EQS-Adhoc: Von Roll Holding AG: Von Roll achieves operational turnaround in financial year 2017
Von Roll achieves operational turnaround in financial year 2017- EBIT of CHF 4.5 million (previous year: CHF?-17.3 million) - Cash flow from operating activities of CHF 5.3 million (previous year: CHF?-10.5 million)- Organic growth in sales (+4.1?%) and order intake (+2.8?%)- Equity ratio improves to 28?%
Breitenbach, 13 March 2018 - In the financial year 2017, Von Roll successfully managed to turn its operations around after several years of losses, achieving a positive EBIT of CHF 4.5 million (previous year: CHF -17.3 million). Overall, Group sales increased by 4.1?% to CHF 332.4 million. Order intake also climbed by 2.8?% year-on-year to CHF 336.1 million.
At CHF 5.3 million, cash flow from operating activities also improved significantly compared with CHF -10.5 million in the previous year. The equity ratio increased slightly to 28.2% (previous year: 26.2%).
The net result for the financial year 2017 of CHF -4.8 million represents a considerable improvement year-on-year of CHF 25.5 million (previous year: CHF?-30.3 million). The main reason for the negative net result was non-recurring special charges in connection with the water business (Von Roll BHU Umwelttechnik GmbH), which had already partially been sold as of 8 February 2018.
For further details, please refer to the Annual Report 2017, which can be viewed online at https://www.vonrollgroup.com/en/media investor-relations/reports-and-publications/finance-reports/.
Key figures in CHF 1,000 2017 2016 Change Order intake 336,141 326,869 +2.8% Net sales 332,357 319,192 +4.1% thereof Insulation 228,664 220,915 +3.5% thereof Composites 103,514 98,231 +5.4% thereof Other activities 179 46 +289.1% EBIT 4,475 -17,329 +125.8% Net income for the period -4,771 -30,290 +84.2% Cash flow from operating activities 5,307 -10,453 +150.8% Equity ratio 28% 26% +2 ppt. Number of employees (FTE) 1,536 1,703 -9.8%
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 20 sites with 1,536 employees.Contact: Claudia Guentert, Corporate Communications T: +41 61 785 5236, F: +41 61 785 5892, E: email@example.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 at www.vonrollgroup.com.
End of ad hoc announcement Language: English Company: Von Roll Holding AG Passwangstrasse 20 4226 Breitenbach
Switzerland Phone: 0041 (0)61 785 52 36 E-mail: firstname.lastname@example.org Internet: www.vonrollgroup.com ISIN: CH0003245351 Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Munich, Stuttgart; SIX Swiss Exchange End of Announcement EQS Group News Service
663141 13-March-2018 CET/CEST