Your Packaging Innovator
Annual Report 2015/2016
The Wipf Group is expanding worldwide. During the past years, the Wipf Group has systematically invested in new locations and agencies, thus increasing its share in exports. Overall, it has a presence at 11 business and production sites and 18 agencies around the globe. Certain products and brands of the Wipf Group are distributed throughout the world, including WICOVALVE®, WICOSEAL®, POLIALUVEL®, POLIVEL®, and RCFilm®. The ELCO®, Swiss Direct Marketing®, and Flyerline® brands are marketed across Europe. The Wipf Group was founded as a family-owned enterprise in 1914. Its headquarters are in Brugg. The Envelopes & Stationery (Elco AG) as well as the Direct Marketing (Swiss Direct Marketing AG) deliverables are developed and manufactured in Brugg. Competencies in Digital Services are provided by Flyerline Schweiz AG in Altnau. Flexible Packaging is produced by Wipf AG in Volketswil. Wipf Doypak A.S. in Istanbul serves the Turkish market. High-grade CPP films are manufactured in Thailand.
Overview
Report of the Board of Directors
4
Wipf AG, Flexible Packaging
8
Response to the strong Swiss franc
10
Elco AG, Envelopes & Stationery
12
Sustainable development fortified
14
Swiss Direct Marketing AG, Direct Marketing
16
Well established profile in a challenging enviroment
18
Governance and senior management
20
Faster pace for investments and innovation The 15th of January 2015 will be remembered as the day when the Swiss National Bank abandoned the CHF/ EUR exchange rate floor. The decision came as a surprise and also shocked us somewhat. Nonetheless, we were able to quickly implement cost-savings and efficiency-boosting measures in all of the Group’s companies. At the same time, we also accelerated our investment pace as well as our innovation and development efforts. Moreover, we forayed into new markets. It was not a headlong rush forward but focussed on concerted action to assure sustainable development and a successful future.
The economic scenario Real revenues in Switzerland’s processing industries are largely at prior-year levels. As regards exports, sales to the EU and especially to Germany have picked up momentum. Due to the economic chill in Europe, we are currently seeing a slight capacity underutilization. Additionally, we expect somewhat lower margins than in the past. The measures we undertook to reduce costs and enhance efficiency are producing the anticipated results. However, it is our assumption that raw material prices will continue to rise. Review of financial 2015/2016 For the year under review, we posted gains in sales despite declines in our traditional Swiss markets for Flexible Packaging and Envelopes & Stationery. Thanks to a higher export quota, new production and commercial sites in Thailand and Turkey, as well as acquisitions, consolidated sales expressed in Swiss francs increased
yet again, by 3% to CHF 158.6 million (PY: 3%, CHF 154.2 million). Currency-adjusted growth was 6% (PY: 6%). EBITDA and net profit generated by the Wipf Group rose compared with the previous year. We owe this reassuring outcome to improved r esults in our traditional Swiss business lines, despite goodwill amortization on new acquisitions. At CHF 16.8 million, cash flow from operations again made it possible to fully finance substantial and expedited investments in fixed assets with own funds amounting to nearly CHF 10 million. Due to investments in acquisitions with available liquidity, the year closed with a surplus in net financial assets. As at the end of June 2016, the equity ratio was a very sound 65%. Because of acquisitions, the number of employees rose to 553 (FTE), mainly strengthening Group-wide know-how in the domain of digital services. Outlook for financial 2016/2017 After a somewhat lacklustre start, the overseas investment in RC-Film Co. Ltd. (JV 50/50%) in Thailand should pay off in the coming year. The acquisition of Flyerline Schweiz AG effective 1.1.2016 adds a division to the Group that has made considerable progress in digital-era capabilities and can contribute this added value for the benefit of the individual Group companies. Flyerline remains independent with its proven management at the Altnau site. The start of the new financial year on 1.7.2016 was marked by the introduction of a new four-division Group structure and the launch of a totally redesigned Group website: www.wipfgroup.com.
Report of the Board of Directors
Board of Directors (from left): Markus Diggelmann, Christian Wipf, Chairman, Philipp Sutter, Dr. Rudolf Wehrli
wipfgroup Annual Report 2015/2016
4 | 5
Two global trends – the Internet as an important distribution channel and digitization – open up exciting opportunities for us with new business models and processes. These trends will compete against classic distribution channels and value chains in legacy industries. We have already taken on these challenges and will continue to do so by making our business fit for the future with new products, offerings, and – in particular – digital services. A glimpse of the future After a slight decline in the past months, we expect sales to increase again looking forward. Plannability of business volumes is fraught with difficulties as uncertainties in near-term projections prevail. However, we are convinced that our investments during the past twelve months will contribute to improved efficiencies. Developments that worry us include the possible consequences of “Brexit” – the withdrawal of the United
2015/2016
Wipf Group
CHF m
EUR m
(avg. rate 1.0872)
Net sales
158.6
2014/2015 CHF m
EUR m
(avg. rate 1.1269)
145.9
154.2
136.8
Kingdom from the European Union –, the unstable situation in some threshold countries, particularly Turkey and Thailand, the acceleration of structural changes in Switzerland, the proliferation of regulatory constraints, and the potentially negative consequences of the mass immigration initiative if and when it is ratified. While we can live with the current exchange rate situation, we can only hope that the Swiss franc will not continue to appreciate as “Brexit” begins to materialize. In brief: economic volatility and the strength of the franc are characteristics of the current business scenario and call for circumspect navigation.
Brugg, 6 September 2016 Christian H. Wipf Chairman
2015/2016
Wipf Group
CHF m
EUR m
(avg. rate 1.0872)
Net sales
2014/2015 CHF m
EUR m
(avg. rate 1.1269)
158.6
145.9
154.2
136.8
Switzerland
95.1
87.5
92.9
82.4
Flexible Packaging
74.8
68.8
76.1
67.5
EU/EEA
53.5
49.2
51.3
45.6
Envelopes & Stationery
61.6
56.7
61.7
54.8
Other countries
10.0
9.2
10.0
8.8
Direct Marketing
15.2
14.0
16.4
14.5
Digital Services
7.0
6.4
Turnover by geographical market
Turnover by division
(100% = CHF 158.6 m)
(100% = CHF 158.6 m)
Switzerland 60% (PY: 60%)
Flexible Packaging 47% (PY: 49%)
EU/EEA 34% (PY: 34%)
Envelopes & Stationery 39% (PY: 40%)
Other countries 6% (PY: 6%)
Direct Marketing 10% (PY: 11%)
Digital Services 4% (PY: 0%)
Report of the Board of Directors
Group Management (from left): Werner Werder, Head of Finance (FP), Hans-Rudolf Schafflützel, Head of Flexible Packaging Division (FP), Christian Wipf, CEO, Bernhard Feusi, Head of Finance (ESD), Hans-Jörg Aerni, Head of Envelopes & Stationery, Direct Marketing Division (ESD)
wipfgroup Annual Report 2015/2016
6 | 7
“wow!” – We Optimize Wipf! We laid the cornerstone for our focus on kaizen (change for the better) in the autumn of 2012. Thanks to valuable input of our employees, we were able to achieve genuine progress. Interdepartmental procedures were optimized and total resource effectiveness boosted by 20%. We guarantee quality and safety by closely monitoring hygiene and cleanliness. On 11 March 2016, we celebrated the award presentation with our staff at a storied location: our former premises on Badenerstrasse in Zürich where beer is brewed today and the Turbinenhalle restaurant moved in. We cordially congratulate all teams on their successful certification. We are very proud to have finished third in Zürcher Kantonalbank’s 2016 SME Competition for sustainable companies. Alongside the award, we received a check for CHF 30 000. You probably suspect it already: We owe the prize money to our teams’ initiative! We invested it in the award ceremony!
“I spare no effort to make callers on the phone or visitors at the reception desk feel welcome and competently advised.� Christina Voit Reception/Switchboard, Wipf AG
Christina Voit | Reception/Switchboard
Together with your colleague, you are Wipf’s first voice. How does it feel when you have the first contact with a caller? First impressions count. I am very well aware of that, so I spare no effort to welcome callers and visitors with a friendly and professional attitude. Which possibilities does a 60% job offer you in managing your life? It allows me to find a good family life/work balance. And it gives me and my husband, who works irregular hours, enough time to spend together. Which company values appeal to you most? I appreciate the opportunity to work for a family enterprise that upholds traditional values, is very solidly grounded, and innovative. The entrepreneurial decisions are thought through. For me, it is a very positive feeling to be appreciated and vested with genuine trust. Which factors characterize your work as a receptionist? Visitors, staff members and managers alike confront me with a wide range of concerns and wishes; this makes my job very diversified and interesting. Also, I can make use of my foreign language skills, so there’s never a monotonous day in my schedule. You are often able to identify people by their voices and then suddenly, they show up in person at the reception desk. What happens then? Frequently, when I hear a voice on the phone, I try to picture that person’s face. But I’m always happy to meet the real person behind the voice. You’re always in good spirits. How do you do that? I can benefit from many of my strengths in my job, and that’s probably why I project confidence. When I go home in the evening, it’s always a good feeling to know that I’ve done a solid day’s work. Since I work part-time, I can also devote my attention to other things to achieve a sense of balance. What’s more important: friendship or love? Both are very important to me. Friendship is a different kind of relationship than partnership. I’m fortunate to have both.
wipfgroup Annual Report 2015/2016
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Response to the strong Swiss franc Switzerland’s economy is highly dependent on exports and thus particularly vulnerable to the strong Swiss franc. In this respect, increased wages and salaries play a pivotal role. Many companies have reacted to this scenario. Wipf AG was one of them, given an export quota of nearly 80% (PY: 73%) and an extensive level of vertical integration in Switzerland. Offshoring production into the eurozone was never considered an option. Instead, we focused on sustainable streamlining programmes and systematically invested in Switzerland. Three years ago, we successfully launched “wow!”, a programme for boosting the efficiency of individual business processes. Despite the fact that more than 120 measures have already been implemented so far, we still see further savings potentials.
Additionally, CHF 8 million have been invested in new technologies for the pouchmaking unit, valve production, and lamination. Although the replaced equipment was not obsolete and even found willing buyers, we felt that the time had come to rely on latest-generation technology for greater efficiency and reliability in production. Sales development In the wake of strong growth during the prior year, we posted a modest decline in sales revenues (1.7%) for the year under review. It was attributable mainly to hesitation among our Swiss customers who are exposed to heavy pressure in the domestic market. We had to accept the fact that domestic growth in the food industry lacks direction and that success in exports can be
2015/2016
Flexible Packaging
CHF m
Net sales
EUR m
2014/2015 CHF m
(avg. rate 1.0872)
Flexible Packaging
74.8
68.9
76.1
67.5
Food
46.2
42.5
49.1
43.6
Pet Food
12.8
11.8
13.1
11.6
Non Food, Pharma, Medical 15.8
14.6
13.9
12.3
Turnover Flexible Packaging (100% = CHF 74.8 m)
Hans-Rudolf Schafflützel
EUR m
(avg. rate 1.1269)
Food 62% (PY: 65%)
Pet Food 17% (PY: 17%)
Non Food, Pharma, Medical 21% (PY: 18%)
achieved almost exclusively with premium products. The sales quota in Switzerland closed at 22% (PY: 27%), in the EU/EEA at 65% (PY: 62%), and overseas at 13% (PY: 11%). Earnings trend Our efficiency enhancement efforts were reflected in the financial result. But also thanks to a better year-over-year euro exchange rate, we exceeded the budgeted goals and were even able to finance the ambitious investments with generated cash flow. Wipf Doypak in Istanbul In Turkey, we identified a growing demand for our retortable pouches and rolls. We can be proud of our solid position in one of the most competitive markets. RC-Film Thailand (JV 50/50%) A year after we started producing CPP films for the retort market, we still have a long way to go. The technical obstacles (installation, commissioning, and production start) were successfully mastered, the product is stable,
High-speed pouchmaking machine
and the quality fulfils the expectations of our customers. Unfortunately, customer validations of the films (new supplier with new film) are taking much more time than originally expected. We want to meaningfully use the waiting period to intensively promote global distribution. Future outlook In the past years, together with our customers, we had the privilege of embarking on many exciting development projects for a broad spectrum of applications. In some of them, we are in the finalization phase. These are positive signals for the future. However, we are aware of the fact that our company cannot exist with niche and speciality products alone. Looking forward, long-term entrepreneurial success can be assured only with attractive, innovative deliverables and developments – at the moment, we are doing well in this regard.
Hans-Rudolf Schafflützel Head of Flexible Packaging Division
Triplex lamination machine
wipfgroup Annual Report 2015/2016
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This year, Elco AG was awarded the Aargau Entrepreneurs Prize in the category “Best Industrial and Production Enterprise”. The year 2016 marks the 10th anniversary of the competition which is organized jointly by the Aargau Trades Association and the Aargau Kantonalbank. Award eligibility criteria include entrepreneurial success, future outlooks, and corporate culture. After a multi-month selection process, the jury picked the winners. Compiling the application documents was complex – but also revealing. Next: the acid test. 15 minutes for the presentation. The jury members paid a one-day visit to the top 3 companies, after which they prepared the ranking list. We are proud of the award and of our staff members! The prize is an incentive to remain aware and committed. We will invest the prize money in a festive party for all employees.
“Imagination is more important than knowledge, because knowledge is limited.� Francesco Ballato Graphic artist, Elco AG
Francesco Ballato | Graphic artist
What motivated you to become a graphic artist? I always knew that my profession would have to involve creativity; I was already very attracted to arts and crafts as a child. In the course of time, graphic arts became a natural calling for me. How multi-faceted is your daily work? It is highly diversified day after day, and that’s what I appreciate in this company. Whether it’s designing websites or creating hand drawings: the spectrum is boundless. I can contribute my talents across the board. Nowadays, in my profession, that is a very rare situation. For me, this diversity and variety is marvelous. What else interests you? My interests are broadly based. I like painting, and graffiti inspires me. Then, there’s playing and producing music. I enjoy skateboarding and snowboarding, movies, nature, animals, and mini-farming. What’s absolute happiness for you? For many people, absolute happiness is a material concept, like an expensive car or the pursuit of money or more money. For me personally, it’s mainly good health, a loving partner, leisure time, cats, family, and friends. If all these facets harmonise and fit together, then that is happiness. The more people appreciate what they already have, the happier they will be. Which product would you like to have designed? That’s a difficult question, because as a graphic artist, I want to present a product in an appealing way, for instance in advertisements or on covers, etc. From this perspective, I have been able to contribute my skills to quite a few products. This reminds me of a redesign project that occupied me for over two years. I was very proud of the result. I’m eager to get involved in a large-format project, like a product illustration or graffiti. It would then be showcased on a large wall or the side of one of our trucks. What’s your favourite soft spot? Even though my girlfriend and I changed our nutrition plan four years ago, we still order pizza once a week. So pizza is my favourite soft spot.
wipfgroup Annual Report 2015/2016
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Sustainable development fortified Volatility in the markets The volume trend exhibited considerable fluctuations Âafter the EUR/CHF exchange rate floor was abandoned. Metrics from the past allow only conditional projections of future volumes because they hardly provide dependable data that could be used for forecasting. After a lacklustre start, volumes picked up noticeably around the end of the year, but meanwhile, the individual months have become very volatile. The difference between one month with low capacity utilization and another month with brisk orders can amount to between 70 and 80% or more.
Challenging resource management Significant fluctuations in demand call for exceptionally high flexibility and tenacity on the part of the management and staff members. The annual work quota introduced several years ago is a proven instrument for cushioning such fluctuations and meeting delivery deadlines. Continuous increase in productivity In Europe, envelope segment volumes have been on the decline for years. In Switzerland, they are comparatively stable. Nonetheless, prices are under pressure because consumers are very price-aware shoppers. This forces us to further boost productivity even though it is becoming more and more difficult to identify savings potentials. Still, during the year under review, we were able to hold operating margin roughly at the prior-year level.
2015/2016
Envelopes & Stationery Net sales
CHF m
EUR m
(avg. rate 1.0872)
CHF m
EUR m
(avg. rate 1.1269)
Envelopes & Stationery
61.6
56.7
61.7
54.8
Key accounts
25.1
23.1
24.7
21.9
Retail
20.1
18.5
19.7
17.6
Graphic arts industry
11.5
10.6
12.1
10.7
4.9
4.5
5.2
4.6
Export
Turnover Envelopes & Stationery (100% = CHF 61.6 m)
Hans-JĂśrg Aerni
2014/2015
Key accounts 40% (PY: 40%)
Retail 33% (PY: 32%)
Graphic arts industry 19% (PY: 20%)
Export 8% (PY: 8%)
Investments in automation For years, the focus in investments has been on advancing automation in production and creating competencies in the digital world. Therefore, we are systematically updating our manufacturing resources with latest- generation automation components. Thus, with our machines, we are currently able to produce about 1 million envelopes within 24 hours. The degree of automation in our company is generally very advanced. Once a machine has been set up, it will process a raw material infeed and then deliver a palletized superior-quality product at the end of the production line. Solid financials assure stability The production of our products remains very capital-intensive. However, we were again able to reduce outside capital during the past year. As a financially sound enterprise, we are a dependable partner for our customers. Additionally, we have the necessary financial latitude to continue investing in the future. Digitization as an opportunity We consider digitization to be an opportunity rather than a threat. Digital communication with our customers is already a fact and will continue to broaden in scope. Our
intention is to further deepen the degree of digital automation and boost process efficiency even more. We see development potential especially in the domains of “Organizing and Writing” as well as in the launch of new products, particularly within the “Prestige Line”. Innovation as a motor We are successfully underway with the myelco.ch card portal and also see considerable growth potential in this segment. The ELCO-Notes App is unique and very innovative as well. With the use of a special ELCO notepad, handwritten notes can be easily digitized with a smartphone and swiftly converted into a multi-page PDF document. But innovation means more than developing new products. It also involves seeking trailblazing solutions in customer relations, be it with individualized customer shops or with digitized communication. We are convinced that our spirit of innovation and our systematic customer focus will allow us to continue on a path of profitable growth and to master the challenges of the future.
Hans-Jörg Aerni Head of Envelopes & Stationery, Direct Marketing Division
Neue APP!
Fully automatic palletizing robot
ELCO Notes – the app from professionals for writing and organizing wipfgroup Annual Report 2015/2016
14 | 15
A new machine generation has gone online with the CMC Evolution 400. It introduces fundamental changes in the production of mailings. The commissioning of the CMC Evolution 400 represents a major investment in state-of-the-art technology and a challenge for our employees. In a single step, the CMC handles jobs that previously required several machines. Accordingly, our staff members had to rethink procedures, not just in production but also as regards leveraging the machine’s capabilities and restructuring handling processes. They were very receptive to and keenly interested in the new technology. The operators assigned to the machine underwent in-depth training during a week at the CMC plant near Florence. The familiarization phase at our premises in Brugg was accompanied by the manufacturer’s technicians. Thanks to the commitment of everyone involved, swift adjustment, and the determination to learn new techniques, the team succeeded in quickly acquiring specialized knowledge.
“Treat people the way you would like to be treated yourself.” Thomas Wenger PrePress, Swiss Direct Marketing AG
Thomas Wenger | PrePress
How would your life change without a mobile phone? It wouldn’t be a serious problem for me, but having a mobile phone is certainly convenient in some situations. I would miss it for the things that it simplifies. You’re accessible for your children’s teachers, for your wife, for the company. It would be difficult to communicate with my parents, because they are hard of hearing; a mobile phone makes conversations easier. I would need to use the computer more often. That would complicate matters. What character trait would ou like to have? I am the way I am and that’s all right. If you were an animal, what would you like to be and why? Oh, difficult question. It would be cool to be a gorilla (laughs), muscular by nature yet vegan nonetheless. Animals wouldn’t have to die for me to cover my protein requirements. Or a cat. Cats do what they want but are still loved and caressed, and get fed on top of that. What makes you proud more than anything else? My family, my wife, and my children. What do you like most about your job? The diversity, ongoing change, and new situations. I’m also happy that I can structure my day as long as I stay on schedule. Working with such a great team is a pleasure. I have found my place in the working world. Additionally, it’s always rewarding to hold the finished product in my hands after the workday has ended. Do you have to betray your ideals to live well? Treat people the way you would like to be treated yourself. To be a good Muslim and to take care of the weak and the poor. I try to treat everyone equally and always in a friendly way. And that’s what I get back from the people around me. To not want everything, or not always want more than one needs. To treat oneself to something once in a while. To be a good father and a good role model without being too strict. What makes you laugh? When one of my children does a good deed, such as when one of my sons helps an elderly lady and gets a smile in return, and a grateful thank-you. There are many things I can laugh about. In our team, we always have a good time and share jokes that make us all laugh – it’s great fun.
wipfgroup Annual Report 2015/2016
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Well established profile in a challenging environment The perfect personal approach For four years now, Swiss Direct Marketing AG has been active in multichannel marketing with the claim “creating response”. The interaction of classic direct marketing and online media empowers innovative and cost-effective communication solutions that generate above-average response. It took years to develop the know-how behind this expertise. The programming and prepress teams leverage professional methods that make successful campaigns realistic in the first place. Swiss Direct Marketing is well positioned in the market and its successful projects have had a positive impact on target group awareness.
Investments and innovations Funds were invested in a new processing line last year. The number of process steps was reduced with the upstream trimming and merging equipment. Together with the digital web press installed two years ago, we now have the ability to cost-effectively produce extremely complex advertising media. The upstream software that controls multichannel campaigns was updated as well. Our specialists are able to physically and digitally implement and customize all approach techniques without requiring the customer to build elaborate IT solutions.
2015/2016
Direct Marketing
CHF m
Net sales Direct Marketing
CHF m
EUR m
(avg. rate 1.1269)
15.2
14.0
16.4
14.6
9.1
8.3
10.6
9.5
Key accounts Converters
1.9
1.8
1.8
1.6
Agencies
2.2
2.0
2.6
2.3
Service providers
2.0
1.9
1.4
1.2
Turnover Direct Marketing (100% = CHF 15.2 m)
Hans-Jörg Aerni
EUR m
(avg. rate 1.0872)
2014/2015
Key accounts 60% (PY: 65%)
Converters 13% (PY: 11%)
Agencies 14% (PY: 16%)
Service providers 13% (PY: 8%)
Data quality label guarantees safety for the customer Direct marketing projects rely on sensitive personal data. A functioning data protection management system is essential for security in handling recipient data profiles and effectively fulfilling legal privacy and contractual provisions while safeguarding an appropriate level of information integrity. We have been officially certified with the GoodPriv@cy® label since August 2015. This is an important statement for our customers because they want to be assured that we handle their data with priority on safety. Process automation with SAP ERP Internal processes were further optimized as well. They were redefined and mapped in SAP during a project that lasted about 2 years. Now, the entire order management process is IT-based. Thanks to this structured process, we can further increase security in the order handling domain.
Large diversity of direct marketing services and products Today, IT is indispensable for customer relationship management and also for direct marketing. But the degree of complexity remains formidable. To master the challenges, Swiss Direct Marketing has the in-depth know-how, optimized services, and matching products. Greater momentum in Western Switzerland PP Mailing House SA in Givisiez is an affiliated company with the same profile and deliverables as Swiss Direct Marketing AG. It is evolving briskly and posted slight growth last year. Production capabilities were further broadened as regards both personalization and filling processes. The personalization software has also been updated to the same status at both locations. Consequently, both companies can provide the entire range of products and services. This allows customers to benefit from efficient, forward-looking multichannel campaigns in Western Switzerland as well.
Sound financials The company achieved its operational goals. We are also moving forward in our plan to reduce borrowed capital. Thus, since it was founded four years ago, the company is poised to accomplish its future investment and growth objectives.
Hans-Jörg Aerni Head of Envelopes & Stationery, Direct Marketing Division
Multichannel direct marketing campaign
New high-performance envelope filling line
wipfgroup Annual Report 2015/2016
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Wipf Holding AG Wildischachen CH-5201 Brugg Tel. +41 56 462 82 00 Fax +41 56 462 83 27 info@wipfgruppe.ch www.wipfgroup.com
Wipf AG Industriestrasse 29 CH-8604 Volketswil Tel. +41 44 947 22 11 Fax +41 44 947 22 89 info@wipf.ch www.wipf.ch
Board of Directors Christian Wipf, Küsnacht ZH, Chairman and Executive Director Markus Diggelmann, St. Gallen SG Philipp Sutter, Bremgarten AG Dr. Rudolf Wehrli, Richterswil ZH
Board of Directors Christian Wipf, Küsnacht ZH, Chairman Hans-Jörg Aerni, Brittnau AG Hans-Rudolf Schafflützel, Lachen SZ
Wipf Management AG Wildischachen CH-5201 Brugg Tel. +41 56 462 82 01 Fax +41 56 462 83 27 info@wipfgruppe.ch www.wipfgroup.com Group Management Christian Wipf, CEO Hans-Rudolf Schafflützel, Head of Flexible Packaging Division (FP) Hans-Jörg Aerni, Head of Envelopes & Stationery, Direct Marketing Division (ESD) Bernhard Feusi, Head of Finance (ESD) Werner Werder, Head of Finance (FP) Wipf Asia Pacific Limited Caroline Centre 28 Yun Ping Road Hong Kong
Executive Committee Hans-Rudolf Schafflützel, CEO Oliver Fankhauser Malte Jonsson Werner Werder Othmar Wohlhauser
Sales Malte Jonsson Melanie Hauser Michel Schlaepfer Marketing Karin Weidmann Order Management Piero Rapagna Plant Management Oliver Fankhauser Sourcing Oliver Fankhauser Production Andrea Meola Karl Mosimann
Human Resources Maya Schulthess
Research & Development Othmar Wohlhauser Markus Schulthess Mario Spadin Mario Zöbeli Fabian Tanner
Information Technology Patrick Dönni
Quality Management Karl Mosimann
Wipf Doypak Paketleme A.Ş. Starlife Residence İstanbul Cad. Ust Kume Sok. No: 2 D:66 Kemerburgaz-Göktürk TR-Istanbul Tel. +90 212 322 16 98 Fax +90 212 322 16 40 info@wipfdoypak.com www.wipfdoypak.com
RC-Film Co., Ltd 7/451 Moo 6, Amata City Industrial Estate Mabyangporn, Pluakdaeng TH-Rayong 21140 Tel. +66 38 9136 98 Fax +66 38 9136 99 info@rc-film.com www.rc-film.com
Finance and Controlling Werner Werder
Board of Directors Christian Wipf, Küsnacht ZH, Chairman Hans-Rudolf Schafflützel, Lachen SZ Executive Committee Gülçin Gök
Board of Directors Ananchat Thangkasemvathana, Bangkok, Thailand Chitraporn Tangsuwan, Bangkok, Thailand Christian Wipf, Küsnacht ZH Hans-Rudolf Schafflützel, Lachen SZ Executive Committee Paolo Rimini, CEO Paponsun Manoonpanit, GM
Governance and senior management
Elco AG Wildischachen CH-5201 Brugg Tel. +41 56 462 80 00 Fax +41 56 462 80 80 info@myelco.ch www.elcoswitzerland.ch Board of Directors Christian Wipf, Küsnacht ZH, Chairman Hans-Jörg Aerni, Brittnau AG Executive Committee Hans-Jörg Aerni, CEO John Zöllin, COO Elco AG Thomas Ziegler, COO Swiss Direct Marketing AG Bernhard Feusi, CFO Finance and Controlling Bernhard Feusi Human Resources Daniela Ziegler Information Technology and Logistics Werner Ruf
COO Elco AG John Zöllin Sourcing Fabrizio Sommovigo Heidi Pozzato Research & Development Daniel N. Zuber Sales Stefan Hodel (Graphic arts industry) Dölf Sturzenegger (Direct business) Stephan Zehnder (Export) Stephan Zwick (Trade) Gregor Gross (Sales office) Peter Schraner (Sales office) Marketing & Product Management Barbara Buchegger Production Heinz Berli Printing Heinz Acklin Retailing Marcel Flury
PP Mailing House SA Route A.-Piller 33D CH-1762 Givisiez Tel. +41 26 466 82 82 Fax +41 26 466 78 26 info@ppmailing.ch www.ppmailing.ch
Flyerline Schweiz AG Landstrasse 30 CH-8595 Altnau Tel. +41 71 686 84 70 Fax +41 71 686 84 99 info@flyerline.ch www.flyerline.ch
Board of Directors Christian Wipf, Küsnacht ZH, Chairman Hans-Jörg Aerni, Brittnau AG
Board of Directors Christian Wipf, Küsnacht ZH, Chairman Hans-Jörg Aerni, Brittnau AG Steffen Tomasi, Tägerwilen TG
Executive Committee Jonathan Picco Finance and Controlling Vincent Gremion Sales Marc Boesch Romain Bossel Laura Charrière (Sales office)
Swiss Direct Marketing AG Wildischachen CH-5201 Brugg Tel. +41 56 462 85 00 Fax +41 56 462 85 58 info@mysdm.ch www.mysdm.ch Board of Directors Christian Wipf, Küsnacht ZH, Chairman Hans-Jörg Aerni, Brittnau AG COO Swiss Direct Marketing AG Thomas Ziegler Sales Renato Bolt Christian Riziotis (Sales office) Marketing Nadine Krienbühl Production Daniel Huber Information Technology Daniel Huber
Executive Committee Steffen Tomasi, CEO Finance and Controlling/Information Technology Christian Manser Production Christoph Bühner
Production José Ferreira wipfgroup Annual Report 2015/2016
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Wipf Holding AG Wildischachen CH-5201 Brugg Switzerland www.wipfgroup.com