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.

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/.