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/.