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3.1 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).

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.

Industrial Systems

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

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 2020 and 2019, 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 2020

in CHF thousand                            
    Security
Printing
  Industrial
Systems
  Book
Retailing
 
Other
  Total
segments
  Un-
allocated
  Total
Group
Net revenues from segment sales   87,301   24,521   96,210   10,274   218,306   250   218,556
Inter-segment sales     269   3   9   281   –281  
Net revenue from sales to customers   87,301   24,790   96,213   10,283   218,587   –31   218,556
 
Earnings before interest and taxes (EBIT)   5,511   5,291   5,505   1,017   17,324   –2,945   14,379

Segment results 2019

in CHF thousand                            
    Security
Printing
  Industrial
Systems
  Book
Retailing
 
Other
  Total
segments
  Un-
allocated
  Total
Group
Net revenues from segment sales   101,175   28,828   97,352   9,818   237,173   250   237,423
Inter-segment sales     358   1   27   386   –386  
Net revenue from sales to customers   101,175   29,186   97,353   9,845   237,559   –136   237,423
 
Earnings before interest and taxes (EBIT)   9,209   6,416   6,508   –1,219   20,914   –2,749   18,165