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Business in 2020

In the 2020 financial year the Orell Füssli Group’s net sales and operating earnings (EBIT) were lower than in the previous year. The majority of the decline is attributable to the difficult market environment caused by Corona, the postponement of orders in security printing and the sale of a Zeiser activity in the previous year.

Orell Füssli achieved results in line with expectations in the 2020 financial year. Net sales in the past financial year were 8% lower than in the same period of the previous year and amounted to CHF 218.6 million (CHF 237.4 million in the previous year). Operating income (EBIT) amounted to CHF 14.4 million, a reduction of 20% compared with the previous year (CHF 18.2 million). The Orell Füssli Group’s net result for the 2020 financial year increased to CHF 15.0 million (previous year CHF 10.9 million) due to tax and financial effects. Shareholders’ equity including minority interests was slightly lower at CHF 144.5 million (previous year CHF 147.8 million). The equity ratio of 68.4% is slightly above the previous year (66.8%).

Segment figures

in CHF thousand   2020   2019   2018   2017   2016
Division Security Printing
Net revenue from sales to customers   87,301   101,175   112,318   129,845   121,183
Operating earnings before special items   5,511   11,275   18,767   20,145   17,432
Operating earnings (EBIT)   5,511   9,209   18,020   20,145   17,432
Division Zeiser (until 2017 Atlantic Zeiser)
Net revenue from sales to customers   24,790   29,186   50,708   55,850   72,198
Operating earnings before special items   5,103   4,804   –1,162   –2,062   3,892
Operating earnings (EBIT)   5,291   6,416   –8,524   –6,723   1,958
Division Book Retailing
Net revenue from sales to customers   96,213   97,353   92,171   91,673   94,776
Operating earnings before special items   5,505   6,508   4,970   1,971   1,550
Operating earnings (EBIT)   5,505   6,508   4,970   1,587   2,022