Orell Füssli Ltd

Further revenue growth in first half of the year

Orell Füssli AG / Key word(s): Half Year Results Orell Füssli Ltd: Further revenue growth in first half of the year 31-Jul-2023 / 06:30 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 LR The issuer is solely responsible for the content of this announcement. Ad hoc announcement pursuant to Art. 53 KR

Orell Füssli Ltd half-year 2023
Further revenue growth in first half of the year

• Revenue increased by 7.6%
• Security Printing wins various international projects
• Book Retailing continues to expand
• New Swiss driving licence introduced
• Profitability below previous year due to investments in digital businesses

Zurich, 31 July 2023 - Orell Füssli achieved solid business results in line with expectations in the first half of 2023. Growth continued despite ongoing uncertainties in the market and revenue increased further to CHF 105.0 million (previous year CHF 97.6 million) in the first half of the year, which is typically weaker than the second. At CHF 5.4 million, the operating result (EBIT) was in line with expectations and was below the previous year’s level (CHF 7.4 million) due to investments in the establishment and development of digital business areas and positive one-off effects also had an impact last year. The first half of the year saw Orell Füssli Group systematically pursuing and further consolidating the establishment of new business areas, an important component of its strategy for the future.

Security Printing

The Security Printing division reported a high order backlog and good capacity utilisation for the first half of 2023. The division maintained its strong performance in the first six months of the year, winning several international tenders for banknote printing. Revenue in Security Printing rose to CHF 39.2 million in the reporting period (previous year CHF 38.0 million). The operating result (EBIT) was CHF 6.1 million (previous year CHF 7.8 million) driven by the product mix with its high share of international projects. Orell Füssli is the general contractor for the new Swiss driving licence, which meets the highest international and European standards for driving licence security and was successfully launched on the market in the first half of 2023.