| Orell Füssli AG | |
| Type: | Aktiengesellschaft (AG) |
| Founded: | 1519, 1890 (AG) 1999 (Holding) |
| Founder: | Christoph Froschauer |
| Hq Location: | Dietzingerstrasse 3[1] |
| Hq Location City: | 8003 Zürich |
| Hq Location Country: | Switzerland |
| Key People: | Board of Directors [2]
|
| Operating Income: | [3] |
| Net Income: | [4] |
| Equity: | [5] |
| Owners: | --> |
| Num Employees: | [6] |
| Divisions: | [7] [8] |
Orell Füssli is a Swiss banknotes 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 since 1897. It is the oldest continuously publicly traded company of Switzerland.
At the beginning of the 16th century, the Imperial free city of Zürich 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[9] to Zürich[10] to be granted the rights of citizen of Zürich in 1519.[11] The city commissioned him with the task of setting up a printing press along with further assignments that would result in the establishment and expansion of the printers.[11] Froschauersche Druckerei received the status of a state printer[12] and ultimately published the works of Erasmus von Rotterdam, Martin Luther and Zwingli.[13] [14] Subsequently, Froschauer Druckerei expanded its product range to include historical, medical and scientific writings.
From 1530 to 1585, the Druckerei emerged as one of the most prominent publishers in the German-speaking field[15] and in the years to follow, the business would change owners within the Zürich 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.[15] It is not until 1744, as the Zürich Ratsherr Johann Rudolf Füssli joined the company as a partner and shifted the focus to the areas of theology, natural sciences, history and arts.[15] In 1766, he becomes the sole owner of the business which from then on is referred to as "Füssli & Cie.".[15]
Hans Conrad von Orelli and his uncle Johann Jakob Bodmer run "Orell & Cie.", a publishing house with a Druckerei.[16] The Gessner family who also operated a Druckerei since 1670 and later a bookshop joined "Orell & Cie." in 1761.[15] Consequently, the business was renamed to "Orell, Gessner & Cie."[15]
In 1770, both businesses - "Füssli & Cie." and "Orell, Gessner & Cie." - merged to become "Orell, Gessner, Füssli & Cie."[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.
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]
Upon the end of Napoleonic Wars, the appeal of Zürich as a publishing location sharply diminished.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.[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.In line with the developments of industrialisation in Switzerland, Orell Füssli becomes one of the first printers to introduce high-speed newsprint press and would use it in production of NZZ which from 1843 on is published daily.
On 1 March 1843, the canton of Zürich released the Zürich 4 and 6 printed by Orell Füssli, the 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]
The second half of the century provides Orell Füssli with enormous growth opportunities.
Switzerland's first advertisement office ("Annoncenbüro") 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. Upon introduction of the 10-colour Photochrom process for colour reproductions in 1880, 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 Zürich", Zürcher Kantonalbank founded by the canton of Zürich, 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.
A descendant company, Orell Füssli Filialen, still exists.[25]
The following is an illustration of the company's historical predecessors:[26] [27]
Orell Füssli has printed some of Switzerland's banknotes[28] for the Swiss National Bank since 1911.[29] [30]
After the Group's reorganization into a holding structure in 1999,[31] the following companies are wholly owned subsidiaries of the Group:
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. The Orell Füssli Holding AG holds 51% of the capital of
while the Hugendubel Holding Ltd holds the remaining 49%.
The Zeiser Group is another wholly owned subsidiary of the Orell Füssli Holding AG. The parent company of the Zeiser Group is
with registered address in Emmingen, Germany and incorporated pursuant to German laws. Zeiser Group's wholly owned subsidiaries include Zeiser Inc.(domiciled in Fairfield, NJ, US), and Zeiser Ltd. (Andover, GB).
The Orell Füssli Holding AG also holds a 24% interest in
Company's auditor is PwC in Zürich.
| Name | Position | Committees |
|---|---|---|
  Dr. Anton Bleikolm[32] | Chairman (2017) |
|
| Dr. Beat Lüthi[33] | Vice Chairman |
|
| Dr. Thomas Moser[34] | Member of the Board (2014) |
|
| Dr. Caren Genthner-Kappesz[35] | Member of the Board (2016) | |
| Peter Stiefenhofer[36] | Member of the Board (2014) |
|
| Dieter Widmer[37] | Member of the Board (2011) |
|
| Name | Position |
|---|---|
| Daniel Link[38] | CEO (2019) |
| Reto Janser[39] | CFO (2020) |
| Dr. Daniel Broger[40] | Head of Corporate Development (2017) |
| Peter Crottogini[41] | Head of Human Resources (2011) |
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[42] with shareholdings allocated as follows:[43]
| Shareholder | Total shares | Participation,% |
|---|---|---|
| Swiss National Bank (SNB), Bern | 653'460 | 33.34 |
| Dieter Meier, Hong Kong (held by Capdem Development SA)[44] | 296'900 | 15.15 |
| Fam. Siegert, Meerbusch | 180'000 | 9.19 |
| Veraison SICAV, Zürich | 153'012 | 7.81 |
| J. Safra Sarasin Investmentfonds, Basel (SaraSelect) | 98'250 | 5.01 |
| Others (minority shareholdings) | 578'378 | 29.50 |