Swiss fiber-optic cable manufacturer faces challenges in 2023
- Huber + Suhner reports lower sales and order intake for 2023
- Sales drop by 11% to CHF 851.1 million
- Order intake declines by 16% to CHF 821.4 million
- Slowdown in target markets and strong Swiss franc to blame
- Decline in 5G rollouts in North America and high inventories affect demand
- Transportation segment sees growth in sales of 5.5% to CHF 285.5 million
- Full-year results to be released on March 5
Huber + Suhner, a Swiss fiber-optic cable manufacturer, reported lower sales and order intake for 2023. The company’s group sales for the full year amounted to 851.1 million Swiss francs ($979.2 million), representing an 11% drop compared to the previous year. Similarly, order intake declined by 16% to CHF 821.4 million. The decline in sales and order intake can be attributed to a slowdown in target markets and the impact of a strong Swiss franc. The company cited a decline in 5G rollouts in North America and high inventories throughout the supply chain as factors affecting demand. However, the transportation segment experienced growth in sales of 5.5% to CHF 285.5 million, driven by solid demand in the automotive and railway segments. Huber + Suhner will release further information on its full-year results on March 5.
Public Companies: Huber + Suhner (null)
Private Companies:
Key People:
Factuality Level: 8
Justification: The article provides specific information about the sales and order intake of Huber + Suhner, including the percentage drop compared to the previous year. It also mentions the reasons for the decline in sales, such as a slowdown in target markets, a decline in 5G rollouts in North America, and a strong Swiss franc. The article includes information about the growth in sales in the transportation segment. Overall, the article provides factual information supported by specific details.
Noise Level: 4
Justification: The article provides relevant information about Huber + Suhner’s lower sales and order intake for 2023, attributing it to a slowdown in target markets, a decline in 5G rollouts in North America, high inventories, and a strong Swiss franc. It also mentions the growth in sales in the transportation segment. However, the article lacks in-depth analysis, scientific rigor, and actionable insights. It mainly focuses on reporting the company’s financial figures without exploring the consequences or providing solutions.
Financial Relevance: Yes
Financial Markets Impacted: The financial markets impacted by this news article are the Swiss franc exchange rate and the stock market performance of Huber + Suhner.
Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article discusses the financial performance of Huber + Suhner due to a slowdown in target markets and a strong Swiss franc. While there is no mention of an extreme event, the financial relevance of the article is evident as it provides information on the company’s sales and order intake, which can impact financial markets and investor sentiment.
www.marketwatch.com 
