The 2016 financial year
- Net Sales
- CHF 1858 Mio.
- CHF 151 Mio.
- Net Profit
- CHF 116 Mio.
RUAG posted the highest sales figure in its history in 2016. Earnings before interest and taxes (EBIT) and order intake also reached new heights.
Year,Civil,Military 2016,57,43 2015,55,45
(in CHF million)
Year,Space,Aerostructures,Aviation,Ammotec,Defence 2016,345,236,469,385,388 2015,310,196,479,340,381
Year,Switzerland,Europe,North America,Asia/Pacific,Rest of the world 2016,37,46,11,4,2 2015,38,44,12,3,3
Overview of key figures
|in CHF million||2016||2015||Change in %|
|Net sales||1858||1774||6.5 %|
|Operating income||1882||1758||7.1 %|
|Earnings before interest, taxes, depreciation and amortization (EBITDA)||232||217||6.9 %|
|Earnings before interest and taxes (EBIT)||151||137||10.4 %|
|Net profit||116||117||–0.6 %|
|Cash flow from operating activities||135||145||–6.8 %|
|Free cash flow||56||64||–12.1 %|
|Net financial position||237||231||2.7 %|
|Order inflow||2036||1828||11.4 %|
|Order backlog||1556||1378||13.0 %|
|Research and development expenses||171||146||16.6 %|
|Employees as at 31 December incl. apprentices||8734||8136||7.0 %|
The Divisions’ financial year
All five RUAG divisions operated profitably and contributed to the positive consolidated result.
The Group’s international market position was further expanded and key successes were achieved in the commercial space business. Thanks to organic and strategic growth, RUAG Space operates at twelve locations in six countries, now including Germany and the USA.
Net sales: CHF 345 million
EBIT: CHF 32 million
Both sales and profitability saw gains in 2016. The project to assume complete supply chain responsibility for two Airbus fuselage sections was successful. Focused investments will secure sustained growth.
Net sales: CHF 236 million
EBIT: CHF 12 million
External factors led to a decline in sales in 2016, but EBIT ended higher. The trend in the international components business was very positive. Programmes for the Swiss Air Force proceeded as planned.
Net sales: CHF 469 million
EBIT: CHF 44 million
The division achieved a significant increase in both sales and the operating result (EBIT). Despite export restrictions, therefore, it accomplished a clear strengthening of its international market position. Once again the main driver was the hunting and sporting business.
Net sales: CHF 385 million
EBIT: CHF 31 million
The division achieved renewed growth and higher profitability in the 2016 financial year. Both domestically and abroad, the market position of all business units grew firmer. Based on a very solid current order volume, RUAG Defence is optimistic about the coming financial year.
Net sales: CHF 388 million
EBIT: CHF 24 million