signed a framework agreement to equip 140 trains of french railway company SNCF's très grande vitesse (TGV) high-speed fleet . Until 2018, HUBER+SUHNER will supply all required passive components for world's first broadband passenger wi-fi network on high-speed trains with ENGIE INEO speeds of up to 300km/h .Contract also includes an option to equip a further 160 trains in 2017-2018.  Full Article

Huber+suhner H1 net income up markedly to CHF 29.9 mln
Tuesday, 30 Aug 2016 01:05am EDT 

Huber+Suhner AG : H1 order intake reached 388.4 million Swiss francs ($396.25 million) (+9.0 percent), while net sales grew to 381.2 million francs (+7.1 percent) . H1 EBIT increased significantly to 38.4 million francs (+65.2 percent) . H1 net income rose markedly from 6.1 million francs to 29.9 million francs . Anticipates continued positive development in the second half year of 2016 .Expects to see growth in net sales compared with 2015 of at least 5 percent, EBIT margin for 2016 as a whole will also probably slightly exceed the medium term target range of 6-9 percent.  Full Article

Huber+suhner and Bombardier Transportation sign 5-yr agreement
Thursday, 25 Aug 2016 01:00am EDT 

Huber+Suhner AG : Huber+suhner and Bombardier Transportation sign five-year partnership agreement .Agreement represents a further milestone in the good collaboration between the two companies and guarantees the leading market position of Huber+suhner over the coming five years.  Full Article

BRIEF-Huber+Suhner FY Net Income At CHF 42.1 Million

* FY OVERALL ORDER INTAKE INCREASED BY 10.7 % TO CHF 826.3 MILLION‍​