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The Board of Directors of RUAG International Holding AG consists of five members. None of them holds or has held an executive position in the Group during the three financial years preceding the reporting period. Furthermore, the Board members have no business relationships with the Group.

The German family-owned company Mubea Group, with around 14,000 employees and 50 locations worldwide, is acquiring the Aerostructures Germany & Hungary unit from RUAG International. The new owner provides the ideal platform to further expand Aerostructures Germany & Hungary's aerostructures capabilities and to further strengthen its technology leadership, reliability and flexibility as the exclusive supplier for the Airbus A320 family.

For international technology group RUAG, the first half of 2019 was very much dominated by the process of unbundling and restructuring. As expected, this has a considerable impact on the half-year result. At CHF 19 million, the overall EBIT was lower than the previous year’s figure of CHF 41 million. The order book improved by 7.4% to CHF 1,819 million. Owing to exchange rate effects, net sales fell slightly by 1% year on year to CHF 944 million (previous year: CHF 954 million).