RUAG MRO holding its own as an independent firm
Bern/Emmen LU - In its first year as an independent company, RUAG MRO Holding AG recorded turnover of 682 million Swiss francs and EBIT of 30 million Swiss francs. At the same time, major projects for the Swiss army were also realized.
The materials competence center for the Swiss Armed Forces, RUAG MRO Holding AG, has, according to a press release, successfully closed its first financial year as an independent company after having been hived off as part of the separation of the RUAG Group. In specific terms, RUAG MRO posted incoming orders totaling 722 million Swiss francs in 2020. Turnover at the company came to 682 million Swiss francs in the year under review, while EBIT amounted to 30 million Swiss francs.
“The first year as an independent company has shown that unbundling to create a company with a new focus on the needs of the Swiss Army and thus the security of our country is the right path”, the press release states. In the reporting year, a series of projects were realized for the Swiss Armed Forces. In this context, the press release highlights work carried out on the development of a mortar system and maintenance operations on helicopters.
At the same time, the company’s first year of independence continued to be shaped by the completion of the unbundling process of the group, RUAG MRO writes. In this regard, the company has identified areas in which it needs to catch up, primarily in connection with substance maintenance of its real estate portfolio. However, in terms of the maintenance of current army systems, RUAG MRO sees itself as being very well positioned. However, in the future, the materials competence center is planning to additionally make its own contribution to development processes. Moreover, RUAG MRO is keen to support the Swiss Armed Forces in efforts to reduce their carbon footprint.
