The 2016 Annual Report was approved. Discharge was granted to the members of the Board of Directors and Executive Board for the 2016 financial year. Egon W. Behle is standing down from the Board of Directors. As in the previous year, RUAG is paying the Swiss Confederation a dividend of CHF 47 million.
Chairman of the Board of Directors Hans-Peter Schwald expressed his satisfaction with the performance and sustainably profitable growth trajectory of RUAG: "RUAG's business is performing successfully. All five divisions operated profitably and contributed to the positive consolidated result. RUAG is thus demonstrating its competitiveness." RUAG generates around 80% of sales in global competition. With a view to the "Further development of RUAG" project, currently being drawn up with the owner and other stakeholder groups, Board Chairman Hans-Peter Schwald went on to say: "We have set a course for solid growth. So that these positive prospects are not diminished, RUAG needs the right entrepreneurial operating conditions so that it can assert itself in the face of free competition."
With a significant 10.4% increase in EBIT and 6.5% sales growth, RUAG has achieved a profitable growth trajectory. The record order intake of CHF 2,036 million (+11.4%) is well above sales, indicating that the annual result for 2016 provides a solid base for further growth and is not just a one-off occurrence. Additional key figures on the 2016 financial year can be found in the digital annual report on the company's website www.ruag.com or directly at annualreport.ruag.com.
Changes on the Board of Directors
Egon W. Behle is not standing for re-election and will stand down as a member of the Board of Directors and member of the Strategy Committee after six years in office. He was truly committed to driving RUAG forward. The company benefited in particular from his vast knowledge and his experience of the aerospace industry. The Federal Council, RUAG’s Board of Directors and Executive Board offer him their special thanks for this achievement. RUAG regret's Egon Behle's decision to cease working on behalf of the Group. The remaining six members of the Board of Directors were re-elected for a term of one year. KPMG Ltd, Zurich, was appointed as auditor for a further term of one year.