Von Roll used the past fiscal year affected by Covid-19 to make major structural adjustments

Von Roll Group’s business was negatively impacted by external influences in 2020. Difficult circumstances experienced by our customers due to the ongoing COVID-19 pandemic led to a significant drop in demand in almost all product segments and regions.

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Ad-Hoc Announcement

Geschaeftsbericht 2020 Titelbild quadratisch

The Von Roll Group used the significant slowdown of the global economy to make further structural adjustments mainly affecting its operations in Europe. Particularly to be noted is the discontinuation of two manufacturing plants in France, which in the financial year 2019 still contributed around CHF 50 million to net sales, but had been highly loss-making for years.

As a result, net sales decreased to CHF 212.2 million (2019: CHF 291.6 million). The operating result (EBIT) was mainly affected by negative effects from the above mentioned structural adjustments amounting to CHF ‑16.6 million (2019: CHF 9.8 million). Earnings after taxes (EAT) declined to the same extent to CHF ‑24.2 million (2019: CHF 3.3 million). Cash flow from operating activities amounted to CHF 6.8 million (2019: CHF 12.6 million).

In the first months of the financial year 2021, the Von Roll Group recorded a strong order intake while at the same time benefiting from the recently implemented cost improvements. The Group expects noticeable sales growth and a significantly positive operating result for the current financial year 2021.

Key figures

Key figures
in CHF 1,000

2020

2019

Order intake

196 998

296 944

Net sales

212 237

291 581

thereof Insulation

156 129

212 683

thereof Composites

56 108

78 898

EBITDA

-4 920

21 540

Operating result before deconsolidation

-5 283

9 795

Operating result (EBIT)

-16 565

9 795

Earnings after taxes (EAT)

-24 215

3 261

Cash flow from operating activities

6 831

12 625

Equity ratio (%)

74,5%

71,9%

Number of employees (FTE)

973

1 203

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 sites with around 1,000 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/.