Biella: turnover adjusted for exchange rate effects on target in 1st quarter of 2015
- Group turnover adjusted for exchange rate effects on target in 1st quarter of 2015
- Lower sales in Switzerland, but turnover abroad has exceeded expectations
- Strategic further development by means of digitisation
- EBIT margin should be further improved in 2015
Brügg, Biel/Bienne, 5 May 2015 – The Annual General Meeting of Biella-Neher Holding Ltd. was held on 4 May 2015. All items on the agenda were approved as recommended by the Board of Directors. In spite of the unchanged difficult business environment and pressures as a consequence of the removal of the cap on the minimum exchange rate for the Swiss franc, Biella was able to reach its sales targets in the first quarter of 2015 – adjusted for the effects of currency exchange rates. Optimisation projects have been started up within the Group. In addition, Biella is making great efforts where strategic further development in the area of digitisation is concerned.
The 115th Annual General Meeting of Biella-Neher Holding Ltd. took place at the company's head office in Brügg, Biel/Bienne on 4 May 2015. All items on the agenda were approved as recommended by the Board of Directors. Chairman of the Board of Directors, Rolf U. Sutter, and all members of the Board of Directors were re-elected in accordance with company statutes for a period of office of one year until the next Annual General Meeting.
In the first quarter of 2015, the Biella Group was able to reach its sales targets in their entirety – adjusted for the effects of currency exchange rates. Therefore, Biella succeeded in staying on track, in spite of the unchanged difficult market environment, which was further encumbered in Switzerland by the effects of the floating of the Swiss franc against the EURO. Lower sales in Switzerland were compensated for by the fact that business development in all foreign markets was better than planned. Above all in Germany, by far the Group's largest sales market, it proved possible to exceed expected sales thanks to gaining new customers. Further measures and projects are being launched to optimise cost structures.
Alongside its traditional office supplies business, the Group is focusing a great deal of attention on its strategic further development. Biella is working intensively on future prospects in the area of digitisation that are strongly driven by innovations. True to our vision of "Searching with a system" and the demand for simplicity, new business models should build a bridge between the physical and digital worlds.
Although a prognosis in this area of conflict is only possible with some difficulty, Biella is not changing its target for the business year 2015 of further improving the EBIT margin.
The Biella Group is one of the most important and most efficient European suppliers of office equipment. The Group has production sites in Germany, Switzerland, Poland, the United Kingdom and Romania, as well as logistics centres in Brügg/Biel/Bienne, Wiener Neustadt, Cottbus and Hoorn (NL), not to mention its Europe-wide sales and marketing network. The Biella Group as a whole employs approximately 780 people.
Biella-Neher Holding Ltd is quoted on the Berne stock market BX Berne eXchange (symbol: BLLN, security: 151948S, ISIN: CH0001519484).
In case of any questions or requests please contact:
Biella-Neher Holding Ltd
Erlenstrasse 44, P.O. Box
CH-2555 Brügg, Switzerland
Marco Arrigoni, CEO
Tel.: +41 32 366 3 404 or 251
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