Von Roll reports positive result for the first half of 2017
- EBIT of CHF 7.3 million (EBIT margin: 4.1%)
- Increase in order intake (+8.1%) and sales (+1.5%)
- Gross margin rises by 2.9 percentage points to 20.4%
- Net result of CHF 0.4 million (previous year: CHF -11.1 million)
Breitenbach, 17 August 2017 - For the first half of 2017, the Von Roll Group is reporting a positive EBIT of CHF 7.3 million (previous year: CHF -5.4 million), thus continuing the encouraging trend of the first quarter.
The ongoing activities of the Swiss global market leader for electrical insulation made pleasing progress in the first six months of the financial year. Order intake increased by 8.1% up to CHF 186.4 million year on year, while total sales rose by 1.5% to CHF 176.8 million.
The main key financial ratios such as the net result, at CHF 0.4 million (previous year: CHF -11.1 million), and the operating cash flow, at CHF 0.2 million (previous year: CHF -2.6 million), also show a clear improvement.
The positive business trend is based on a stable market environment and the programmes to increase efficiency in sales and production launched in the last financial year, which resulted in a gross margin increase of 2.9 percentage points to 20.4% (previous year: 17.5%).
To reach our mid-term profit target - a sustainable EBIT margin of over 8% - the Von Roll Group will continue to rigorously follow the path it has chosen and examine and implement any further structural changes that might become necessary.
Key figures
| |
|
|
|
| in CHF 1,000 |
1H 2017 |
1H 2016
(restated) |
Change |
| Order intake |
186,375 |
172,385 |
8.1% |
| Net sales |
176,752 |
174,098 |
1.5% |
| Thereof Insulation |
120,799 |
118,979 |
1.5% |
| Thereof Composites |
53,227 |
51,309 |
3.7% |
| Thereof other activities |
2,726 |
3,810 |
-28.5% |
| EBIT |
7,311 |
-5,384 |
235.8% |
| Net income for the period |
402 |
-11,134 |
103.6% |
| Cash flow from operating activities |
150 |
-12,583 |
101.2% |
| Equity ratio (%) |
27% |
13% |
14.0 ppt |
| Number of employees (FTE) |
1,601 |
1,856 |
-13.7% |
Further information can be found in the Semi-Annual Report 2017. This is available in digital form at http://www.vonrollgroup.com/en/.
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 26 sites with around 1,600 employees.
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. Furthermore, rounding differences may lead to discrepancies in the reported figures. 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 http://www.vonrollgroup.com/en/.
