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.

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.

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.