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Von Roll Holding AG: Annual result for 2016 Donnerstag, 16. März 2017 - 07:01
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 at
Key figures
in CHF 1,000 2016 2015 Change
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
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