Willkommen bei Von Roll

Au / Wädenswil, November 3, 2009

Thomas Limberger, CEO and President of the Board of Directors of Von Roll Holding AG, is optimistic: “We are tackling the difficult current economic climate by successfully implementing our restructuring program. As a result, we have tightened our sales structures and focused them even more closely on the needs of our customers. This has had a direct impact on new orders, which have increased slightly since the previous quarter."

Due to ongoing negative market conditions, resulting from the continuing short-term nature of demand in industrial markets as well as falling prices for items with short product cycles, group turnover fell as expected by 20 % to CHF 419 million when compared to the same period last year. Adjusted for currency effects and the decline in copper prices, turnover fell 7 % to CHF 490 million. New orders for the Group fell 34 % to CHF 355 million. At the end of the third quarter, the equity ratio was 70 %.

Turnover in the Insulation segment fell 31 % to CHF 275 million, while new orders in the same segment were down by 47 % to CHF 221 million.
The Composites segment saw a decline in turnover of 40 % to CHF 77 million and new orders were down by 43 % to CHF 73 million.
In contrast, Von Roll Elco Transformers continues to experience positive growth. Turnover in this segment rose 37 % to CHF 67 million and new orders rose 11 % to CHF 61 million.

Thomas Limberger: “Our results in the third quarter show that Von Roll can hold its own as global market leader even in this difficult economic environment. I am confident that Von Roll will not only survive the current crisis but also emerge stronger as a result."

The ongoing uncertainty with regard to economic recovery rules out any reliable forecasts as regards Von Roll’s business performance for the remainder of 2009. Increasing investment in energy generation infrastructure, renewables and more efficient technologies, particularly in the developing world confirm a positive outlook in the medium term.

About Von Roll Holding AG:
As one of Switzerland’s longest established industrial companies, Von Roll focuses on products and systems for power generation, transmission and distribution. Von Roll is the global market leader in insulation products, systems and services and is represented in 19 countries with around 3100 employees at 30 sites.

* Von Roll Elco Transformers on pro forma basis for the period January to September 2008

Contact:
Sven Ohligs, Head of Communications,
Tel.: +41 44 204 3031, Fax: +41 44 204 3039, E-mail: press@vonroll.com

Luitpold Wüsthof, Head of Investor Relations
T: +41 (44) 204 3050, F +41 44 204 3008, E: investor@vonroll.com

This press release is based on information currently available. Unforeseeable risks and influences may lead to discrepancies with statements portrayed here. Furthermore, rounding differences may lead to discrepancies in the reported figures. The release and the consolidated financial statements are originally prepared in German and then translated into English. In the event of any discrepancy, the German version prevails.

• Back to overview