Orell Fuessli Ltd
OFN
ISIN CH0003420806 / Valor 342080
Orell Fuessli Ltd
UMushroom community rating:
About company
Orell Fuessli Ltd is a Swiss company with a long-standing history, primarily known for its expertise in security printing, including banknotes and identity documents, as well as publishing and book retailing. The company has expanded its portfolio to include digital identity solutions, addressing the needs of public organizations for secure and compliant systems. One of its key offerings in this area is Procivis One, an open-source digital identity solution designed to align with regulatory frameworks such as eIDAS 2.0 and the Swiss E-ID law. This solution provides governments with a transparent and flexible approach to managing digital identity infrastructure, emphasizing cost-effectiveness and avoiding vendor lock-in. By making Procivis One available on platforms like GitHub, Orell Fuessli facilitates easy implementation and customization, reinforcing its commitment to innovation in digital security.
Summarized from source with an LLMView SourceSector: Consumer Non-CyclicalsLatest Results (03.02.2026):
Orell Fuessli Ltd — Q4 2024 (year ended 31 Dec 2024): The company reported full-year 2024 revenue of CHF 252.5 million (+8.7% vs 2023) and EBIT of CHF 22.6 million (+24.5%), an EBIT margin of 8.9% (2023: 7.8%). Net income was CHF 17.5 million (2023: CHF 14.6m), EBITDA CHF 35.1 million, and undiluted EPS CHF 7.19. Management proposed increasing the dividend to CHF 4.40 per share (≈5.7% yield on year‑end price).
Financial headline
Revenue CHF 252.5m, EBIT CHF 22.6m, net income CHF 17.5m; EBIT margin improved to 8.9%. Free liquidity after minority interests rose to CHF 37.9m and operating cash flow was CHF 28.2m.
Profitability drivers
Stronger order intake, an advantageous product mix in Security Printing and Zeiser, and ongoing efficiency measures drove the outsized EBIT growth despite continued investment for digital expansion.
Segment performance — Security Printing
Security Printing revenue CHF 86.4m (2023: CHF 77.2m) and EBIT CHF 12.9m; very high order backlog, full production capacity and two new central bank customers secured, supporting continued momentum into 2025.
Segment performance — Industrial Systems (Zeiser)
Zeiser revenue CHF 24.8m, EBIT CHF 3.5m; strong demand for serialisation/track & trace, new Harmony platform and hardware launches (microperf, laser perforation, KX numbering box) underpin growth prospects.
Segment performance — Book Retailing & Publishers
Proportionate revenue for Orell Füssli Thalia CHF 124.3m (+5.8%); omni‑channel sales, store openings and stronger digital/licensing sales for learning materials supported growth; publishers met profit targets despite weak consumer sentiment.
Procivis / digital identities
Procivis One gained traction in 2024 with first major contracts (including US DHS and city of Zug) and invitations to EU tenders under eIDAS 2.0; the company expanded market focus and completed a security audit and verifier/app development.
Balance sheet & cash
Comfortable equity ratio (~73.8%), investments financed from operating cash flow; financial result was negative (CHF -0.8m) due to FX and hedging movements; freely available liquidity CHF 37.9m.
Dividend & outlook
Board proposes CHF 4.40/share dividend (up) reflecting increased net profit. Management expects further revenue and EBIT growth in 2025, with Security Printing and Zeiser operating under a strong order backlog and Procivis pursuing public‑sector and EU eID opportunities.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
332 M
Market cap (USD)
1,474
Daily traded volume (Shares)
77.6 / 76.4
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
Est dividend yield
P/E ratio
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EPS (USD)
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Ratings & reviews
Wanja Staubli
Nadja O
Marina Dietrich
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