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Huber+Suhner company logo
Corporation
MOBILE & TELECOMMUNICATIONS | Fiber Optics
hubersuhner.com

Partners & Customers

10

About Huber+Suhner

HUBER+SUHNER (SWX: HUBN) develops and manufactures components and system solutions for electrical and optical transportation of data and energy. The company serves customers in the communication, transportation, and industrial markets with cables, connectors, cable systems, antennas, and other passive components relying on its expertise in radio frequency, fiber optics, and low-frequency technologies.

Headquarters Location

Tumbelenstrasse 20

Pfaffikon, 8330,

Switzerland

+41 44 952 22 11

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Latest Huber+Suhner News

HUBER+SUHNER: lower business volume overall in a challenging environment – net sales growth in Transportation segment and strategic growth initiatives

Jan 23, 2024

Official HUBER+SUHNER AG press release HUBER+SUHNER: lower business volume overall in a challenging environment – net sales growth in Transportation segment and strategic growth initiatives January 23, 2024 at 12:47 am EST Share HUBER+SUHNER AG / Key word(s): Incoming Orders HUBER+SUHNER: lower business volume overall in a challenging environment – net sales growth in Transportation segment and strategic growth initiatives 23-Jan-2024 / 06:45 CET/CEST The issuer is solely responsible for the content of this announcement. Ad hoc announcement pursuant to Art. 53 LR - 23.01.2024 Business volume stabilises in fourth quarter despite seasonal effects – significant proportion of the shortfall in sales attributable to currency effects Order intake and net sales 2023 (unaudited) In CHF million Following a strong first quarter, HUBER+SUHNER saw a marked slowdown in most target markets in the 2023 financial year. Over the course of the second half of the year, business volume stabilised at a lower level. The decline in both order intake and net sales compared to the very strong previous year can be attributed to three main factors: the weak North American market due to declining 5G rollouts, the general trend of customers reducing high inventory levels, which was observed in many markets, and a significant strengthening of the Swiss franc. Despite the lower net sales in the reporting year and the challenging environment, some business areas, most notably the Transportation segment and the five strategic growth initiatives as a whole, did report positive development. Order intake for 2023 amounted to CHF 821.4 million, which was 15.8 % below the prior-year value, while net sales for the year declined by 10.8 % to CHF 851.1 million. Adjusted for currency, copper price and portfolio effects, the decline in sales compared to the previous year was 6.3 %. In the Industry segment, the continued depletion of inventories at customers over the entire reporting year delayed the awarding of new orders, while net organic sales were roughly on a par with the previous year. The aerospace and defense growth initiative reported double-digit percentage growth in both order intake and net sales, whereas the other subsegments fell short of their prior-year levels. The high-power charging subsegment, which had experienced impressive growth in recent years, was lacking both momentum in the important US market resulting from regulatory uncertainties and clarity regarding charging standards. Towards the end of the year, solutions began to emerge for both of these factors, allowing more planning certainty to return to this growth market. A much weaker communications market resulted in significantly lower volumes around the world, which impacted the entire industry. For the communications business of HUBER+SUHNER, the combination of declining 5G rollouts in North America and high inventories throughout the supply chain resulted in a sharp decline in demand, especially in the second and third quarters. Towards the end of the reporting year, however, the Communication segment successfully secured new mobile communication rollouts in Asia as well as AI projects in the data center growth initiative. Overall, the book-to-bill rate by the end of the year was again slightly above 1 thanks to a significant increase in orders in the fourth quarter. The Transportation segment closed the year with growth in net sales, and order intake at almost the same level as in the previous year. This growth was attributable to both the automotive and railway subsegments. In addition to strong demand for high-voltage cable systems for commercial vehicles, demand for solutions in the two growth initiatives of advanced driver assistance system (ADAS) and rail communications was also positive. The detailed business results will be presented at the media and analysts’ conference on 5 March 2024. This media release can also be found under https://www.hubersuhner.com/en/company/media/news The definition of Alternative Performance Measures can be found under https://www.hubersuhner.com/en/company/investors/publications

Huber+Suhner Acquisitions

5 Acquisitions

Huber+Suhner acquired 5 companies. Their latest acquisition was Phoenix Dynamics on October 31, 2022.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

10/31/2022

$99M

Acquired

2

5/2/2021

Series B

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$99M

$99M

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10

10/1/2019

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$99M

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10

11/21/2017

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$99M

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10

5/30/2016

Debt

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$99M

$99M

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10

Date

10/31/2022

5/2/2021

10/1/2019

11/21/2017

5/30/2016

Investment Stage

Series B

Debt

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$99M

$99M

Note

Acquired

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Sources

2

10

10

10

10

Huber+Suhner Partners & Customers

10 Partners and customers

Huber+Suhner has 10 strategic partners and customers. Huber+Suhner recently partnered with PaxLife Innovations on September 9, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

9/12/2022

Client

Germany

HUBER+SUHNER develops new railway certified rooftop antenna for DAB+ to enable live radio broadcasti - HUBER+SUHNER

The partnership between HUBER+SUHNER and PaxLife Innovations GmbH will enable DAB + radio broadcasting for a regional German railway operator .

1

1/1/2022

Partner

Netherlands

4/6/2020

Client

HUBER+SUHNER: Agreement to supply RADOX® cables for Bombardier Transportation trains extended - HUBER+SUHNER

Following a successful cooperation of two decades , industry-leading Bombardier decided to continue the partnership with HUBER+SUHNER thanks to its extensive experience and in-depth knowledge of railway cabling solutions .

1

7/18/2019

Client

United States

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10

11/20/2018

Partner

Germany

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10

Date

9/12/2022

1/1/2022

4/6/2020

7/18/2019

11/20/2018

Type

Client

Partner

Client

Client

Partner

Business Partner

Country

Germany

Netherlands

United States

Germany

News Snippet

HUBER+SUHNER develops new railway certified rooftop antenna for DAB+ to enable live radio broadcasti - HUBER+SUHNER

The partnership between HUBER+SUHNER and PaxLife Innovations GmbH will enable DAB + radio broadcasting for a regional German railway operator .

HUBER+SUHNER: Agreement to supply RADOX® cables for Bombardier Transportation trains extended - HUBER+SUHNER

Following a successful cooperation of two decades , industry-leading Bombardier decided to continue the partnership with HUBER+SUHNER thanks to its extensive experience and in-depth knowledge of railway cabling solutions .

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Sources

1

1

10

10

Huber+Suhner Team

9 Team Members

Huber+Suhner has 9 team members, including current President, Andy Hollywood.

Name

Work History

Title

Status

Andy Hollywood

President

Current

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Name

Andy Hollywood

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Work History

Title

President

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Status

Current

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