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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.

 

Key figu­res  
in CHF 1,000 2020 2019
Order inta­ke 196,998 296,944
Net sales 212,237 291,581
   the­re­of Insulation 156,129 212,683
   the­re­of Composites 56,108 78,898
EBIT­DA -4,920 21,540
Ope­ra­ting result befo­re deconsolidation -5,283 9,795
Ope­ra­ting result (EBIT) -16,565 9,795
Ear­nings after taxes (EAT) -24,215 3,261
Cash flow from ope­ra­ting activities 6,831 12,625
Equi­ty ratio (%) 74.5% 71.9%
Num­ber of employees (FTE) 973 1,203


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/.