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Investor Relations News
Solid growth in 2007 – positive outlook for 2008.

Wädenswil, March 11, 2008

Solid growth in 2007 – positive outlook for 2008

  • Increase in sales by 17% to CHF 620 million.
  • Increase of operating income by 36% to CHF 48 million.
  • Increase of net income by 82% to CHF 43 million.
  • Proposal of dividends of CHF 0.10 per share to the General Meeting of Shareholders

Wädenswil, 11 March 2008 – Von Roll Holding AG, one of the industrial companies in Switzerland with the longest traditions, has further expanded its position as the global market leader in insulation products, systems and services through renewed growth.

Group sales rose by 17% to CHF 620 million. Order intake increased from the previous year by 19% to CHF 681 million. Also the operating income rose by 36% from the previous year to CHF 48 million. The net income after tax amounted to CHF 43 million. This is equivalent to a growth of 82% compared to the same period of the previous year. The Board of Directors of Von Roll Holding AG proposes the distribution of a dividend of CHF 0.10 per share for the business year 2007 to the General Meeting of Shareholders.

The Electrical segment in particular has made a significant contribution to this year’s business success of Von Roll. Compared to the previous year, sales in the segment rose by 18% to CHF 479 million and the operating income increased by 36% to CHF 41 million. The Industrial segment also showed a positive development: sales grew by 11% to CHF 142 million, the operating income rose by 48% to CHF 10 million.

Sustained and profitable growth through a dual strategy

Completed in August 2007, the change in management represents a new direction for strategic alignment and sustainable, profitable growth. “Von Roll will create a business portfolio geared toward growth and profitability that will be successfully deployed as part of a dual strategy for the future” says Limberger, Chairman of the Board of Directors and CEO of Von Roll. Its core business will be expanded further and its acquisition strategy will be continued:

  • Von Roll will continue to strengthen its core business in the future both internally and through acquisitions.
  • Within the scope of its acquisition strategy, Von Roll will invest in key technologies that will play an increasingly important role as global trends develop.

CHF 323 million generated from the capital increase successfully completed in November 2007 and various external financing options are available for implementation of the dual strategy.

The takeover of Shenzhen Mica in January 2008 is a key milestone in the implementation of Von Roll’s growth strategy. “The purchase of the company has made us once again number 1 on the global market for mica-based and insulation products, and enabled us to further strengthen our technological leadership in insulation materials. Our commitment has also secured long-term access to the dynamically growing Chinese market and key raw material sources”, says Limberger. Von Roll was also able to strengthen its position on the American and European markets with the acquisition of the resin and varnish manufacturer John C. Dolph Company in July 2007.

In parallel to its continued growth, Von Roll is pursuing an in-house strategy to improve operating efficiency. In this connection, production will be realigned with clear profitability targets for each individual site. Three cost-optimized production centers in Asia, Europe and America will enable Von Roll to focus its activities even more clearly on its customers. Efficient organizational and sales structures have been created for this purpose. In addition, permanent optimization of processes, costs and quality contribute to the positive result.

Positive outlook for 2008

A look at the development of the energy markets shows that growth will continue in the years to come. Accordingly, demand for electrical and thermal insulation materials and composites for various industrial applications will increase significantly. Von Roll therefore expects above-average, two-digit growth in sales and earnings for 2008.

About Von Roll Holding AG:
As one of the industrial companies in Switzerland with the longest traditions, Von Roll Holding AG focuses on products for power production. Von Roll is the global market leader in insulation products, systems and services. Von Roll is represented in 18 countries at 32 sites with around 3,000 employees.


This media release is based on information currently available. Unforeseeable risks and influences may lead to discrepancies with statements portrayed here. Rounding differences may result in apparent discrepancies in the published figures. The 2007 Annual Report of Von Roll Holding AG is available for download at www.vonroll.com. A printed version can be obtained from the following address: Corporate Investor Relations, Steinacherstrasse 101, 8804 Au ZH, Switzerland.


Contact
Luitpold Wüsthof
Corporate Investor Relations
T: +41 44 204 30 50
F: +41 44 204 30 08
investor@vonroll.com
Von Roll Holding AG
Steinacherstrasse 101
CH-8804 Au / Wädenswil
Switzerland
Links
Solid growth in 2007 – positive outlook for 2008
Annual Report 2007

© 2008 Von Roll Holding AG