Orell Füssli Results for 2020 Demonstrate Resilience

The COVID-19 pandemic is a prime factor in companies’ financial results for the last year, and for most its impact has been negative. Orell Füssli’s results are no exception. In an opening statement it said the company ‘held its own in a difficult market environment in 2020. Although sales and profitability were lower than in the previous year and cash flow was negative due to high capital expenditure, our balance sheet allows us to pay a dividend to our shareholders’.

A robust business model, solid balance sheet, comprehensive crisis management as well as flexible and committed employees were credited with limiting the impact of the pandemic on its business.

Revenue fell by 7.9% to CHF 218.6 million in 2020, operating profit (EBITDA) by 18% to CHF 24.1 million and EBIT excluding special items by 27.9% to CHF 14.2 million. However, net income for 2020 of CHF 15 million exceeded that of 2019 (CHF 10.9 million) due to tax and financial effects.