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News
09.02.2015 | Our Reaction To The Drop In The Value Of The Euro
back to overviewInformation For the Swiss Customers of Kubo Tech AG
The recent massive drop of the value of the euro was very surprising for all of us. In order to tackle the several uncertainties and questions which are related to this, we want to react quickly and flexibly.
A general euro discount seems to be the simplest solution. However, the situation is more complex, which lead us to a whole package of measures. These measures are valid until further notice, respectively as long as between the Swiss Franc and the euro an exchange rate of 1.05 is applicable.
These are the measures we have prepared for you and what your benefits are:
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Customized articles without price list are calculated with the current exchange rate since January 19, 2015. For materials with euro zone origin, this means a price reduction between 5 and 13 % depending on the added value created in our premises.
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Our list prices for products on stock, for the time being, remain unchanged – at least until we can observe a stabilization of the exchange rates in the longer term. Nevertheless, for the purchase of stock articles with European origin we grant you a euro discount of 7 %.
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For Swiss products, in the short run, no price reduction or only a low reduction will be possible. This possible reduction will be calculated individually and depending on the pre-materials. A switch to foreign suppliers or a relocation of the production abroad is out of scope. We are still strongly committed to Switzerland as a centre of industry.
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For Swiss customers invoiced in euro, prices are being adapted to the new exchange rate. According to the origin of the material, this will account for 5 to 15 %. A switch to invoicing in Swiss Francs is possible at any time.
With this procedure, we pass on all the price benefits resulting from de devaluation of the euro to our customers. It is our goal that your Swiss products remain demanded and competitive also in the future.
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