2020

26.05.2020 – Von Roll Holding AG

Von Roll Holding AG: Von Roll spins-off two loss-making production sites in France

Von Roll Holding AG / Key word(s): Miscellaneous
Von Roll Holding AG: Von Roll spins-off two loss-making production sites in
France

26-May-2020 / 17:45 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.

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Von Roll spins-off two loss-making production sites in France

Breitenbach, May 26, 2020 - During the course of the Corona crisis, the Von
Roll Group has critically reviewed all global activities in order to focus
its human and financial resources within the Group even stronger on business
areas with a high future potential.

As a result of this assessment, the Board of Directors has decided to stop
providing any additional financial funds to the two production sites in
Delle, France (Delle Fil SAS, Von Roll Isola France SA). Accordingly, an
application has been filed today with the Commercial Court for opening
judicial reorganization proceedings (redressement judiciaire) for the two
companies mentioned above.

The Von Roll Group has been supporting its deficit-making sites in Delle for
more than 20 years with substantial human resources and financial funds to
cover losses. Over the last 3 years, the companies have generated an average
net loss of around CHF 4 million per year.

Most of the products manufactured at these sites are commodities with a
sales volume of around CHF 40 million. The two locations recently employed a
total of around 150 people.

This decision affects only our two plants in Delle and the very limited
portfolio of wire and composite products produced there. The two remaining
sites in Meyzieu and Valdoie in France as well as the remaining 10
production sites of the Von Roll Group worldwide are not affected in any
way.

With current cash funds of around CHF 60 million, the Von Roll Group is well
financed even in times of Corona and has enough room to grow the remaining
12 locations worldwide as well as new business opportunities.

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 14
production sites with around 1,200 employees. The company supplies customers
in over 80 countries.

Contact:
Claudia Güntert, Head of Corporate Communications & Investor Relations
T: +41 61 785 52 36, F: +41 61 785 58 92, E: investor@vonroll.com

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.vonrollgroup.com/en/.


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End of ad hoc announcement

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