Biella starts 2017 on course – innovation and digitisation efforts being consistently stepped up
- Group revenue in first quarter of 2017 narrowly in line with expectations
- Further systematic efforts to drive innovation and the digital transformation
- Strict cost management and continuous improvement of efficiency
- Pressure from rising raw materials prices, changes in sales prices unavoidable
- EBIT margin to be further increased in 2017
The Biella-Neher Holding Ltd. general meeting was held on 25 April 2017. The Board of Directors’ motions for all agenda items were adopted. The dividend was increased again, from CHF 160 to CHF 170 per share. Urs Ledermann was newly appointed to the Board of Directors. Despite the persistently challenging conditions in the industry, Biella narrowly achieved its sales objectives in the first quarter of 2017. In addition to continuously increasing profitability in the core business, there is a strong focus on implementing innovations and evolving the new hybrid and digital services.
The 117th Biella-Neher Holding Ltd. general meeting was held on 25 April 2017 at the company’s head office in Brügg/Biel. The Board of Directors’ motions for all agenda items were adopted. Due to the improved Group earnings, the dividend was increased from CHF 160 to CHF 170 per share. Urs Ledermann was newly appointed to the Board of Directors. Chairman of the Board, Rolf U. Sutter, and all other existing board members were re-elected for a term of one year until the next general meeting in accordance with the articles of association.
“Despite the persistently challenging market environment, Group earnings improved for the fourth time in succession,” said Biella Group CEO Marco Arrigoni at the general meeting.
First quarter on course
The sales of the Biella Group – adjusted to take into account currency conversion effects from the continued rise in the value of the Swiss franc – developed in line with expectations in the first quarter of 2017. Although the performance was very stable in the Group’s biggest sales market by far, Germany, sales in Switzerland saw a strong upturn in March after a modest start to the year. The recovery of the global economy is again causing a significant rise in raw materials prices. Further increases have already been announced, meaning that sales prices will inevitably have to be adapted.
Innovations and digitisation creating new opportunities for growth
Innovative new services are being developed and marketed intensively. Alongside clever new products for the office environment, the ideas for new solutions are concentrated on services that combine traditional, physical office products with the benefits of digital applications, such as mobility, fast retrieval and flexibility. The aim is to further increase the proportion of revenue generated from new products and to counter market-related sales declines.
Greater profitability through strict cost management and continuous improvement of efficiency
In order to improve profitability even further within the Biella Group, it is necessary to adapt the cost structures to the changing market conditions in a flexible way and to boost efficiency in production and overhead-intensive areas.
Objective for 2017: increase the EBIT margin further
The challenging market conditions and the ongoing transformation process will continue to place heavy
demands on the company this year. However, Biella will again strive to improve its EBIT margin in 2017.
The Biella Group helps organisations of all sizes, as well as individuals, to manage and find all types of
documents efficiently and easily. As one of Europe's most important and successful providers of office
supplies and the inventor of the lever arch file, Biella is an expert in the storage of physical documents.
Innovative solutions ensure order in the world of digital information and documents. Hybrid products combine
the physical and digital document cycles. With Biella's solutions, documents can be managed and
found quickly, easily and efficiently. Some 700 people are employed throughout the Biella Group.
The shares of Biella-Neher Holding AG (Valor: 151.948, ISIN: CH0001519484) are traded on the Berner
Kantonalbank OTC-X and the ZKB e-KMU-X small-caps platforms and at Lienhardt & Partner.
If you have any questions, please contact:
Marco Arrigoni, CEO
Biella-Neher Holding Ltd.
Erlenstrasse 44, P.O. Box
Phone.: +41 32 366 34 04
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