DGAP-Adhoc: Von Roll Holding AG: Developments in the first half of 2013
21.08.2013 – 07:05
Von Roll Holding AG / Key word(s): Half Year Results/Half Year Results 21.08.2013 07:00 Release of an ad hoc announcement pursuant to Art. 53 KR --------------------------------------------------------------------------- » Sales CHF 245,9 million » Order intake CHF 228,6 million » EBIT CHF 2,1 million Au/Wädenswil, 21 August 2013 - Net income fell short of expectations in the first half of 2013. Order intake amounted to CHF 228,6 million (previous year: CHF 276,7 million) and sales totalled CHF 245,9 million (previous year: CHF 268,1 million). At CHF 2,1 million (previous year: CHF 5,5 million), EBIT was adversely affected, largely as a result of persistent economic difficulties in the power generation sector in the first half of 2013. Net income amounted to CHF -3,9 million compared with CHF 0,4 million in the previous year and cash flow from operating activities came to CHF -2,8 million against CHF -12,7 million. The uncertain economic backdrop in the power generation sector and the low level of investments in the high voltage sector are having an impact on the Von Roll Insulation segment. As a result, order intake came to CHF 142,2 million (previous year: CHF 160,0 million), with sales totalling CHF 142,2 million (previous year: CHF 165,5 million). With respect to Von Roll Composites, the market for the high voltage industry is not quite as stable as that for industrial applications. At CHF 70,4 million, order intake is slightly down on last year's figure of CHF 74,3 million, while sales totalled CHF 67,9 million against CHF 72,1 million a year earlier. Order intake at the segments covered by the Von Roll Technologies business line came to CHF 16,0 million (previous year: CHF 42,4 million), while sales were up 17,7% from CHF 30,5 million to CHF 35,9 million. The strategic initiatives introduced are highly encouraging. Von Roll has been able to increase its market share in North America and achieve gratifying results. This development has essentially been driven by growth focused on the Insulation and Composites core activities. It is underpinned by a customer-centred and market-driven organisation, lean, clear and transparent processes and responsibilities as well as a corporate culture centred on motivation and inspiration. A press conference in German has been arranged for journalists and analysts on 21 August at 10:00 a.m. CET in the ConventionPoint conference centre of the SIX Swiss Exchange, Selnaustrasse 30, 8021 Zürich to present the 2013 interim results. You can obtain more information in the 2013 semi-annual report at http://www.vonroll.com/en/financial-reports.html 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 insulation products, systems and services and has a presence in 19 countries with about 2,800 employees at over 30 sites. --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: This media release is based on information currently available. Unforeseeable risks and influences may lead to discrepancies in the statements made here. Furthermore, rounding differences may lead to discrepancies in the reported figures. For more information please refer to the Von Roll Holding AG semi-annual report at www.vonroll.com. +++++ Additional features: Document: http://n.equitystory.com/c/fncls.ssp?u=LNNATAJLNI Document title: Von Roll_Developments in the first half 2013 key figures 21.08.2013 News transmitted by EQS Schweiz AG. The issuer is responsible for the contents of the release. EquityStory publishes regulatory releases, media releases on the capital market and press releases. The EquityStory Group distributes authentic and real-time financial news for over 1'300 listed companies. The Swiss news archive can be found at www.equitystory.ch/news --------------------------------------------------------------------------- Language: English Company: Von Roll Holding AG Steinacherstr. 101 8804 Au Switzerland Phone: +41 44 204 3500 Fax: +41 44 204 3000 E-mail: reception@vonroll.com Internet: www.vonroll.com ISIN: CH0003245351 Valor: Listed: Freiverkehr in Berlin, Düsseldorf, München, Stuttgart; Frankfurt in Open Market ; SIX End of Announcement EQS Group News-Service ---------------------------------------------------------------------------