Von Roll Holding AG

EQS-Adhoc: Von Roll reports positive result for the first half of 2017


EQS Group-Ad-hoc: Von Roll Holding AG / Key word(s): Half Year Results
Von Roll reports positive result for the first half of 2017

17-Aug-2017 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
--------------------------------------------------------------------------------
Von Roll reports positive result for the first half of 2017

-EBIT of CHF 7.3 million (EBIT margin: 4.1%)

- Increase in order intake (+8.1%) and sales (+1.5%)

- Gross margin rises by 2.9 percentage points to 20.4%

- Net result of CHF 0.4 million (previous year: CHF-11.1 million)

Breitenbach, 17 August 2017 - For the first half of 2017, the Von Roll Group is
reporting a positive EBIT of CHF 7.3 million (previous year: CHF -5.4 million),
thus continuing the encouraging trend of the first quarter.

The ongoing activities of the Swiss global market leader for electrical
insulation made pleasing progress in the first six months of the financial year.
Order intake increased by 8.1% up to CHF 186.4 million year on year, while total
sales rose by 1.5% to CHF 176.8 million.

The main key financial ratios such as the net result, at CHF 0.4 million
(previous year: CHF -11.1 million), and the operating cash flow, at CHF 0.2
million (previous year: CHF -2.6 million), also show a clear improvement.

The positive business trend is based on a stable market environment and the
programmes to increase efficiency in sales and production launched in the last
financial year, which resulted in a gross margin increase of 2.9 percentage
points to 20.4% (previous year: 17.5%).

To reach our mid-term profit target - a sustainable EBIT margin of over 8% - the
Von Roll Group will continue to rigorously follow the path it has chosen and
examine and implement any further structural changes that might become
necessary.

Key figures

                                                        

in CHF 1,000                        1H 2017 1H 2016    Change
                                            (restated)

Order intake                        186,375 172,385    8.1%

Net sales                           176,752 174,098    1.5%

Thereof Insulation                  120,799 118,979    1.5%

Thereof Composites                  53,227  51,309     3.7%

Thereof other activities            2,726   3,810      -28.5%

EBIT                                7,311   -5,384     235.8%

Net income for the period           402     -11,134    103.6%

Cash flow from operating activities 150     -12,583    101.2%

Equity ratio (%)                    27%     13%        14.0 ppt

Number of employees (FTE)           1,601   1,856      -13.7%
 
Further information can be found in the Semi-Annual Report 2017. This is
available in digital form athttp://www.vonrollgroup.com/en/.

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 26 sites with
around 1,600 employees.


Contact:
Claudia Güntert, Corporate Communications
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.
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 athttp://www.vonrollgroup.com/en/.
 

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

Language: English

Company:  Von Roll Holding AG

          Passwangstrasse 20

          4226 Breitenbach

          Switzerland

Phone:    617855111

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

--------------------------------------------------------------------------------

602055  17-Aug-2017 CET/CEST
 



Weitere Meldungen: Von Roll Holding AG

Das könnte Sie auch interessieren: