A challenging financial year 2024
For RUAG International, the 2024 financial year was characterized by a consistent focus on the space business. With the completion of the final divestments of non-space assets, the company is focusing on its position as a key global supplier to the space industry....
RUAG International generated net sales of CHF 494.9 million (previous year CHF 620 million). EBIT of RUAG International amounted to CHF 19.9 million (previous year CHF 28.1 million). However, this result includes portfolio effects of CHF 102.2 million from the sale of business units. The operating result was impacted in particular by the ramp-up of the new production facilities and necessary product improvements based on new findings from ongoing missions in the Launchers division. The transformation of Beyond Gravity's business processes and digital infrastructure also incurred additional costs. The order backlog of over CHF 860 million highlights the company's strong market position. The space market is experiencing above-average growth, driven by the commercial ‘New Space’ business, which offers long-term opportunities.
Net sales
by application
(in %)
Year,Civil,Military 2023,96,4 2024,88,12
Net sales
by segments
(in mCHF)
Year,Space,Aerostructures 2023,383,240 2024,448,47
Net sales
by market
(in %)
Year,Switzerland, Europe, North America, Rest 2023,4,70,24,2 2024,8,50,40,2
Overview of key figures in mCHF
| 2024 | 2023 | in % | |
| Net sales | 495 | 620 | -20.2% |
| EBITDA | 37 | 32 | +15.6% |
| EBIT | 20 | 28 | -28.6% |
| Net profit (loss) | -2 | 1 | -300.0% |
| Cash flow from operating activities | 27 | -24 | |
| Free cash flow | 114 | 89 | +29.0% |
| Net financial position | 420 | 457 | -8.1% |
| Order intake | 623 | 651 | -4.4% |
| Order backlog | 862 | 770 | +11.9% |
| Research and development expenses (self-financed) | 13 | 11 | +17.3% |
| Headcount (FTE) as at 31.12. | 1’813 | 1’989 | -8.8% |