All members of the Board of Directors were reelected for a further one-year term of office. Hans-Peter Schwald, who has been Chairman for one year and a Director for a number of years (he was previously the Deputy Chairman), commented on RUAG's business performance and prospects: "RUAG will continue to develop based on what it has achieved thus far. We will look to maintain and strengthen Switzerland's industrial base and to establish technological leadership in our core business. We will pursue moderate expansion in our international business so that this also generates benefits for the home market. Our successes at international level help us to fulfil our fundamental mission for the Swiss Armed Forces cost-effectively and with the very latest technology."
As an international technology group, RUAG has the basic mission of providing and maintaining the technical systems of the Swiss Armed Forces. In 2014, RUAG generated net sales of CHF 1,781 million, slightly more than in the previous year (CHF 1,752 million). Net profit rose by CHF 8 million to CHF 102 million – the first time it has exceeded 100 million Swiss francs. All five divisions operated profitably and contributed to the positive group result. Civil business accounted for 57% (56%) of net sales, and the proportion of international business rose to 63% (61%) – record figures in both cases.
KPMG AG was confirmed as the statutory auditing firm for a further term of one year.
The Annual General Meeting of RUAG Holding AG was held yesterday, Thursday 23 April 2015, in Thun at the premises of RUAG's Ammotec division. Attending the meeting as the shareholder’s representative was Federal Councillor Ueli Maurer, Head of the Federal Department of Defence, Civil Protection and Sport (DDPS). The 2014 results of the international technology group were approved and discharge was granted to the governing bodies. For 2015, RUAG is paying a dividend of CHF 21 million to the Swiss state, slightly more than in the previous year (CHF 20 million).