Annual report 2024
The fiscal year 2024 in brief
RUAG achieved significant successes in its operational business in 2024. In the Business Area Ground, the “Armored Infantry Fighting Vehicle 2000 Value Retention”, "Mortar 16" and "BODLUV" projects went according to plan. By receiving preliminary approval for the partial final production of four of the new F-35 fighter aircraft ("RIGI" project), the Business Area Air has taken a significant step towards the future. Press release read more...
«The 2024 financial year was extremely intense for RUAG. The processing of numerous legacy issues played a central role in this. Despite these difficult conditions, RUAG managed to fulfil its overarching strategic performance mandate and ensured the availability of the Swiss Armed Forces' systems, while also successfully rounding off the 2024 financial year from a financial perspective and achieving the relevant key performance indicators.»
Key figures for RUAG MRO Holding LTD for the year 2024 at a glance
in CHF m
Order intake | 750 |
Net sales | 775 |
Other operating income | 0 |
Research and development expenses | -10 |
EBITDA | 65 |
in CHF m
EBIT | 29 |
EBIT margin | 3.8 % |
Net profit | 35 |
Free cash flow | 16 |
Liquidity | 144 |
Bank debt | 13 |
The extraordinarily high level of incoming orders in the previous year, partially due to offsets, could not be fully matched in 2024. Nevertheless, the incoming orders level achieved in 2024 provides a solid basis for future and diversified growth.
Net sales exceeded the previous year’s figure by CHF +34 million (+4.6%), thanks to positive developments in the areas of tracked vehicles, sensors, communication solutions and C2I+. Read the rest of the report...

Contact
RUAG Ltd.
Stauffacherstrasse 65
3000 Bern 22