Orell Füssli Security Printing Division

Online Report 2010 |
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In 2010 Orell Füssli Security Printing devoted particular effort to the international banknote printing market. Orell Füssli succeeded in broadening its customer base and also securing follow-up orders from existing customers. Record numbers of banknotes were produced. Sales revenues at Orell Füssli Security Printing in the 2010 financial year rose by 18% to CHF 100.6 million (CHF 85.3 million in 2009).

Excess capacity in the market for banknote production and fluctuations in the euro and dollar exchange rates depressed prices, and this had a negative impact on operating earnings, which were 16% lower at CHF 14.0 million (CHF 16.7 million in 2009). The banknote printing market revived in the second half of the financial year.

Events:

In the year under review Orell Füssli Security Printing worked intensively on optimising business processes and realigned its structures. At the same time the division evaluated and introduced a new ERP system. Orell Füssli is working continuously on improving its competitiveness through enhanced production efficiency and optimised workflows.

Together with its technology suppliers, Orell Füssli vigorously pursued preparations for the new issue of Swiss banknotes. As announced at the beginning of 2010, printing of the 9^th issue had to be postponed by some two years due to delays in furnishing new security features. This resulted in shortfalls in capacity utilisation. Production is now expected to commence towards the end of this year, so that Orell Füssli can expect capacity utilisation to return to normal as from 2012. “Relief” stands for a new security feature which has been developed by Orell Füssli and is ready for initial application in the banknote market. This consists of a software-controlled cell screen which enables objects to be depicted with a 3D imprint. Another novel security feature – “Pageguard” for travel documents – was presented at the Intergraf conference. Pageguard enables manipulation attempts to be detected instantly and easily.