RUAG first-half figures well ahead of previous year

In the first half of 2016 the international technology group RUAG lifted its net sales by 8.7% to CHF896m despite a challenging business environment. Moreover, earnings before interest and taxes (EBIT) rose to CHF66m, a 40.7% increase over the prior-year period. Of total first-half sales, 59% relate to civil orders while orders from outside Switzerland account for 64% of sales. In the first half of 2016, order intake at RUAG topped the billion-franc mark (CHF1,006m), a rise of 5.2%. RUAG is thus following on from its good result for the last financial year. For 2016 as a whole, RUAG expects net sales and operating earnings to exceed the previous year’s result by a medium single-digit percentage.