HUBER+SUHNER – Net sales calculated at constant exchange rates almost at previous year's level

During the 2015 fiscal year, HUBER+SUHNER achieved net sales of CHF 706 million, which represents a 6% decrease compared to the previous year. At constant exchange rates, the difference compared to the previous year is only approximately -2%, while organically (in local currency, without copper effect and portfolio effect neutralised) it is approximately -6%. The company's order intake of CHF 703 million decreased by 9% in Swiss francs. Following the "Swiss franc shock" and thanks to rapidly introduced measures, the business situation stabilised throughout the year. HUBER+SUHNER has started the 2016 fiscal year in a solid position.

The Communication market gained slightly, in particular due to significant sales growth in India and South-East Asia. In addition, the company Cube Optics, acquired in October 2014, displayed very dynamic growth. China, on the other hand, showed slower development than expected, which affected not only the Communication market but also and above all the Transportation market. Although important new rail contracts were secured in Europe, various large projects ended in 2015. Overall, HUBER+SUHNER achieved a lower business volume in the Transportation market influenced strongly by projects. Sales in the Industrial market were also down during the past year, which could be traced back to the weak demand for measurement and test technology, as well as the currency effects and the solar base effect.

HUBER+SUHNER confirms the EBIT margin target range announced for 2015 of 6-7.5%. The company will present the definitive 2015 results at the media and analysts' conference on 8 March 2016.

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