Language:
Englishen
Language:
Englishen

Results of the Brugg Group 2018

16 May 2019

Incoming orders for the BRUGG Group increased by a solid 6%. Pipe Systems far exceeded its performance in the previous year, recording impressive growth of 17 %. Rope Technology grew by 3 % thanks to high numbers of orders at Fatzer and healthy performance in Netting Solutions and Wire Ropes. Process Control Systems made the most of the good market environment and its strong position to achieve growth of 8%. Cable Systems is still grappling with a tough order situation, with incoming orders down 3 %.

Compared to the previous year, revenue increased by 2 % (CHF 593 million, prior year CHF 578 million), although the operating result for the Group was weaker. Restructuring continues in Cable Systems. Meanwhile, Pipe Systems has made significant gains. Rope Tech­ nology is bringing in lower order volumes for reasons relating to its current projects and is successfully consolidating its position with its existing orders. The productivity gap and revenue shortfall that arose in the spring due to project delays in Process Control Systems could not be mitigated, with this division closing the year in a significantly weaker position as a result.

There was a net reduction in the number of staff, which decreased by 45 employees to 1,878. This was due to factors including the spin­off of the FOSY business segment, the sale of Fortatech AG, reorganization in the USA, the closure of Wire Rope Middle East, and the conversion of Geobrugg Ibérica and Geobrugg Chengdu. The number of employees increased in Europe. At the end of the year, 1,145 employees worked in Switzerland (prior year 1,145). The Group trained 52 apprentices (prior year 48).