Hügli achieves best ever results in earnings and profitability
Hügli has once again been able to increase its profitability by focusing on increasing earnings. Organic revenue growth in 2010 was moderate at +3.2% in the consolidation phase. The unfavourable exchange rates as a result of the strong Swiss Franc depressed revenues in particular, which fell by a total of -4.7% to CHF 372.2 million (£249.3m) Thanks to an improved product mix and further improvements in efficiency and cost management we were able to increase our EBIT by +7.1% to CHF 37.8 million (£25.3m) and consolidated profits lifted due to extraordinary sales income by +18.1% to CHF 27.4 million (£18.4m). The return on the operating net assets invested increased to a very good 14.3%. These are the best ever results for Hügli – in absolute figures and also in terms of profitability.
The Board of Directors is proposing a dividend of CHF 15.50 per bearer shares – up CHF 2.00 or 15% compared to the previous year.
