Press releases
Breitenbach, September 18, 2018 – Von Roll reports today that its Von Roll Shanghai Co. Ltd. plant in China has been awarded the official IATF (International Automotive Task Force) certification. The IATF Directive is an independent standard for the automotive industry, based on the requirements of ISO 9001 and dedicated to harmonizing standards to improve product quality for automotive customers.
The certificate also includes the category "Design and manufacture of flexible low-voltage laminate materials for automotive engine generators".
Yong Yang, General Manager Operations China, says: "The certification of our plant in China is an important step for our current and future projects in the automotive sector. This enabled us to win a major order worth several million euros from one of the world's leading automotive groups. At the same time, many new opportunities are opening up for large-volume orders from international automotive companies producing in China."
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 15 sites with 1,450 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. 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/.
Breitenbach, August 23, 2018 – Von Roll Holding AG announced today that a new five-year supply contract has been signed between Renault and Von Roll France SA. Von Roll already supplies products for the Renault ZOE, the company’s electric car model, which is a pioneering breakthrough in the area of e-mobility.
The total contract volume is budgeted in the double-digit million range. Renault, driven by its very ambitious goals, is investing more than EUR 1 billion in e-mobility.
Dominique Larrenduche, Head of Global Sales Resins Product Line, says: “We are extremely proud to have been chosen as a long-term strategic partner by Renault. This success is based on a long-term technical development partnership between this highly innovative automotive company and the recognized leader in electrical insulation systems.”
Von Roll is also expanding other important and active partnerships with leading electric car manufacturers worldwide and driving the development of new solutions for electric vehicles.
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 1,450 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/.
- Operating income (EBIT) of CHF 8.8 million (EBIT margin 5.2%)
- Cash flow from operating activities of CHF 6.9 million (previous year: CHF 0.2 million)
- Gross margin improved to 21.3%
- Net income of CHF 1.0 million (previous year: CHF 0.4 million)
Breitenbach, August 21, 2018 – In the first half of 2018, the Von Roll Group achieved a positive operating result of CHF 8.8 million (previous year: CHF 7.5 million), reconfirming the successful realignment of the Group.
The positive key financial figures for the first half of 2018 result from the strict focus of the Von Roll Group on profitable business segments combined with increased productivity. The EBIT margin increased to 5.2% (previous year: 4.3%) and the gross margin to 21.3% (previous year: 20.3%). Cash flow from operating activities also developed positively, totaling CHF 6.9 million, which is significantly above the previous year's level.
The slightly lower sales revenue of CHF 169.8 million compared to the previous year as well as the 3% drop in order intake result from the divestment of two production plants in the USA (Austral) and China (Mica Luhe). After adjusting the sales in 2017 and 2018 for these divestments, sales increased by CHF 4.1 million or 2.6% compared to the previous year.
The fitness program, which has been successfully implemented since the beginning of 2017, shows significant effect and will continue to contribute to a permanent increase in operating earnings in the coming months. At the same time, new products and business segments such as e-mobility and aerospace offer opportunities for future growth.
Key figures
| in CHF 1,000 | 1H 2018 | 1H 2017 (restated) | Change |
| Order intake | 180,810 | 186,375 | -3.0% |
| Net sales | 169,767 | 173,868 | -2.4% |
| Thereof Insulation | 119,440 | 120,799 | -1.1% |
| Thereof Composites | 50,361 | 53,227 | -5.4% |
| Thereof other activities | -34 | -158 | 78.5% |
| EBIT | 8,829 | 7,531 | 17.2% |
| Net income for the period | 954 | 402 | 137.3% |
| Cash flow from operating activities | 6,861 | 150 | 4474,0% |
| Equity ratio (%) | 28.7% | 27.0% | 1.7 ppt |
| Number of employees (FTE) | 1,437 | 1,601 | -10.2% |
Further information can be found in the Semi-Annual Report 2018, which 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 14 production sites with 1,450 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/.
Breitenbach, 24 July 2018 – Von Roll Holding AG has announced the opening this week of a new eDrive test laboratory at the Von Roll Institute in Breitenbach. The new laboratory focuses exclusively on testing electrical insulating materials used in electric vehicle engines.
Christoph Herold, Director and Head of the Von Roll Institute says: "Projects in connection with electromobility are in great demand. The drives are increasingly moving towards high voltage with 800 volts and higher. We support manufacturers of electric vehicles worldwide in applying high-voltage standards to leading technology products. With our many years of experience and our highly specific measuring methods, we help to improve the longevity and efficiency of electric motors. Nearly all the world's leading manufacturers of electric vehicles rely on the analyses and test results of the Von Roll Institute.”
Von Roll has been developing innovative products for the automotive market since the early days of electromobility. Among other things, the new eDrive laboratory tests electric drives driven by power electronic components. These converters control the speed of the motor and thus convert the pressure on the accelerator pedal into electrical pulses. The insulation material is thus exposed to significantly higher voltages, temperatures and frequencies. The systems for high-frequency high-voltage loads, which were specially developed for the new test laboratory, are among the most modern testing technologies worldwide.
More information can be found at https://www.vonroll.institute/en.
Pictures from the institute can be downloaded here
-->Von Roll Institute Picture 1
-->Von Roll Institute Picture 2 Testing
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 15 sites with 1,450 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. 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/.
Breitenbach, May 22, 2018 - Von Roll Holding AG is selling its production site in Luhe, China to its long-standing sales partner Goode EIS. In Luhe, primarily mica paper and pressed mica plates are produced. Von Roll also produces mica paper at two other sites in France and Brazil.
Dr. Christian Hennerkes, CEO, says: "This transaction offers a good opportunity to further streamline our global production structures while successfully divesting a low-margin commodity business with annual sales of just under CHF 13 million. The Von Roll Group will receive over CHF 10 million from the sale. Furthermore, with this step we want to concentrate all activities in China on the expansion of our site in Shanghai, where we already generate the majority of our sales in Asia with highly developed surface and liquid insulating materials.“
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 18 sites with 1,536 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. 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/.
Breitenbach, 25 April 2018 – All proposals presented by the Board of Directors at the 195th Annual General Meeting of Von Roll Holding AG held at the Mövenpick convention center Zurich-Regensdorf on 24 April 2018 were approved by a substantial majority of shareholders.
The annual report, financial statements and consolidated statements for the 2017 financial year as well as the reports of the statutory auditors were approved. The actions of the Board of Directors and Group Management were approved for the fiscal year 2017.
Dr. Peter Kalantzis, Gerd Amtstätter, Guido Egli, August François von Finck, Dr. Christian Hennerkes and Gerd Peskes were elected to another statutory one-year term as Members of the Board of Directors. Dr. Peter Kalantzis was confirmed by the shareholders’ assembly as President of the Board of Directors for the next period.
All candidates for the Remuneration Committee, notably Gerd Amtstätter, Guido Egli and August François von Finck, were reelected. The proposal put forward by the Board of Directors to reelect Deloitte AG, Zurich, as statutory auditors for the fiscal year 2018 was confirmed. Moreover, the change to the articles of incorporation was approved. The shareholders approved all remuneration proposals for the Board of Directors and the Executive Board.
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, 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/.
Breitenbach, March 16, 2018 – Von Roll Holding AG is disposing of the last remaining activities in the water business: the municipal drinking water business in Germany.
Dr. Christian Hennerkes, CEO, says: “Today we are transferring all ongoing projects to W.E.T. Wasser, Energie, Technologie GmbH, a proven specialist for drinking water treatment. This step turns the page on all the activities with our subsidiary Von Roll BHU Umwelttechnik GmbH, and concludes an excursion into the water business that was not very successful for the Von Roll Group.”
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, 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 http://www.vonrollgroup.com/en/.
- EBIT of CHF 4.5 million (previous year: CHF –17.3 million)
- Cash flow from operating activities of CHF 5.3 million (previous year: CHF –10.5 million)
- Organic growth in sales (+4.1 %) and order intake (+2.8 %)
- Equity ratio improves to 28 %
Breitenbach, 13 March 2018 – 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 | |||
| in CHF 1,000 | 2017 | 2016 | Change |
| 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 Guentert, Corporate Communications
T: +41 61 785 5236, F: +41 61 785 5892, E: press@vonroll.com
This press release is based on information currently available. Unforeseeable risks and influences may lead to discrepancies with the statements portrayed here. Furthermore, rounding differences may lead to discrepancies in the reported figures. For more detailed information on the company and business development, please see the Annual and Semi-annual Report of Von Roll Holding AG. They are available in digital form at www.vonrollgroup.com.
Breitenbach, February 8, 2018 – Von Roll Holding AG is selling part of its water business activities, which mainly comprise the Chinese market and were previously part of the subsidiary Von Roll BHU Umwelttechnik GmbH Deutschland.
Dr. Christian Hennerkes, CEO, comments: "With the partial divestment of our water business as part of a management buy-out, we are continuing our focus on our core business.” All current projects will be seamlessly taken over by the current managing director, Mr. Stefan Köppel, and his existing core team.
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 more than 20 sites in 15 countries 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
Financial calendar
Publication of annual result 2018
196. Shareholder's meeting (Luzern)
Publication of semi-annual result 2019