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Von Roll impro­ves pro­fi­ta­bi­li­ty in the first half of 2018

Brei­ten­bach, August 21, 2018 — In the first half of 2018, the Von Roll Group achie­ved a posi­ti­ve ope­ra­ting result of CHF 8.8 mil­li­on (pre­vious year: CHF 7.5 mil­li­on), recon­fir­ming the suc­cess­ful rea­lign­ment of the Group.

The posi­ti­ve key finan­cial figu­res for the first half of 2018 result from the strict focus of the Von Roll Group on pro­fi­ta­ble busi­ness seg­ments com­bi­ned with incre­a­sed pro­duc­ti­vi­ty. The EBIT mar­gin incre­a­sed to 5.2% (pre­vious year: 4.3%) and the gross mar­gin to 21.3% (pre­vious year: 20.3%). Cash flow from ope­ra­ting acti­vi­ties also deve­lo­ped posi­tively, tota­ling CHF 6.9 mil­li­on, which is signi­fi­cant­ly abo­ve the pre­vious year’s level.

The slight­ly lower sales reve­nue of CHF 169.8 mil­li­on com­pa­red to the pre­vious year as well as the 3% drop in order inta­ke result from the dive­st­ment of two pro­duc­tion plants in the USA (Aus­tral) and Chi­na (Mica Luhe). After adjus­ting the sales in 2017 and 2018 for the­se dive­st­ments, sales incre­a­sed by CHF 4.1 mil­li­on or 2.6% com­pa­red to the pre­vious year.

The fit­ness pro­gram, which has been suc­cess­ful­ly imple­men­ted sin­ce the begin­ning of 2017, shows signi­fi­cant effect and will con­ti­nue to con­tri­bu­te to a per­ma­nent incre­a­se in ope­ra­ting ear­nings in the com­ing mon­ths. At the same time, new pro­ducts and busi­ness seg­ments such as e‑mobility and aero­space offer oppor­tu­nities for future growth.

 

Key figu­res

in CHF 1,000 1H 2018 1H 2017
(resta­ted)
Chan­ge
Order inta­ke       180,810       186,375 -3.0%
Net sales           169,767            173,868 -2.4%
   the­re­of Insulation      119,440            120,799 -1.1%
   the­re­of Composites       50,361              53,227 -5.4%
   the­re­of other activities              ‑34              ‑158 78.5%
EBIT        8,829                7,531 17.2%
Net inco­me for the period              954              402 137.3%
Cash flow from ope­ra­ting activities              6,861              150 4474,0%
Equi­ty ratio (%) 28.7% 27.0% 1.7 ppt
Num­ber of employees (FTE)                1,437                1,601 -10.2%

 

Fur­ther infor­ma­ti­on can be found in the Semi-Annu­al Report 2018, which is avail­ab­le in digi­tal form at http://www.vonrollgroup.com/en/.

 

About Von Roll Hol­ding AG: As a Swiss indus­tri­al com­pa­ny, Von Roll Hol­ding AG focu­ses on pro­ducts and sys­tems for power genera­ti­on, trans­mis­si­on, sto­rage and dis­tri­bu­ti­on. Von Roll is a glo­bal mar­ket lea­der for electri­cal insu­la­ti­on pro­ducts, sys­tems and ser­vices and has a world­wi­de pre­sence in 14 pro­duc­tion sites with 1,450 employees. The com­pa­ny sup­plies cus­to­mers in over 80 countries.

 

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/.