Orell Füssli Ltd: Orell Füssli Continues on its Growth Path

Ad hoc announcement pursuant to Art. 53 LR

Orell Füssli Continues on its Growth Path

• Increase in revenue and EBIT in the first half of the year
• Growth and high capacity utilisation in security printing
• Book retailing further expands market position
• Publishers expand portfolio thanks to acquisition of Verlag SKV AG
• Procivis focuses on increased momentum in the e-ID business in Europe
• Forecast for full financial year slightly increased

Zurich, 25 July 2025 – Orell Füssli continued its growth path in the seasonally weaker first half of 2025, increasing revenue to CHF 120.1 million (previous year: CHF 107.1 million). Operating result (EBIT) rose significantly year-on-year to CHF 10.2 million (previous year: CHF 4.6 million). The 12% increase in revenue was well above the growth range targeted in the 2028 strategy.

Security printing
The Security Printing Division once again achieved revenue growth in the first half of 2025 thanks to its expanded portfolio of key customers and has a high order backlog well into 2026. Revenue rose to CHF 47.3 million in the first half of the year (previous year: CHF 38.0 million). The operating result (EBIT) improved to CHF 11.9 million (previous year: CHF 5.5 million). The division also presented its latest innovation for authenticating banknotes using a smartphone app at international trade fairs.

Industrial Systems (Zeiser)
The first half of the year for the Zeiser division was marked by cautious investment activity from customers and the associated postponement of projects, particularly in the USA. Sales declined compared with the same period last year to CHF 9.3 million (previous year: CHF 11.4 million), while operating result (EBIT) was minus CHF 0.2 million (previous year: CHF 0.6 million). However, thanks to its solid order backlog, the division is looking ahead with confidence to the second half of the year, in which numerous deliveries are planned. The first reference system featuring the new track & trace technology for banknote printing was successfully commissioned at a customer site in spring.

Book retailing
In the seasonally weaker first half of the year, Orell Füssli Thalia increased its proportionately consolidated sales to CHF 54.2 million (previous year: CHF 51.0 million) despite subdued consumer sentiment. The proportionately consolidated operating result (EBIT) amounted to CHF 1.6 million in the first half of the year (previous year: CHF 1.2 million). The bookstore network is being further expanded with a new location in St. Jakob Park in Basel. The opening is planned for spring 2026.

Other business areas
Orell Füssli Publishers performed well in the first half of 2025. The acquisition of Verlag SKV AG, announced in March 2025, expands the portfolio with educational media and digital learning platforms for basic and continuing education in commerce and business administration. Several new teaching and learning media are in preparation and will be introduced in the new school year. hep Verlag kicked off its 25^th anniversary year with a series of events.

Procivis saw increasing momentum in Europe in the first half of the year, triggered by the eIDAS 2.0 regulation. This requires all 27 EU member states to implement the regulation by the end of 2026. With its Procivis One technology for digital identities and credentials, the company is very well positioned to respond to tenders for the implementation of the new requirements. The sales team in Northern, Central and Southern Europe has been strengthened to provide the needed commercial support. In Switzerland, the referendum on the new e-ID law in September is expected to generate growing interest in e-ID applications, particularly from the private sector.

Outlook
Due to the seasonal nature of the book retailing and publishing business, as well as the current order backlog in the Security Printing and Zeiser divisions, Orell Füssli expects sales to develop positively also in the second half of the year. The company is therefore raising its forecast for the 2025 financial year and expects revenue growth above the communicated range of 4-6% and an EBIT margin slightly higher than in the previous year.

Key figures Orell Füssli Group in CHF million

Half-year Report 2025
The Half-year Report is available on our website at https://orellfuessli.com/en/financial-reports-presentations.

Agenda
Capital Markets Day: 11 November 2025
Publication of Annual Report: 18 March 2026
Annual General Meeting: 20 May 2026

Contact us
Orell Füssli Ltd
Phone +41 44 466 72 94
media@orellfuessli.com