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Annual report 2023

The fiscal year 2023 in brief

Bern, 28 March 2024 - RUAG achieved and in some cases even exceeded the relevant key performance indicators in the 2023 business year, despite the challenges the company was faced with. The conclusion of the 2024–2027 multi-year service level agreement is a sign of trust and the transparent cooperation with the main customer, the Swiss Armed Forces. Press release read more...

"In terms of earnings, the 2023 business year was a year with numerous one-off effects. Overall, the budget for the relevant key performance indicators was achieved or even exceeded in some cases."

Key figures of RUAG MRO Holding LTD at a glance

2 627 44 FTE in Switzerland Apprentices in Switzerland FTE abroad 223 Switzerland Europe Rest of the world 8 % %) % %) 82 % %)

in CHF m

Order intake 820
Net sales 741
Other operating income 11
Research and development expensesaufwand -19

in CHF m

EBIT margin 2.9%
Net profit 20
Free cash flow -20
Net financial position 118
Bank debt 20

RUAG significantly exceeded the order intake targets in 2023 with CHF 820 million, mainly due to the acquisition of key orders. Particularly noteworthy are the offset business in connection with the Patriot system as well as the order for the second tranche of the COBRA mortar. Additionally, there were orders in the protection and helicopter sectors. Read more report...

Portrait Kirsten Hammerich


Kirsten Hammerich
Senior Media Relations Manager
Stauffacherstrasse 65
3000 Bern 22


Annual report 2023 PDF


Annual report 2022 pdf
Annual report 2021 PDF