Orell Füssli

From Wikipedia, the free encyclopedia
Jump to navigation Jump to search
Orell Füssli Holding AG
Aktiengesellschaft (AG)
Traded asSIXOFN
ISINCH0003420806
Industry
Founded1519, 1890[1] (AG)
1999 (Holding)
FounderChristoph Froschauer
HeadquartersDietzingerstrasse 3[1],
8003 Zurich
,
Key people
Board of Directors:[2]
Dr. Anton Bleikolm (Chairman)
Dr. Beat Lüthi (Vice-Chairman)
Dr. Thomas Moser
Dr. Caren Genthner-Kappesz
Peter Stiefenhofer
Dieter Widmer
Management team:[2]
Daniel Link (CEO)
Beat Müller (CFO)
Dr. Daniel Broger
Peter Crottogini
  • Decrease CHF241.4 million (2019)
  • CHF274.3 million (2018)
[3]
  • Increase CHF10.8 million (2019)
  • CHF(47.2) million (2018)
[3]
Total equity
  • Decrease CHF147.8 million (2019)
  • CHF148.5 million (2018)
[4]
Number of employees
  • Decrease 627 (2019)
  • 691 (2018)
[5]
Divisions
  • Security Printing
  • Systems for encoding
  • Book Retailing
  • Publishing
[6][7]

Orell Füssli is a Swiss printing and bookselling company, established by Christoph Froschauer in 1519 as a book printer and publisher. It is currently operating in many print-related segments, such as security printing, bookselling and publishing, with security printing being a primary contemporary product of company. Company's shares are traded on SIX Swiss Exchange (SIXOFN) since 1897. It is the oldest continuously publicly traded company of Switzerland.

History[edit]

From Froschauer Druckerei (1519) to "Orell, Gessner, Füssli & Cie." (1770)[edit]

Titlepage of the Zwinglibibel of Zurich from 1531

At the beginning of the 16th century, the Imperial free city of Zurich became increasingly important as a location holding the Federal Diet of Switzerland. After the position of the Leutpriestertum (people's priest) of the Grossmünster at Zürich became vacant in late 1518, the canons of the foundation in charge of the Grossmünster elected Ulrich Zwingli to become the stipendiary priest and on 27 December 1519 he moved permanently to Zürich from where he subsequently initiated the Swiss Reformation. Around the same time, a book printer Christoph Froschauer relocates from Altötting in Bavaria[8] to Zurich[9] to be granted the rights of citizen of Zurich in 1519.[10] The city commissioned him with the task of setting up a printing press alongside with further assignments that would result in the establishment and expansion of the printers.[10] Froschauersche Druckerei received the status of a state printer[11] and ultimately published the works of Erasmus von Rotterdam, Martin Luther and Zwingli.[12][13] Subsequently, Froschauer Druckerei expanded its product range to include historical, medical and scientific writings.[14]

From 1530 to 1585, the Druckerei emerged as one of the most prominent publishers in the German-speaking field[14] and in the years to follow, the business would change owners within the Zurich wealthy elite. Among the families involved were Escher, Wolf, Bodmer, Heidegger and Rahn with the Druckerei also changing its name after being acquired by one family from another.

In consequence of the progress of Counter-Reformation in Germany, the Druckerei was to scale down its product range to offer mainly theological writings and Sittenmandate.[14] It is not until 1744, as the Zurich Ratsherr Johann Rudolf Füssli joined the company as a partner and shifted the focus to the areas of theology, natural sciences, history and arts.[14] In 1766, he becomes the sole owner of the business which from then on is referred to as "Füssli & Cie.".[14]

Hans Conrad von Orelli and his uncle Johann Jakob Bodmer run "Orell & Cie.", a publishing house with a Druckerei.[15] The Gessner family who also operated a Druckerei since 1670 and later a book shop joined "Orell & Cie." in 1761.[14] Consequently, the business was renamed to "Orell, Gessner & Cie."[14]

In 1770, both businesses - "Füssli & Cie." and "Orell, Gessner & Cie." - merged to become "Orell, Gessner, Füssli & Cie."[16][17]

In 1780 the company expanded its product range by entering into the newspaper business with the publication of the "Zürcher Zeitung" that was to become "Neue Zürcher Zeitung" in 1821.[18] Almost 90 years upon expansion, the newspaper business was spun off in form of a separate Aktiengesellschaft in 1868.[14]

At the end of the 18th century it was notable for its bookshop in Zürich. It specialized in disseminating literature of the French Enlightenment by means of written orders through the publishing house Société typographique de Neuchâtel (STN), which was known to print banned books.

From 1793 to 1794, Orell Füssli published Marianne Ehrmann's Die Einsiedlerinn aus den Alpen, the first magazine published by a woman in Switzerland.[19]

19th century[edit]

Upon the end of Napoleonic Wars, the appeal of Zurich as a publishing location sharply diminished.[14] As the competitive pressure increases on the market in Germany, the publishing program moves back to Switzerland related topics and the focus of the business shifts to printing.[14][20]

The evidence for the first printing of securities dates back to 1827[21] and the first share certificates for Escher Wyss are printed in 1839.[14] In line with the developments of industrialisation in Switzerland, Orell Füssli becomes one of the first printers to introduce high-speed newsprint press[22] and would use it in production of NZZ which from 1843 on is published daily.[14]

Zürich 4 and 6 (4 and 6 Rappen), Switzerland's first post stamps printed in 1843

On March 1, 1843, the Canton of Zurich released the Zurich 4 and 6 printed by Orell Füssli, first postage stamps in Switzerland,[21] and the second series worldwide,[22] following the Penny Black issued in the UK in 1840.[23] Upon the adoption of the Swiss Federal Constitution in 1848, the prerogative for operating postal services passes to the federal government in 1849[22] and the company did not further pursue this line of business.[22]

Second half of the century provides Orell Füssli with enormous growth opportunities.

Switzerland's first advertisement office ("Annoncenbüro")[14] is established which would subsequently turn into ofa Orell Füssli Werbe AG.[22] Railway advertising starts at a large scale requiring posters of all kinds alongside the emergence of tourist information offices who are looking for mass-printed travel brochures and timetables.[22] Orell Füssli is able to accommodate for these demands.[14] Upon introduction of the 10-colour Photochrom process for colour reproductions in 1880,[14] Orell Füssli further expanded its range of product offerings to include reproductions of all kinds and, in particular, series of maps of foreign territories.[22] In quick succession, the company opens numerous branches on the European continent and in the USA.[22]

On 15 February 1870, the "bank of the citizens of Zurich", Zürcher Kantonalbank founded by the Canton of Zurich, opened its first bank counter.[24] The mandate to print banknotes is assigned to Orell Füssli and the company begins to specialise in this field.[14]

A descendant company, Orell Füssli Filialen, still exists.[25]

Acquisition history[edit]

Share of the AG Art. Institut Orell Füssli, issued 1. October 1890

The following is an illustration of the company's historical predecessors:[17][26]

Logo Orell Füssli

Orell Füssli Holding AG
(1999-present)
U+2191.svg Orell Füssli Graphische Betriebe AG
(1974-1999)
U+2191.svg Art. Institut Orell Füssli
(1890-1974)
U+2191.svg Orell Füssli & Cie.
(1798-1890)
U+2191.svg Orell, Gessner, Füssli & Cie.
(1770-1798)
U+2190.svg Orell, Gessner & Cie.
(1761-1770)

U+2190.svg Conrad Orell & Cie.
(1735-1761)

U+2191.svg Rordorfsche Druckerei
(1731-1734)

U+2190.svg Füssli & Cie.
(1766-1770)

U+2190.svg Heidegger & Co.
(1728-1766)

U+2191.svg Heidegger & Rahn
(1719-1727)

U+2191.svg Offizin Bodmer
(1626-1719)

U+2191.svg Offizin Wolf
(1591-1626)

U+2191.svg Offizin Fischer
(1585-1591)

U+2191.svg Offizin Froschauer
(1519-1585)

Products and services[edit]

Orell Füssli has printed some of Switzerland's banknotes[27] for the Swiss National Bank since 1911.[28][29]

Recently, it printed the Series C of the Israeli new shekel.[30]

Group structure[edit]

After the Group's reorganization into a holding structure in 1999,[1][31] the following companies are wholly owned subsidiaries of the Group:[3]

  • Orell Füssli Security Printing Ltd;
  • OF IP Sicherheitsdruck Ltd;
  • OF IP Verlag Ltd; and
  • Orell Füssli Dienstleistungs Ltd.

In 2013, as a result of the merger between the book retailing activities of Thalia Bücher Ltd and Orell Füssli Buchhandlungs Ltd, a new company, Orell Füssli Thalia Ltd was created with each parent company holding a 50% interest.[3] The Orell Füssli Holding AG holds 51% of the capital of

  • Orell Füssli Buchhandlungs Ltd,

while the Hugendubel Holding Ltd holds the remaining 49%.[3]

The Zeiser Group is another wholly owned subsidiary of the Orell Füssli Holding AG.[3] The parent company of the Zeiser Group is

  • Zeiser GmbH

with registered address in Emmingen, Germany[3] and incorporated pursuant to German laws. Zeiser Group's wholly owned subsidiaries include Zeiser Inc.(domiciled in West Caldwell, US), Zeiser Ltd. (Andover, GB), and Zeiser SRL (Milano, Italy).[3]

The Orell Füssli Holding AG also holds a 24% interest in

  • Orell Füssli Kartographie Ltd.[3]

Company's auditor is PwC in Zürich.[3]

Corporate governance[edit]

Board of directors[edit]

Orell Füssli Holding AG board of directors
Name Position Committees
SwitzerlandAustria Dr. Anton Bleikolm[32] Chairman (2017)
  • Member of the Board of Directors since 2014
Switzerland Dr. Beat Lüthi[33] Vice Chairman
  • Chairman of the Compensation Committee
  • Member of the Board of Directors since 2017
Switzerland Dr. Thomas Moser[34] Member of the Board (2014)
  • Member of the Compensation Committee
Germany Dr. Caren Genthner-Kappesz[35] Member of the Board (2016)
Switzerland Peter Stiefenhofer[36] Member of the Board (2014)
  • Member of the Audit Committee
Switzerland Dieter Widmer[37] Member of the Board (2011)
  • Chairman of the Audit Committee

Group executive board[edit]

Name Position
SwitzerlandDaniel Link[38] CEO (2019)
SwitzerlandBeat Müller[39] CFO (2013)
SwitzerlandDr. Daniel Broger[40] Head of Corporate Development (2017)
SwitzerlandPeter Crottogini[41] Head of Human Resources (2011)

Shareholders[edit]

The share capital of the Orell Füssli Holding AG consists of 1'960'000 registered shares with a par value of CHF 1.00 each[1][42] with shareholdings allocated as follows:[3][43]

Shareholder Total shares Participation,%
SwitzerlandSwiss National Bank (SNB), Berne 653'460 33.34
SwitzerlandDieter Meier, Hong Kong (held by Capdem Development SA)[44] 296'900 15.15
Germany Fam. Siegert, Meerbusch 180'000 9.19
Switzerland Veraison SICAV, Zurich 153'012 7.81
SwitzerlandJ. Safra Sarasin Investmentfonds, Basel (SaraSelect) 98'250 5.01
Others (minority shareholdings)[n 1] 578'378 29.50

References and notes[edit]

Notes[edit]

  1. ^ including 1'136 own shares held by Orell Füssli Holding AG, as of 31 December 2019

References[edit]

  1. ^ a b c d "Orell Füssli Holding AG". Commercial register of canton Zurich. Retrieved 17 March 2020.
  2. ^ a b "About us - Orellf Füssli Holding". www.ofh.ch. Retrieved 17 March 2020.
  3. ^ a b c d e f g h i j k "Annual Report 2019" (PDF). March 2020. Retrieved 17 March 2020.
  4. ^ "Key Figures Online Report 2019". ofh.ch. Retrieved 17 March 2020.
  5. ^ "Media release. 2019 financial year: Good operating result, transformation bears fruit" (PDF). Orell Füssli Holding Ltd. 16 March 2020. Retrieved 19 March 2020.
  6. ^ "Customers come to the bookstore to be inspired". Customer focus – January 2019. ceo – the portal for decision makers. Retrieved 19 March 2020.
  7. ^ "Orell Füslli Holding: Sicherheitsdruck, Buchhandel, Verlag und Atlantic Zeiser". www.ofh.ch. Retrieved 19 March 2020.
  8. ^ "Von der Bibel zur Banknote. Drucken seit 1519". Landesmuseum Zürich (in German). Retrieved 2 April 2020.
  9. ^ Meyer, Helmut (11 January 2018). "Froschauer, Christoph". hls-dhs-dss.ch (in German). Retrieved 23 March 2020.
  10. ^ a b "Orell Füssli: 500 years of tradition | OFS". www.ofs.ch (in German). Retrieved 23 March 2020.
  11. ^ "500 Jahre Orell Füssli. Innovation seit 1519" (PDF) (in German). Orell Füssli Holding AG, Zürich. 2019. Retrieved 23 March 2020.
  12. ^ "500 Jahre Orell Füssli". www.of500.ch (in German). Retrieved 23 March 2020.
  13. ^ swissinfo.ch, S. W. I.; Corporation, a branch of the Swiss Broadcasting (17 April 2019). "Orell Füssli – the 500-year-old Swiss printer". SWI swissinfo.ch. Retrieved 2 April 2020.
  14. ^ a b c d e f g h i j k l m n o p "Die Geschichte: Von der Verlagsbuchdruckerei zur Orell Füssli Gruppe" (PDF). orell füssli (in German). Retrieved 24 March 2020.
  15. ^ Lassner, Martin (24 November 2008). "Orelli, Hans Conrad von". hls-dhs-dss.ch (in German). Historisches Lexikons der Schweiz (HLS). Retrieved 25 March 2020.
  16. ^ Hürlimann, Katja (11 December 2006). "Gessner". hls-dhs-dss.ch (in German). Historisches Lexikon der Schweiz (HLS). Retrieved 25 March 2020.
  17. ^ a b "Über uns. Geschichte". Orell Füssli Verlag (in German). Retrieved 18 March 2020.
  18. ^ "ceo. The magazine for decision makers" (PDF). PwC, Birchstrasse 160, 8050 Zurich, Switzerland. pp. 36–39. Retrieved 18 March 2020.
  19. ^ Gottfried August Bürger, Theophil Friedrich Ehrmann (1802). Briefe an Marianne Ehrmann: Ein merkwürdiger Beitrag zur Geschichte der letzten Lebensjahre des Dichters (in German). Industrie-Comptoir, Internet Archive. Retrieved 2014-11-28. Marianne Ehrmann Briefe.
  20. ^ Koenig, Tanya (18 February 2019). "The business of books and banknotes". CNNMoney Switzerland. Retrieved 2 April 2020.
  21. ^ a b Räber, Stefan (23 August 2015). "National Report – Cartography in Switzerland 2011–2015". ETH Zurich. doi:10.3929/ethz-b-000367892. Cite journal requires |journal= (help)
  22. ^ a b c d e f g h "Orell Füssli Portrait. Innovation of five centuries". docplayer.net. Retrieved 2 April 2020.
  23. ^ "Briefmarkenkatalog". stamps.postmuseum.li. Postal Museum of the Principality of Liechtenstein. Retrieved 2 April 2020.
  24. ^ "History. From 1870 to today: Milestones in the history of Zürcher Kantonalbank". www.zkb.ch. Retrieved 3 April 2020.
  25. ^ Orell Füssli Filialen, books.ch. Retrieved 27 January 2013.
  26. ^ "Orell Füssli. Portrait" (PDF). orell füssli holding ltd., zurich. 2014. Retrieved 19 March 2020.
  27. ^ "Remarks by Thomas Jordan on the acquisition of a majority stake in Landqart AG" (PDF). Swiss National Bank. 21 December 2017. Retrieved 2 April 2020.
  28. ^ "Second banknote series, 1911". Swiss National Bank. Retrieved 27 January 2013.
  29. ^ "The firms that make our money". UBS.Private Clients. 16 May 2017. Retrieved 2 April 2020.
  30. ^ "Israel lässt in Zürich Geld drucken". 20 minuten. Retrieved 23 January 2019.
  31. ^ "Orell Fuessli Holding AG". www.marketwatch.com. Retrieved 2 April 2020.
  32. ^ "Dr. Anton Bleikolm - Orellf Füssli Holding". www.ofh.ch. Retrieved 20 March 2020.
  33. ^ "Dr. Beat Lüthi - Orellf Füssli Holding". www.ofh.ch. Retrieved 20 March 2020.
  34. ^ "Dr. Thomas Moser - Orellf Füssli Holding". www.ofh.ch. Retrieved 20 March 2020.
  35. ^ "Dr. Karen Genthner-Kappesz - Orellf Füssli Holding". www.ofh.ch. Retrieved 20 March 2020.
  36. ^ "Peter Stiefenhofer - Orellf Füssli Holding". www.ofh.ch. Retrieved 20 March 2020.
  37. ^ "Dieter Widmer - Orellf Füssli Holding". www.ofh.ch. Retrieved 20 March 2020.
  38. ^ "Daniel Link - Orellf Füssli Holding". www.ofh.ch. Retrieved 20 March 2020.
  39. ^ "Beat Müller - Orellf Füssli Holding". www.ofh.ch. Retrieved 20 March 2020.
  40. ^ "Dr. Daniel Broger - Orellf Füssli Holding". www.ofh.ch. Retrieved 20 March 2020.
  41. ^ "Peter Crottogini - Orellf Füssli Holding". www.ofh.ch. Retrieved 20 March 2020.
  42. ^ "Articles of Incorporation of Orell Füssli Holding Ltd, Zurich" (PDF). 28 April 2016. Retrieved 20 March 2020.
  43. ^ "ORELL FÜSSLI HOLDING AG : Aktionäre Vorstände Geschäftsführer und Unternehmensprofil | OFN | CH0003420806 | MarketScreener". ch.marketscreener.com (in German). Retrieved 19 March 2020.
  44. ^ Kohler, Franziska (28 November 2014). "Wie Dieter Meier es unter die Reichsten schaffte". Tages-Anzeiger (in German). Retrieved 20 March 2020.

External links[edit]