Orell Füssli Ltd: Orell Füssli raises forecast for 2023 financial year and nominates Pascale Bruderer as new member of the Board of Directors
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Orell Füssli AG / Key word(s): Change in Forecast Ad hoc announcement pursuant to Art. 53 LR Orell Füssli raises forecast for 2023 financial year and nominates Pascale Bruderer as new member of the Board of Directors Zurich, November 30, 2023 - Orell Füssli Ltd's good business performance in the second half of the year leads to adjustment of the annual forecast. The Board of Directors proposes Pascale Bruderer for election to the Board of Directors at the Annual General Meeting on May 7, 2024. The second half of 2023 is developing better than expected for Orell Füssli. The company previously assumed a moderate increase in sales and an EBIT margin slightly below the previous year's level for the 2023 financial year. Orell Füssli continues to expect an increase in sales for the current financial year and newly an EBIT margin at or slightly above the previous year's level. All business units will make a positive contribution to earnings. The better result is due in particular to costs lower than planned and seasonal sales effects after the summer vacations. Board of Directors nominates Pascale Bruderer as new member of the Board of Directors After 13 years on the Board of Directors, Dieter Widmer, Vice Chairman and Head of the Audit Committee, will not be standing for re-election at the next Annual General Meeting on May 7, 2024. The Board of Directors will propose Pascale Bruderer for election to the Board of Directors at the Annual General Meeting. Pascale Bruderer (46) has extensive experience and a broad network in business and politics. She was a member of the National Council from 2002 to 2011, President of the National Council in 2009/2010 and a member of the Council of States from 2011 to 2019. Pascale Bruderer is now an independant entrepreneur and multiple board member. She is the founder and chairwoman of the Board of Directors of Swiss Stablecoin Ltd. and a member of the boardmember of the Galenica Group and TX Group/Tamedia. She will also become Vice-President of the ETH Board on January 1, 2024. Pascale Bruderer studied political science, constitutional law and social and economic history and holds a Master's degree in political science from the University of Zurich. Martin Folini, Chairman of the Board of Directors of Orell Füssli: "Pascale Bruderer has an impressive track record and, as a former politician and current entrepreneur, she knows both the perspectives of the authorities and those of a company. Her experience and her unique network in politics and business are a valuable addition for Orell Füssli. I am convinced that Pascale Bruderer will be able to provide valuable impetus at Orell Füssli with her excellent knowledge, particularly in the areas of digitalization and education. We are very pleased that with Pascale Bruderer we have been able to attract a high-profile and highly competent personality to stand for election to the Board of Directors".
Agenda Publication of annual results 2023 March 8, 2024 Contact us
Additional features: File: MR_OF_301123_EN End of Inside Information |
Language: | English |
Company: | Orell Füssli AG |
Dietzingerstrasse 3 | |
8003 Zürich | |
Switzerland | |
Fax: | 044 466 77 11 |
E-mail: | [email protected] |
Internet: | https://www.orellfuessli.com/ |
ISIN: | CH0003420806 |
Listed: | SIX Swiss Exchange |
EQS News ID: | 1784897 |
End of Announcement | EQS News Service |
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1784897 30-Nov-2023 CET/CEST
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