2020

11.03.2020 – Von Roll Holding AG

Von Roll Holding AG: Von Roll returns to profitability despite difficult markets

Von Roll Holding AG / Key word(s): Annual Results
Von Roll Holding AG: Von Roll returns to profitability despite difficult
markets

11-March-2020 / 07:00 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 returns to profitability despite difficult markets

- EBIT of CHF 9.8 million (EBIT margin 3.4%)

- Positive group result after tax of CHF 3.3 million

- Increase in equity ratio to 71.9% (previous year: 63.9%)

Breitenbach, March 11, 2020 - In the financial year 2019, despite a
difficult market environment, the Von Roll Group was able to benefit from
all optimization activities implemented in recent years and, for the first
time in eight years, achieved a positive Group result after tax of CHF 3.3
million.

The operating result (EBIT) increased significantly from year-over-year to
CHF 9.8 million (2018: CHF 2.5 million). Earnings before interest, taxes,
depreciation and amortization (EBITDA) amounted to CHF 21.5 million (2018:
CHF 24.9 million).

Net sales declined to CHF 291.6 million in the 2019 financial year (2018:
CHF 322.2 million). Adjusted for currency effects and for sales from
loss-making business units sold in 2018, the sales dropped by 6.5%.

The positive Group result, together with the balance sheet contraction
resulting from the change to Swiss GAAP FER, led to an increased equity
ratio of 71.9% (2018: 63.9%).

Due to the rapidly expanding corona virus crisis in connection with the
global economic downturn, we expect noticeable negative effects on sales and
earnings in the current financial year.

    Key figures
    in CHF 1,000                            2019     2018   Change
    Order intake                         296,944  335,890   -11.6%
    Net sales                            291,581  322,187  -9.5%
    Thereof Insulation                   212,683  230,220  -7.6%
    Thereof Composites                    78,898   91,967   -14.2%
    EBITDA                                21,540   24,918   -13.6%
    EBIT                                   9,795    2,517  +289.2%
    Net income for the period              3,261   -6,801  +147.9%
    Cash flow from operating activities   12,625   18,573   -32.0%
    Equity ratio                           71.9%    63.9%  +8 ppt.
    Number of employees (FTE)              1,203    1,264    -4.8%

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

Contact:
Claudia Güntert, Corporate Communications
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.vonrollgroup.com/en/.


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