Huber + Suhner AG

Latest Results (19.01.2026):

Huber + Suhner AG — reporting on full‑year 2024 (including Q4 2024): the company delivered higher order intake and sales and improved profit margins for FY 2024. Order intake rose to CHF 908.0m (+10.5%), net sales to CHF 893.9m (+5.0%), EBIT increased to CHF 86.6m (+11.7%) giving a 9.7% EBIT margin, and net income was CHF 72.3m (+11.5%). Book‑to‑bill was 1.02, year‑end order backlog CHF 291.0m, operating cash flow was CHF 90.2m and net liquidity CHF 184.1m. The Board proposes a higher dividend of CHF 1.90 per share.

Key financials

Order intake CHF 908.0m (+10.5%); net sales CHF 893.9m (+5.0%); EBIT CHF 86.6m (9.7% margin); net income CHF 72.3m (8.1% margin). EPS CHF 3.87. ROIC 16.8%; equity CHF 656.5m; market cap CHF 1,369.2m as of 31.12.2024.

Cash, liquidity and cash flow

Cash flow from operating activities CHF 90.2m (down vs CHF 115.7m in 2023, affected by longer payment terms in Asia). Net liquidity remained strong at CHF 184.1m. Capex/purchases of PP&E & intangibles CHF 44.7m. Free operating cash flow CHF 53.4m.

Segments — Communication

Standout performance: order intake CHF 343.2m (+21.1%), net sales CHF 353.6m (+26.1%). Improvement driven by a large mobile roll‑out in India and data‑centre/AI demand; EBIT rose to CHF 28.7m (8.1% margin), a marked turnaround vs 2023.

Segments — Industry

Order intake CHF 306.1m (+18.6%) while net sales fell slightly to CHF 276.7m (‑3.0%). Aerospace & defence and other subsegments strengthened; Industry EBIT margin improved to 17.0% (CHF 47.0m).

Segments — Transportation

Order intake and net sales both declined 7.6% (orders CHF 258.7m; sales CHF 263.6m). Railway demand was healthy but automotive/EV commercial vehicle demand weakened. EBIT fell to CHF 19.1m (7.3% margin).

Investments, strategy and sustainability

R&D investment CHF 56.2m in 2024 to support growth initiatives (aerospace & defence, data centre, rail, EV infrastructure). In Jan 2025 the company’s 2030 climate targets were validated by SBTi (55% Scope 1+2 reduction; 25% Scope 3 reduction).

Corporate and capital returns

Board proposes dividend CHF 1.90 (up from CHF 1.70), payout ratio ~49%. CFO transition: Richard Hämmerli took over at start of 2025. Management confirms medium‑term EBIT target range 9–12% and expects 2025 sales roughly at 2024 level given market uncertainties.