Business in 2018
The Orell Füssli Group posted a decline in net revenue in 2018. This was attributable to lower net revenue at the Security Printing and Zeiser divisions. Operating earnings (EBIT) were unchanged at the previous year’s level. After adjustments for special items operating earnings (EBIT) were higher than in the previous year.
Orell Füssli reported net revenue of CHF 264.9 million in the 2018 financial year, equivalent to a decline of some 8% compared to the previous year (CHF 288.5 million). This was mainly attributable to lower outcomes at the Security Printing and Zeiser divisions. Operating earnings (EBIT) before special items amounted to CHF 20.1 million in 2018, representing an increase of some 12% compared to the previous year (CHF 17.9 million). Operating earnings (EBIT) were CHF 12.0 million (CHF 12.6 million in 2017). This figure includes special items amounting to CHF -8.1 million, which originate mainly from expenditure in connection with the restructuring of Zeiser. Net income at Orell Füssli was depressed mainly by non-recurring, non-cash expenditure in the amount of CHF 54.0 million relating to the sale of parts of Atlantic Zeiser’s business and amounted to CHF -47.2 million.
Shareholders’ equity including minority interests declined from CHF 156.2 million to CHF 148.5 million. The equity ratio was 66.5% (68.1% in 2017).
|in CHF thousand||2018||2017||2016||2015||2014|
|Division Zeiser (until 2017 Atlantic Zeiser)|
|Net revenue from sales to customers||50,708||55,850||72,198||52,670||73,929|
|Operating earnings before special items||–1,162||–2,062||3,892||3,369||2,234|
|Operating earnings (EBIT)||–8,524||–6,723||1,958||369||2,598|
|Division Security Printing|
|Net revenue from sales to customers||112,318||129,845||121,183||117,446||92,689|
|Operating earnings before special items||18,767||20,145||17,432||18,427||–992|
|Operating earnings (EBIT)||18,020||20,145||17,432||17,514||–643|
|Division Book Retailing|
|Net revenue from sales to customers||92,171||91,673||94,776||98,832||110,366|
|Operating earnings before special items||4,970||1,971||1,550||1,820||2,384|
|Operating earnings (EBIT)||4,970||1,587||2,022||1,820||3,080|