Huber + Suhner AG

Latest Results (04.03.2026):

HUBER+SUHNER AG — Full‑year 2024 (covering Q4 2024 / FY2024): The company reported a stronger 2024 with order intake CHF 908.0m (+10.5% y/y), net sales CHF 893.9m (+5.0%), EBIT CHF 86.6m (+11.7%) and net income CHF 72.3m (+11.5%). EBIT margin improved to 9.7% and net income margin to 8.1%. Book‑to‑bill was 1.02, order backlog CHF 291.0m, operating cash flow CHF 90.2m and net liquidity CHF 184.1m. The Board proposes a higher dividend of CHF 1.90 per share.

Top‑line and orders

Order intake rose to CHF 908.0m (+10.5%) and net sales to CHF 893.9m (+5.0%). Book‑to‑bill was slightly above 1 (1.02) and year‑end order backlog stood at CHF 291.0m. APAC sales grew strongly (+26.0%), Americas +6.1%, Europe down −5.2%.

Profitability

EBIT increased to CHF 86.6m (+11.7%) with an EBIT margin of 9.7% (2023: 9.1%). Net income was CHF 72.3m (+11.5%) and net income margin 8.1%. Gross margin remained stable at ~35.4%.

Segment highlights

Communication: standout performer — order intake CHF 343.2m (+21.1%), net sales CHF 353.6m (+26.1%) and EBIT margin improved to 8.1% (from 4.9%). Industry: order intake CHF 306.1m (+18.6%) but net sales slightly down to CHF 276.7m (−3.0%); EBIT margin 17.0%. Transportation: weaker vs. 2023 — order intake CHF 258.7m (−7.6%), net sales CHF 263.6m (−7.6%) and EBIT margin fell to 7.3% (from 9.1%).

Cash flow, liquidity and balance sheet

Cash flow from operating activities was CHF 90.2m (down from CHF 115.7m), impacted by longer payment terms in Asia. Net liquidity at year‑end was CHF 184.1m and equity CHF 656.5m (equity ratio 73.8%). ROIC improved to 16.8%.

Investment and workforce

R&D investment was CHF 56.2m in 2024; purchases of PP&E and intangible assets were CHF 44.7m. Employee count decreased to 3,975 (from 4,109).

Capital allocation & shareholder return

The Board proposes a higher dividend of CHF 1.90 per share (up from CHF 1.70), representing a payout ratio of ~49% (near the top of the 40–50% range).

Outlook and targets

For 2025 HUBER+SUHNER expects net sales to remain roughly at 2024 levels and reiterates a medium‑term EBIT target range of 9–12%. Guidance assumes no material adverse moves in inflation, FX or geopolitics.

ESG and governance

Sustainability: SBTi validated the company’s climate targets in Jan 2025 (aims: −55% Scope 1+2 and −25% Scope 3 by 2030). Management: Richard Hämmerli became CFO at the start of 2025, replacing Ivo Wechsler (retirement).