Ad-hoc disclosure: Profit at new record level
Sant'Antonino, Switzerland, January 20, 2020. Following a record performance in the previous year, the conveyor technology specialist Interroll maintained its good result in the 2019 financial year: Net sales of CHF 559.7 million (+0.0%, in local currencies +2.3%) were again achieved, while incoming orders fell as expected to CHF 546.5 million (-7.8% year on year, -5.7% in local currencies). Net profit is expected to increase by at least 5 %. The Group starts the new 2020 financial year with confidence.
Sales of CHF 559.7 million in consolidated currency were maintained at the previous year's level, while in local currency they rose by 2.3%. Interroll was able to fully compensate for the one-off major project orders received in the United States in the 2018 financial year by increasing its product business and, above all, by generating sales growth in smaller and medium-sized project orders during the 2019 financial year. Interroll's innovative platform solutions and services made a significant contribution to this gratifying result.
At CHF 546.5 million, incoming orders in 2019 were -7.8% below the previous year (-5.7% in local currency), as expected. In addition to the aforementioned loss of one-off major orders, the second half of the year saw a slowdown in business momentum in the markets.
Interroll expects net profit to increase by at least 5% compared with the previous year's figure; the company has once again made substantial progress in terms of operating cash flow.
"Our sustained high pace of innovation as well as our global market presence and consistent improvements in productivity have contributed to the encouraging result for the past financial year despite a challenging market environment," explains Paul Zumbühl, CEO Interroll Worldwide Group. "We have started the new year with confidence and anticipate positive momentum in the global markets for material flow solutions.“
The complete Interroll Annual Report 2019 with the final, audited figures will be presented at the Annual Media Conference on March 20, 2020 in Zurich, Switzerland.
CEO Interroll Worldwide Group
+ 41 91 850 25 00
Global PR Manager
+41 91 850 25 21
Financial calendar 2020
March 20 Publication of Annual Report 2019 and Annual Media Conference in Zurich
May 8 General Assembly in Sant'Antonino
August 3 Publication of the Half-Year Report 2020 and Web Conference (in English)
The registered shares of Interroll Holding AG are traded in the Main Standard of the SIX Swiss Exchange under security number 637289.
The Interroll Group is the leading global provider of material handling solutions. The company was founded in 1959 and has been listed on the SIX Swiss Exchange since 1997. Interroll provides system integrators and OEMs with a wide range of platform-based products and services in these categories: Rollers (conveyor rollers), Drives (motors and drives for conveyor systems), Conveyors & Sorters as well as Pallet & Carton Flow (flow storage systems). Interroll solutions are in operation in express and postal services, e-commerce, airports, the food and beverage industry, fashion, automotive sectors, and many other manufacturing industries. Among the company’s end users are leading brands such as Amazon, Bosch, Coca-Cola, DHL, Nestlé, Procter & Gamble, Siemens, Walmart and Zalando. Headquartered in Switzerland, Interroll has a global network of 32 companies with turnover of around CHF 559.9 million and 2,300 employees (2018).