Orell Füssli Reports Strong Growth in Sales and Earnings for 2023

Orell Füssli Ltd announced significant increases in its 2023 sales and earnings, reflecting the successful execution of its growth strategy across all divisions. The company reported a 7% increase in revenue, reaching CHF 232.2 million, and a 21% rise in EBIT to CHF 18.1 million. Contributing to these results was a net profit surge of 25% to CHF 14.6 million. The Security Printing Division notably exceeded expectations with a 9% improvement in EBIT, while the Zeiser Division saw a remarkable boost in EBIT margin to above 15%, largely due to efficiency and cost-saving initiatives. The Book Retailing segment, Orell Füssli Thalia Ltd, continued its upward trajectory, growing by 4.7%. Meanwhile, the Publishing houses, with a particular highlight being the hep Verlag acquisition, have significantly contributed to the group's success. Additionally, Orell Füssli is venturing into the digital credentials space with its subsidiary, Procivis, launching the e-ID software solution Procivis One.

Overviewing the strong financial performance, the Board of Directors suggests an enhanced dividend of CHF 3.90 per share at the upcoming Annual General Meeting. Looking ahead into 2024, Orell Füssli aims to build on this momentum, albeit with a cautious note on increased costs and investments potentially affecting profitability margins. Nonetheless, the company is optimistic about continued growth across its diverse business units.