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

Brei­ten­bach, March 18, 2021 — 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.

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.

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/.