Von Roll Holding AG

EQS-Adhoc: Von Roll Holding AG: First half-year results 2015

EQS Group-Ad-hoc: Von Roll Holding AG / Key word(s): Half Year Results
Von Roll Holding AG: First half-year results 2015

25.08.2015 / 07:00
Release of an ad hoc announcement pursuant to Art. 53 KR.
The issuer is solely responsible for the content of this announcement.

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Von Roll Holding AG: First half-year results 2015

  - Sales: CHF 189.1 million

  - Order intake: CHF 191.0 million

  - EBIT: CHF -6.6 million

Au/Wädenswil, 25 August 2015 - In the first half of 2015, sales by the Von
Roll Group declined by 12.5% compared with the same period in the previous
year, to CHF 189.1 million. EBIT decreased to CHF -6.6 million.

The first half of 2015 was dominated by currency effects and weak markets
for conventional power generation. Declining order intake levels and sales,
particularly in the first quarter, pushed operating EBIT down. The EMEA
region was affected the most. The main cause of the decline in China was
the slowdown in the country's economy. Sales performance in America was
stable.

The result achieved in the first half of 2015 shows how dependent Von Roll
is on economic trends in the high-voltage electricity segment for
generators and motors. Based on its core areas of expertise, Von Roll is
now focusing strategically on becoming a market- and customer-oriented
company, concentrating on growth markets. This transformation marks a
genuine paradigm shift from the company's previous emphasis on products and
production.

As well as being geared towards growth segments, the transformation also
entails making adjustments to capacity levels. A further element of the
concept is the pooling of core areas of competence site by site. Areas with
strong demand will be consolidated in the new centres of excellence, with
the associated research and development work being stepped up. All plants
are being equipped with new or modified machinery to significantly ramp up
their productivity.

What can be expected in the second half of 2015? Current order intake
levels point towards a small recovery. A modest increase in orders is
anticipated in both China and the EMEA region, while India and the Americas
are currently experiencing a sideways trend. New products should provide
some extra momentum from as early as the fourth quarter and in the first
quarter of 2016. Electromobility, with its new and attractive market
segments, is generating some good news. The first orders received from
high-profile automotive manufacturers have been fulfilled, with volumes
expected to rise in step with the demand for electric vehicles.

Ongoing consolidation projects are progressing as planned and will boost
efficiency, optimising capacity utilisation and significantly reducing
fixed costs. The full benefit of this strategy will be reaped in 2016.

Further information can be found in the Semi-Annual Report 2015. This is
available in digital form at
http://www.vonroll.com/en/financial-reports.html.


Key figures



in CHF 1 000                            1H 2015           1H 2014    Change
                                                       (restated)
Order intake                            190,967           219,844    -13.1%
Net sales                               189,097           216,124    -12.5%
Thereof Insulation                      124,344           145,888    -14.8%
Thereof Composites                       58,173            62,741     -7.3%
Thereof other activities                  6,580             7,495    -12.2%
EBIT                                     -6,557             1,881      n.a.
Net income for the period               -15,939            -3,595  ->100.0%
Cash flow from operating                -16,822            -9,203    -82.8%
activities
Equity ratio                                22%               36%   -14 ppt
Number of employees (FTE)                 2,146             2,275     -5.6%




About Von Roll Holding AG:
As a Swiss industrial company Von Roll Holding AG focuses on products and
systems for power generation, transmission and distribution. Von Roll is a
global market leader for electrical insulation products, systems and
services and has a worldwide presence in more than 30 sites in 20 countries
with about 2,150 employees.


Contact:
Claudia Guentert, Corporate Communications
T: +41 44 204 35 29, F: +41 44 204 30 07, 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. Furthermore, rounding differences may lead to
discrepancies in the reported figures. 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
http://www.vonroll.com/en/financial-reports.html.


End of ad hoc announcement

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25.08.2015 News transmitted by EQS Schweiz AG. www.eqs.com - news
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The issuer is responsible for the contents of the release.

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Language:    English
Company:     Von Roll Holding AG
             Steinacherstr. 101
             8804 Au
             Switzerland
Phone:       +41 44 204 3500
Fax:         +41 44 204 3007
E-mail:   reception@vonroll.com
Internet: www.vonroll.com
ISIN:        CH0003245351
Listed:      Regulated Unofficial Market in Berlin, Dusseldorf, Munich,
             Stuttgart; Open Market in Frankfurt ; SIX


End of News    EQS Group News-Service
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389007 25.08.2015
 



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