Orell Füssli Ltd
Orell Füssli significantly increased sales and earnings in 2023
- Orell Füssli significantly increased sales and earnings in 2023
- Revenue up by 7%, EBIT by 21%, net profit by 25%
- Dividend proposed to increase to CHF 3.90 per share
Orell Füssli AG / Key word(s): Annual Results Ad hoc announcement pursuant to Art. 53 LR |
Orell Füssli significantly increased sales and earnings in 2023
- Increase in revenue by 7% and EBIT by 21%
- Substantial increase of 25% in net profit
- All divisions contributed to growth
- Successful implementation of strategic projects
- Board of Directors proposes to AGM to increase the dividend to CHF 3.90 per share
Zurich, March 8, 2024 - Orell Füssli reported pleasing results in 2023 which were significantly higher than in the previous year. The group increased sales to CHF 232.2 million (previous year CHF 217.3 million) and operating result (EBIT) to CHF 18.1 million (previous year CHF 14.9 million). All divisions contributed to the higher revenue. EBIT margin improved by 0.9 percentage points to 7.8%. Net profit rose by 25% to CHF 14.6 million (previous year: CHF 11.7 million). Orell Füssli's shareholders' equity is solid at CHF 132.1 million. The equity ratio remained nearly unchanged at 74.0% (previous year 74.5%).
The implementation of the growth strategy in the areas of security and education is well under way and the results show that the Orell Füssli Group is strategically and operationally well positioned to strengthen and further expand its leading market position in analog and digital trust services.
Security printing
The Security Printing Division increased sales to CHF 77.2 million in 2023 (previous year: CHF 70.4 million), which was higher than forecasted. Capacity utilisation in the division was high throughout the year thanks to a good order backlog. The operating result (EBIT) improved by 9% to CHF 10.6 million (previous year: CHF 9.7 million) due to higher sales, operating efficiency and despite increased costs for raw materials.