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Von Roll returns to pro­fi­ta­bi­li­ty des­pi­te dif­fi­cult markets

Brei­ten­bach, March 11, 2020 — In the finan­cial year 2019, des­pi­te a dif­fi­cult mar­ket envi­ron­ment, the Von Roll Group was able to bene­fit from all opti­miz­a­ti­on acti­vi­ties imple­men­ted in recent years and, for the first time in eight years, achie­ved a posi­ti­ve Group result after tax of CHF 3.3 million.

The ope­ra­ting result (EBIT) incre­a­sed signi­fi­cant­ly from year to year to CHF 9.8 mil­li­on (2018: CHF 2.5 mil­li­on). Ear­nings befo­re inte­rest, taxes, depre­cia­ti­on and amor­tiz­a­ti­on (EBIT­DA) amoun­ted to CHF 21.5 mil­li­on (2018: CHF 24.9 million).

Net sales decli­ned to CHF 291.6 mil­li­on in the 2019 finan­cial year (2018: CHF 322.2 mil­li­on). Adjus­ted for cur­ren­cy effects and for sales from loss-making busi­ness units sold in 2018, the sales drop­ped by 6.5%.

The posi­ti­ve Group result, tog­e­ther with the balan­ce sheet con­trac­tion resul­ting from the chan­ge to Swiss GAAP FER, led to an incre­a­sed equi­ty ratio of 71.9% (2018: 63.9%).

Due to the rapidly expan­ding coro­na virus cri­sis in con­nec­tion with the glo­bal eco­no­mic down­turn, we expect noti­ce­ab­le nega­ti­ve effects on sales and ear­nings in the cur­rent finan­cial year.

 

Key figu­res    
in CHF 1,000

2019

2018

Chan­ge

Order inta­ke

296,944

335,890

–11.6%

Net sales

291,581

322,187

       –9.5%

   the­re­of Insulation

212,683

230,220

                     –7.6%

   the­re­of Composites

78,898

91,967

–14.2%

EBIT­DA

21,540

24,918

–13.6%

EBIT

9,795

2,517

+289.2%

Net inco­me for the period

3,261

–6,801

+147.9%

Cash flow from ope­ra­ting activities

12,625

18,573

–32.0%

Equi­ty ratio

71.9%

63.9%

+8 ppt.

Num­ber of employees (FTE)

1,203

1,264

–4.8%

 

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 around 1,250 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/.