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4.1 Segment reporting by business units

The business activities of the Orell Füssli Group are organised in three main segments, which provide the basis for regular internal segment reporting. Segment reporting provides information on sales revenues and the operating result (EBIT).

Industrial Systems

Construction, production, installation, sales and distribution and after sales service of equipment for the serialization of banknotes and security documents.

Security Printing

Production and marketing of banknotes, security documents, identity cards and other documents with high security requirements. The net revenue of this segment includes revenues from production orders calculated using the percentage of completion method.

Book Retailing

Sale of books and similar products in numerous bookstores in German-speaking Switzerland and on the internet. In particular, this segment includes the 50% of the income statement and the balance sheet of the Orell Füssli Thalia Ltd joint venture company.

Other business activities

In 2018 and 2017, this segment consisted primarily of the publishing business.

Unallocated

Infrastructure services as well as the costs and revenues of the holding are not allocated as these are managed at group level and not attributed to individual segments. Further, consolidation effects arising from inter-segment revenue in this category are eliminated.

Segment results 2018

in CHF thousand                            
    Industrial
Systems
  Security
Printing
  Book
Retailing
 
Other
  Total
segments
  Un-
allocated
  Total
Group
Net revenues from segment sales   50,469   112,318   92,171   9,659   264,617   250   264,867
Inter-segment sales   239       463   702   –702  
Net revenue from sales to customers   50,708   112,318   92,171   10,122   265,319   –452   264,867
 
Earnings before interest and taxes (EBIT)   –8,524   18,020   4,970   –311   14,155   –2,165   11,990
 
Extraordinary result   –54,035         –54,035     –54,035

Segment results 2017

in CHF thousand                            
    Industrial
Systems
  Security
Printing
  Book
Retailing
 
Other
  Total
segments
  Un-
allocated
  Total
Group
Net revenues from segment sales   55,715   129,845   91,673   11,019   288,252   250   288,502
Inter-segment sales   135       58   193   –193  
Net revenue from sales to customers   55,850   129,845   91,673   11,077   288,445   57   288,502
 
Earnings before interest and taxes (EBIT)   –6,723   20,145   1,587   –126   14,883   –2,240   12,643

The disposed sections of the segment Industrial Systems to Coesia S.p.A realize until 30 September 2018 net revenue from sales to customer of CHF 30,009,000. The net revenue from sales to customer for the remaining business amounts to CHF 20,699,000.