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RUAG International Successfully Achieves Federal Council Objectives

During its meeting on 15 March 2023, the Federal Council took note of the report by RUAG International Holding AG's Board of Directors on the achievement of objectives in the 2023 financial year. The strategic objectives defined by the Federal Council were achieved to a significant extent, in particular the successful continuation of the privatisation process.

2024-03-20 12:45:18
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Quelle: Swiss Federal Council

- The Federal Council received a report from RUAG International Holding AG's Board of Directors regarding the achievement of objectives for the 2023 financial year on March 15, 2023. - The Federal Council's strategic objectives were largely met, specifically regarding the successful continuation of the privatisation process. - The Federal Council establishes four-year strategic objectives for federal enterprises who must report their progress annually. - RUAG International AG achieved the Federal Council's strategic objectives for 2023 to a significant degree, with some concerns regarding operating results. - RUAG International moved forward with the privatisation process as required by the Federal Council, including new divestments. - RUAG International sold foreign sites in Germany and Hungary to Mubea in 2023, and negotiated the sale of facilities in Emmen with Pilatus in January 2024. - The sale of the Zurich Seebach site to the City of Zurich also took place in the 2023 financial year. - The pending sale of the space business (Beyond Gravity) will finalize the privatisation process by the end of 2025. - The financial results in 2023 were impacted by divestments, leading to a net turnover of CHF 620 million. - Despite challenges in the operating business, divestments allowed for a special dividend of CHF 150 million to be paid to the Confederation for the 2023 financial year..

(Quelle:Swiss Federal Council modified with ChatGPT)

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Emmen RUAG Successfully Achieves Federal Council Objectives