The 2019 financial year

Net Sales
CHF 2003 m
(CHF 1998 m)
CHF -7 m
( CHF 106 m)
Net Profit
CHF -25 m
(CHF 74 m)

Letter to shareholders

The unbundling of RUAG, required by the Federal Council, was vigorously pursued in the year under review and RUAG MRO Switzerland began operations as an organisationally independent company as planned on 1 January 2020. In 2019, organisational structures for the new units were established and important legal entities such as the new holding company BGRB Holding were founded.
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RUAG Aerostructures: Active support for the modernization of the A320 family

Key figures and key events

RUAG sales exceeded the 2-billion mark in 2019 for the first time. However, the sales of CHF 2,003 million (previous year: CHF 1,998 million) are set against an EBIT of CHF –7 million (previous year: CHF +106 million). The negative operating results are due to the costs of the unbundlingprocess and the related decision to sell parts of RUAG’s international activities.
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The division's business year

In 2019, the operating business developed differently in the divisions. RUAG Space, RUAG Ammotec and RUAG MRO Switzerland generated profits. However, the RUAG MRO International division and the RUAG Aerostructures division posted losses due to extraordinary expenses. At RUAG MRO International, the negative result is due to extensive value adjustments and special write-offs.
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Urs Kiener on the Annual Report 2019

"We can look back on a challenging year. For the first time, RUAG exceeded the CHF 2 billion sales mark. The fact that in a year of transformation, unbundling and simultaneous divestments we have increased our sales and maintained our focus on the customer, particularly underlines the skills of our employees."

Urs Kiener, CEO i.a. RUAG Group

Read the media release