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

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/.