4.1 Segment reporting by business units
The business activities of the Orell Füssli Group are organised in three main segments, which provide the basis for regular internal segment reporting. Segment reporting provides information on sales revenues and the operating result (EBIT).
Industrial Systems
Production and marketing of machinery, installations and systems for encoding and personalising printed products as well as providing related services.
Security Printing
Production and marketing of banknotes, security documents, identity cards and other documents with high security requirements. The net revenue of this segment includes revenues from production orders calculated using the percentage of completion method.
Book Retailing
Sale of books and similar products in numerous bookstores in German-speaking Switzerland and on the internet. In particular, this segment includes the 50% of the income statement and the balance sheet of the Orell Füssli Thalia Ltd joint venture company.
Other business activities
In 2016 and 2015, this segment consisted primarily of the publishing business.
Unallocated
Infrastructure services as well as the costs and revenues of the holding are not allocated as these are managed at group level and not attributed to individual segments. Further, consolidation effects arising from inter-segment revenue in this category are eliminated.
Segment results 2017
| in CHF thousand | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Industrial Systems |
Security Printing |
Book Retailing |
Other |
Total segments |
Un- allocated |
Total Group |
||||||||
| Net revenues from segment sales | 55,715 | 129,845 | 91,673 | 11,019 | 288,252 | 250 | 288,502 | |||||||
| Inter-segment sales | 135 | – | – | 58 | 193 | –193 | – | |||||||
| Net revenue from sales to customers | 55,850 | 129,845 | 91,673 | 11,077 | 288,445 | 57 | 288,502 | |||||||
| Earnings before interest and taxes (EBIT) | –6,723 | 20,145 | 1,587 | –126 | 14,883 | –2,240 | 12,643 | |||||||
Segment results 2016
| in CHF thousand | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Industrial Systems |
Security Printing |
Book Retailing |
Other |
Total segments |
Un- allocated |
Total Group |
||||||||
| Net revenues from segment sales | 71,947 | 121,183 | 94,776 | 10,721 | 298,627 | 250 | 298,877 | |||||||
| Inter-segment sales | 251 | – | – | 79 | 330 | –330 | – | |||||||
| Net revenue from sales to customers | 72,198 | 121,183 | 94,776 | 10,800 | 298,957 | –80 | 298,877 | |||||||
| Earnings before interest and taxes (EBIT) | 1,958 | 17,432 | 2,022 | –867 | 20,545 | –2,015 | 18,530 | |||||||