Von Roll Holding AG

EQS-Adhoc: Planned changes at Von Roll Holding AG


EQS Group-Ad-hoc: Von Roll Holding AG / Key word(s): Restructure of Company
Planned changes at Von Roll Holding AG

05.07.2016 / 07:30
Release of an ad hoc announcement pursuant to Art. 53 KR.


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Planned changes at Von Roll Holding AG

Au / Wädenswil, July 5, 2016 - The activities of Von Roll Holding AG are focused
on its core business of electrical insulation and attractive markets of the
future such as electromobility. It has modernized its factories worldwide over
the past few years.

Von Roll is continuing to follow this path rigorously. In addition to further
investments of around CHF 30 million during the 2016 financial year, the company
also plans to implement extensive measures to reduce its underlying fixed costs
and increase its overall efficiency.

Essentially, Von Roll intends to

- Simplify its global management structure

- Transfer further production units

- Optimize its product portfolio

- Reduce administrative functional areas

- Streamline production processes

These measures would reduce annual fixed costs by more than CHF 18 million.

At the same time, there are plans to reduce headcount by up to 160 jobs,
including around 50 in Switzerland. Consequently, the sites that are affected
have introduced a consultation procedure or will due so in due course.

The restructuring costs are estimated to amount to some CHF 8 million.
Implementing the planned reduction in numbers will enable some CHF 4 million to
be saved during the 2016 financial year itself.

About Von Roll Holding AG: As a Swiss industrial company, Von Roll Holding AG
focuses on products and systems for power generation, transmission and
industrial applications. Von Roll is a global market leader for electrical
insulation products, systems and services and has a worldwide presence in around
30 sites with about 2,000 employees.

Contact:
Claudia Güntert, Corporate Communications
T: +41 44 204 3529, F: +41 44 204 3007, E: press@vonroll.com

This press release is based on information currently available. Unforeseeable
risks and influences may lead to discrepancies with the statements portrayed
here. Furthermore, rounding differences may lead to discrepancies in the
reported figures. For more detailed information on the company and business
development, please see the Annual and Semi-annual Report of Von Roll Holding
AG.
They are available in digital form athttp://www.vonrollgroup.com/.

 

End of ad hoc announcement

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05.07.2016 News transmitted by Tensid EQS AG. www.eqs.com

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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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