The divisions' business year
In 2020, the operating business developed differently in the divisions – although the effects of the pandemic could be felt in all business segments. Special write-offs and provisions amounting to around CHF 160 million were the consequence and these weighed heavily on the company's results....
- Net sales
- CHF 277 m
- EBIT
- CHF -21 m
- Employees (FTE)
- 1337
RUAG Space can look back on a challenging financial year. The COVID-19 pandemic led to delays in major space programmes and earnings that fell short of expectations. The segment strategy was adjusted to make better use of future market opportunities.
- Net sales
- CHF 204 m
- EBIT
- CHF -118 m
- Employees (FTE)
- 1231
All three sites of RUAG Aerostructures have been affected by the global crisis in the aviation industry. Measures have been taken at all sites to adapt activities to the changing situation. The approval of Eger as an independent manufacturing plant increases the flexibility of the entire company.
- Net sales
- CHF 179 m
- EBIT
- CHF -76 m
- Employees (FTE)
- 1072
All three business units were affected by the COVID-19 crisis and did not perform according to expectations. The search for buyers willing to further develop the units was pursued with conviction. A buyer was already found for the Geneva and Agno sites in 2019. This was also achieved for the Oberpfaffenhofen site in 2020.
- Net Sales
- CHF 487 m
- EBIT
- CHF 24 m
- Employees (FTE)
- 2483
RUAG Ammotec is proving to be extremely robust, even in the COVID-19 crisis. Sales and earnings reached new record levels in 2020. The main drivers were the high-growth US business and ongoing strong demand in Europe.