Von Roll Holding AG

EQS-Adhoc: Von Roll Holding AG: Annual result for 2016


EQS Group-Ad-hoc: Von Roll Holding AG / Key word(s): Final Results
Von Roll Holding AG: Annual result for 2016

16-March-2017 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
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Von Roll: Annual result for 2016

-EBIT for 2016 of CHF -20.1 million

- Adjusted for restructuring costs and impairments, the operating loss fell to
CHF 6.2 million compared with CHF 17.2 million in the previous year

- The impact of the restructuring measures pushed up the gross margin by 3.3
percentage points in 2016

- Equity ratio rose to 27%

- Positive EBIT in the first two months of the new financial year
- combined with a healthy order intake

Au/Wädenswil, 16 March 2017 - Von Roll Holding AG today published its results
for the financial year 2016. Thanks to optimisation measures and the
consolidation and modernisation of production facilities, Von Roll improved its
operating performance in 2016 and increased its gross margin by 3.3 percentage
points year on year, as well as reducing its operating loss. Adjusted for
restructuring costs and impairments, the EBIT for the past financial year was
CHF -6.2 million, as against CHF -17.2 million in 2015.

In response to declining sales of CHF 328.1 million in 2016, the efforts to
reposition the Von Roll Group were significantly boosted and accelerated in the
second half of the last financial year. These measures include optimising our
product portfolio, reducing our personnel and administration costs and
streamlining our organisation. We are also focusing on optimising purchasing
conditions and reorganising our global sales structure. The restructuring costs
and impairments of CHF 13.9 million incurred for the reasons mentioned above led
to an overall EBIT of CHF -20.1 million.

The restructuring measures will produce savings of more than CHF 18 million in
our total underlying costs in the financial year 2017. We are also expecting
further positive contributions to our result from the programmes launched in
2017 to increase efficiency in our sales and production.

Von Roll posted a positive net result in the first two months of the new
financial year. Based on our solid order intake, we are also confident about the
rest of the year. Von Roll insulation systems for the construction of
high-voltage motors and generators remain one of the leading and most popular
system solutions on the market. Our global presence and proximity to our
customers enable us to offer tailor-made, customised solutions, for which we
continue to see great market potential.

For further details, please refer to the Annual Report 2016, which can be viewed
online athttp://www.vonrollgroup.com/en/media--investor-relations/reports-and-pu
blications/finance-reports/.

                                                     

Key figures

in CHF 1,000                        2016            Change
                                            2015

Order intake                        335,729 356,603 -5.9%

Net sales                           328,110 354,806 -7.5%

thereof Insulation                  220,915 234,268 -5.7%

thereof Composites                  98,231  112,006 -12.3%

thereof Other activities            8,964   8,532   +5.1%

EBIT                                -20,063 -23,035 +12.9%

Net income for the period           -30,290 -34,875 +13.1%

Cash flow from operating activities -10,453 -14,359 +27.2%

Equity ratio                        27%     18%     +9 ppt.

Number of employees (FTE)           1,703   2,002   -14.9%

                                                     

                                                     
 
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 29 sites with
around 1,700 employees.

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

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End of ad hoc announcement------------------------------------------------------

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 Swiss Exchange



 

End of Announcement EQS Group News Service

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554181  16-March-2017 CET/CEST
 



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