M
M

Von Roll Hol­ding AG: Annu­al result for 2016

Au/Wädenswil, March 16, 2017 — Von Roll Hol­ding AG today publis­hed its results for the finan­cial year 2016. Thanks to opti­mi­sa­ti­on mea­su­res and the con­so­li­da­ti­on and moder­ni­sa­ti­on of pro­duc­tion faci­li­ties, Von Roll impro­ved its ope­ra­ting per­for­mance in 2016 and incre­a­sed its gross mar­gin by 3.3 per­cen­ta­ge points year on year, as well as redu­cing its ope­ra­ting loss. Adjus­ted for rest­ruc­tu­ring cos­ts and impairments, the EBIT for the past finan­cial year was CHF ‑6.2 mil­li­on, as against CHF ‑17.2 mil­li­on in 2015.

In respon­se to decli­ning sales of CHF 328.1 mil­li­on in 2016, the efforts to repo­si­ti­on the Von Roll Group were signi­fi­cant­ly boos­ted and acce­le­ra­ted in the second half of the last finan­cial year. The­se mea­su­res inclu­de opti­mi­sing our pro­duct port­fo­lio, redu­cing our per­son­nel and admi­nis­tra­ti­on cos­ts and stream­li­ning our orga­ni­sa­ti­on. We are also focu­sing on opti­mi­sing purcha­sing con­di­ti­ons and reor­ga­ni­sing our glo­bal sales struc­tu­re. The rest­ruc­tu­ring cos­ts and impairments of CHF 13.9 mil­li­on incur­red for the rea­sons men­tio­ned abo­ve led to an over­all EBIT of CHF ‑20.1 million.

The rest­ruc­tu­ring mea­su­res will pro­du­ce savings of more than CHF 18 mil­li­on in our total under­ly­ing cos­ts in the finan­cial year 2017. We are also expec­ting fur­ther posi­ti­ve con­tri­bu­ti­ons to our result from the pro­gram­mes laun­ched in 2017 to incre­a­se effi­ci­en­cy in our sales and production.

Von Roll pos­ted a posi­ti­ve net result in the first two mon­ths of the new finan­cial year. Based on our solid order inta­ke, we are also con­fi­dent about the rest of the year. Von Roll insu­la­ti­on sys­tems for the con­struc­tion of high-vol­ta­ge motors and gene­ra­tors remain one of the lea­ding and most popu­lar sys­tem solu­ti­ons on the mar­ket. Our glo­bal pre­sence and pro­xi­mi­ty to our cus­to­mers enab­le us to offer tailor-made, cus­to­mi­sed solu­ti­ons, for which we con­ti­nue to see gre­at mar­ket potential.

For fur­ther details, plea­se refer to the Annu­al Report 2016, which can be view­ed online at http://www.vonrollgroup.com/en/media–investor-relations/reports-and-publications/finance-reports/.

 

Key figu­res

in CHF 1,000

2016

2015

Chan­ge

Order inta­ke

335,729

356,603

-5.9%

Net sales

328,110

354,806

-7.5%

   the­re­of Insulation

220,915

234,268

-5.7%

   the­re­of Composites

98,231

112,006

-12.3%

   the­re­of other activities

8,964

8,532

+5.1%

EBIT

-20,063

-23,035

+12.9%

Net inco­me for the period

-30,290

-34,875

+13.1%

Cash flow from ope­ra­ting activities

-10,453

-14,359

+27.2%

Equi­ty ratio

27%

18%

+9 ppt.

Num­ber of employees (FTE)

1,703

2,002

-14.9%

 

About Von Roll Hol­ding AG: As a Swiss indus­tri­al com­pa­ny, Von Roll Hol­ding AG focu­ses on pro­ducts and sys­tems for power genera­ti­on, trans­mis­si­on and dis­tri­bu­ti­on. Von Roll is a glo­bal mar­ket lea­der for electri­cal insu­la­ti­on pro­ducts, sys­tems and ser­vices and has a world­wi­de pre­sence in 29 sites with around 1,700 employees.

 

Con­ta­ct

Clau­dia Güntert
Head of Cor­po­ra­te Communications
& Inves­tor Relations
T +41 61 785 52 36
F +41 61 785 58 92
E press@vonroll.com

 

This press release is based on infor­ma­ti­on cur­r­ent­ly avail­ab­le. Unfo­re­see­ab­le risks and influ­en­ces may lead to dis­crepan­ci­es with the state­ments made here. For more infor­ma­ti­on on the com­pa­ny and its busi­ness per­for­mance, plea­se refer to the Annu­al and Semi-Annu­al Report of Von Roll Hol­ding AG which is avail­ab­le in digi­tal form at https://www.vonroll.com/en/.