Huber+Suhner AG (0QNH) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, and welcome to Hubert Suner's half-year conference 2022. I will start the presentation with an overview of the first half year's figure of Huber Sooner. I will be followed here on stage by our CFO, Ivo Wechsler, who will dive together with you into the details of our mid-year result. And then towards the end, I'll share an outlook and the most important trends in our key markets with you, followed by a Q&A session. As mentioned, we can report very strong half-year results. We have seen on the volumes, particularly orders that came in above a very strong last year with just 0.8% above, close to 500 million. We were able to show significant growth on our net sales by 12.5%, the details on how much is organic and all the details in the different segments will be provided by Ivo Wechsler in the second part of the presentation. We have been able to fight also back the margin pressure, which was significant in these first six months of 2022, which helped also to safeguard the profitability in the range of the double digit margins. So our operating profit came in just above the excellent last year's figures, and we were able to have an increase of 4.5% on EBIT in absolute terms, which marks 11.3% on return on sales. Also, on net income, we managed to outperform the excellent last year's result by just 4.6% and at a margin of 9.2% on net income. I'm going to give you a few more insights into our six-month results following the three dimensions of our business, starting with the main dimensions since one and a half years, which are the market segments. That's the dimension which we consolidate the global figures. And then I'll also share with you some details on the technologies as well as on the regions. Starting with the main contributor to our profita...