Von Roll achieves operational turnaround in financial year 2017
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 | 2017 | 2016 | Veränderung |
|---|---|---|---|
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 Güntert
Head of Corporate Communications
& Investor Relations
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. 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 at https://www.vonroll.com/en/.