ARBONIA

AFG ends 2014 with modest Group profits

–    Successful completion of the strategic reorientation introduced in 2011 through a focus on three business areas and through the acquisition of a new anchor shareholder

–    Satisfactory revenue development in the Building Technology and Building Security Divisions, but a drop in the Building Envelope Division in the 2014 financial year impacts on the results of the entire Group. In light of the unsatisfactory results in the last year, the Board of Directors is to ask the upcoming General Meeting to refrain from the distribution of a dividend

–    Persistently strong import and cost pressure as well as the new currency reality are forcing accelerated and further extensive restructuring measures in the Building Envelope Division: planned cuts of 150 – 200 jobs at EgoKiefer over the coming 18 months

Contact
William J. Christensen
CEO
T +41 71 447 45 50
william.christensen(at)afg.ch

Fabienne Zürcher-Rohner
Manager Corporate Communications
T +41 71 447 45 54
fabienne.zuercher(at)afg.ch

 

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Key figures 2014