Biella off to a good start in 2016
The General Meeting of Biella-Neher Holding AG was held on May 2, 2016. All agenda items were approved in the sense of the Board of Directors. Dr. Erica Dubach Spiegler was newly elected to the Board of Directors. Despite the persistently difficult industry environment, Biella was able to achieve its sales targets in the first quarter of 2016. The focus remains on increasing cost efficiency and on new, innovative service offerings. An important event in the area of digitalization was the market launch of Biella SimplyFind.
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"Looking ahead is difficult, also because the overall economic development is uncertain. Nevertheless, we are confident of achieving the goals we have set."
At the 116th Annual General Meeting held at the company's headquarters in Brügg/Biel, Dr. Erica Dubach Spiegler, who has extensive experience in the field of digitization, was newly elected to the Board of Directors. For reasons of age, Stephan Neher, a member of the Board of Directors since 1988, did not stand for re-election. The Chairman of the Board of Directors, Rolf U. Sutter, and all other current members of the Board of Directors were re-elected for a term of office of one year until the next Annual General Meeting, in accordance with the Articles of Association.
First quarter on target
Biella Group's sales development in the first quarter of 2016 was in line with expectations, according to the company. Lower sales in Switzerland were offset by better than planned business development abroad, it adds. In particular, expectations were exceeded in Germany, by far the Group's largest sales market. In addition to implementing further efficiency improvements, the Group is working intensively on marketing new, innovative service offerings.
Biella SimplyFind launched
Biella SimplyFind was launched in the first quarter of 2016. Under the motto "Finding with a system," easy-to-use and secure solutions - bridging the gap between the physical and digital worlds - are being developed here. The first offerings, Biella SimplyFind Archive and Scan, have met with a good response on the market and will be supplemented by further digital modules in the course of the year. In addition, Biella will soon be launching its own webshop for individualized products using the new Web2Print technology.
Target 2016: further increase in EBIT margin
In view of the difficult industry environment and not least because of the pioneering nature of the new digital offerings, a precise forecast for the full year 2016 would be very challenging. However, Biella is pursuing the goal of further improving the EBIT margin in 2016.
More information: www.biellagroup.com
