RUAG reports growth in sales and order backlog but lower profit

RUAG has reported net sales of CHF1,955m (previous year: CH 1,858m) and once again topped its record prior-year performance – this time by 5.2%.

However, the international technology group was unable to uphold last year’s record result. Earnings before interest and taxes (EBIT) fell to CHF119m (CHF151m) and net profit to CHF89m (CHF116m). The order backlog at the end of 2017 was a high CHF1,607m (CHF1,556m).

RUAG is proposing that a dividend of CHF40m (CHF47m) be paid to the Swiss Confederation.

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