Orell Füssli AG: Orell Füssli reports further growth in the first half of the year

Ad hoc announcement pursuant to Art. 53 LR
Orell Füssli reports further growth in the first half of the year

• High capacity utilisation in security printing and at Zeiser
• Expansion of Orell Füssli Thalia’s market presence through the acquisition of A. Köhler AG and the opening of new bookstores
• Procivis wins two tenders in the EU
• Forecast for full year confirmed

Zurich, 24 July 2026 – Orell Füssli continued its growth path in the traditionally seasonally weaker first half of the year. Revenue increased to CHF 121.4 million (previous year: CHF 120.1 million). Earnings, however, fell compared with the previous year, mainly due to a change in the product mix in security printing. Adjusted EBIT amounted to CHF 6.9 million (previous year: CHF 10.2 million), corresponding to a margin of 5.6% (previous year: 8.5%).

Security Printing
The Security Printing division recorded a slight increase in revenue compared with the previous year. Supported by a broadly diversified customer portfolio, it has a substantial order book, which ensures good capacity utilisation well into 2027. Revenue rose to CHF 48.4 million (previous year: CHF 47.3 million). Adjusted EBIT amounted to CHF 8.5 million (previous year: CHF 11.9 million). The decline in EBIT was as expected, due to less complex orders in the order book in the first semester. Various international trade fairs took place in the first half of the year, at which the division presented its latest innovations in the field of security technologies, thereby underlining its leading innovative strength in this market.

Industrial Systems (Zeiser)
The Zeiser division’s business performance in the first half of the year was affected by the postponement of several projects in the Gulf region. Nevertheless, revenue of CHF 9.2 million was only slightly below the previous year’s figure (CHF 9.3 million). Adjusted EBIT amounted to CHF -0.1 million (previous year: CHF -0.2 million). The solid order backlog, ongoing customer negotiations, and deliveries scheduled for the second half of the year are expected to result in full-year revenue and EBIT exceeding the prior year's levels.

Book Retailing
In the first half of the year, which is traditionally a weaker period, Orell Füssli Thalia AG increased its proportionately consolidated revenue to CHF 55.4 million (previous year: CHF 54.2 million). The proportionately consolidated EBIT amounted to CHF 1.0 million (previous year: CHF 1.6 million). The decline is attributable to higher costs associated with the acquisition of A. Köhler AG. Orell Füssli Thalia continued to expand its market position and opened three new branches in Basel, Würenlos and Langnau i. E. In addition, as part of a long-term succession plan, the company acquired all 13 stationery stores of A.  Köhler AG in the cantons of Zurich, St Gallen and Schwyz. With this acquisition, Orell Füssli Thalia is strengthening its regional presence and laying the foundations for further sustainable growth.

Other business areas
Orell Füssli publishers can look back on a successful first half-year. As part of its strategic development, the publishing houses hep, SKV, Juristische Medien and Kinderbücher were merged into the newly founded Orell Füssli Verlage AG. The established publishing brands will remain unchanged and will continue to be positioned independently in the market. At the same time, the innovation and product pipeline is being consistently driven forward, and several new teaching and learning media are currently being launched on the market.

Procivis performed well in the first half of 2026, benefiting from the growing momentum in the European market, driven in particular by the implementation of the eIDAS 2.0 Regulation. This requires all 27 EU Member States to establish a digital identity infrastructure by the end of 2026. In some countries, however, it is becoming apparent that they will be unable to meet the deadline for the introduction of national EUDI wallet infrastructures. Nevertheless, the regulatory pressure to act, the underlying market dynamics and the long-term demand for digital identity solutions remain unchanged. Procivis has participated in numerous public tenders in recent months and has secured two new contracts.

Outlook
Against the backdrop of the continuing uncertain economic environment, seasonal business trends in the book trade and publishing sectors, and the current order book in the Security Printing and Zeiser divisions, Orell Füssli continues to anticipate revenue growth for the full year of slightly below the planned growth range of 4–6% and an EBIT margin of around 9%.

Key figures the Orell Füssli Group

Half-year Report 2026
The Half-year Report is available on our website at https://orellfuessli.com/en/financial-reports-presentations.

Agenda
Publication of Annual Report     17 March 2027
Annual General Meeting            13 May 2027

Contact
Orell Füssli AG
Tel. +41 44 466 72 94
media@orellfuessli.com