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Von Roll suc­cess­ful­ly con­ti­nues reco­very trend in 2018

Brei­ten­bach, March 13, 2019 — In the finan­cial year 2018, Von Roll suc­cess­ful­ly con­ti­nued its reco­very trend and signi­fi­cant­ly impro­ved key per­for­mance indicators.

Cash flow from ope­ra­ting acti­vi­ties incre­a­sed signi­fi­cant­ly to CHF 21.2 mil­li­on (2017: CHF 5.3 mil­li­on). Ear­nings befo­re inte­rest, taxes, depre­cia­ti­on and amor­tiz­a­ti­on (EBIT­DA) also impro­ved to CHF 25.1 mil­li­on, up 23.0 % on the pre­vious year.

As a result of the dive­st­ment of loss-making busi­ness acti­vi­ties and the asso­cia­ted one-off spe­cial char­ges, group sales were down year-on-year by –3.3 % to CHF 321.4 mil­li­on. Nevertheless, the ope­ra­ting result of CHF 4.4 mil­li­on was main­tai­ned at the pre­vious year’s level.

Fol­lowing the almost com­ple­te con­ver­si­on of the bonds, the equi­ty ratio is now around 66.5% (pre­vious year: 28.2%).

The net result amoun­ted to CHF –10.7 mil­li­on and was signi­fi­cant­ly impac­ted by non-recur­ring expen­ses of CHF –9.7 mil­li­on and inte­rest expen­ses of CHF –4.5 mil­li­on for the con­ver­ti­ble bonds, which will be almost com­ple­te­ly eli­mi­na­ted from 2019 as a result of the con­ver­si­on that took place.

 

Key figu­res    
in CHF 1,000 2018 2017 Chan­ge
Order inta­ke 335,890 336,141 –0.1%
Net sales 321,387 332,357 –3.3%
   the­re­of Insulation 229,648 228,787 +0.4%
   the­re­of Composites 91,739 103,570 –11.4%
EBIT­DA 25,117 20,415 +23.0%
EBIT 4,358 4,475 –2.6%
Net inco­me for the period –10,712 –4,771 –124.5%
Cash flow from ope­ra­ting activities 21,231 5,307 +300.1%
Equi­ty ratio 66.5% 28.2% +38.3 ppt
Num­ber of employees (FTE) 1,264 1,536 –17.7%

 

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 round 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/.