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HUBER+SUHNER: Significant Increase in Industrial Market
Official Press Release HUBER+SUHNER:
HUBER+SUHNER: A major project coming to an end and a weaker railway market in China result, as expected, in a lower business volume after nine months
Percentage decline in order intake and net sales unchanged compared to first half year – Europe showing strong growth, declining sales in Asia – Significant increase in the industrial market – Double-digit plus in net sales in the Radio Frequency technology segment – Outlook confirmed
As expected, the first nine months of the year were marked by slower growth in the Chinese railway market and by a major project coming to an end. In addition, in the global supply chains some inventories were high due to the tight supply situation for certain materials in the previous year and were increasingly worked down. The order intake of CHF 629.1 million after nine months was 13 % down on the previous year, and net sales decreased by 5 % to CHF 648.7 million. The percentage... ... More: Official Press Release HUBER+SUHNER
- Keywords:
- HUBER+SUHNER, growth, sales, Asia, India, fiber optics, frequency, railway, market, earnings, Q3
