Press releases
Breitenbach, May 3, 2021 – As planned, the 198th ordinary General Meeting of Von Roll Holding AG took place on April 30, 2021 at 10.30 a.m. at the headquarters in Breitenbach (Switzerland) without physical presence of the shareholders due to the Coronavirus Pandemic. All proposals presented by the Board of Directors were approved by a large majority of the shareholders.
The annual report, financial statements and consolidated statements as well as the actions of the Board of Directors and Group Management were approved for the financial year 2020.
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 as President of the Board of Directors.
All candidates for the Remuneration Committee, Gerd Amtstätter, Guido Egli and August François von Finck, were reelected. The proposal put forward by the Board of Directors to reelect Deloitte AG as statutory auditors for the fiscal year 2021 was confirmed. The shareholders approved all remuneration proposals for the Board of Directors and the Executive Board as well as the proposal for creation of authorized capital.
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 sites with around 1,000 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/.
Breitenbach, April 1, 2021 – The Von Roll Group has succeeded in selling the land at the Breitenbach site that has been unused for years. The buyer is Steiner Investment Foundation, which works closely with Steiner AG, one of the largest real estate developers in Switzerland.
The transfer is very attractive for both parties. The land acquired by Steiner Investment Foundation is centrally located in the community of Breitenbach and is therefore suitable for the expansion of residential and commercial space. With the sale, the Von Roll Group realizes a high cash inflow, which will be invested completely for future growth.
The production and administration currently located at the Breitenbach site will stay in full operation on the remaining land in the future.
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 sites with around 1,000 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
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/.
- Net sales of CHF 212.2 million
- Cash flow from operating activities of CHF 6.8 million
- Operating result (EBIT) (incl. special charges) of CHF -16.6 million
Breitenbach, March 18, 2021 – Von Roll Group's business was negatively impacted by external influences in 2020. Difficult circumstances experienced by our customers due to the ongoing COVID-19 pandemic led to a significant drop in demand in almost all product segments and regions.
The Von Roll Group used the significant slowdown of the global economy to make further structural adjustments mainly affecting its operations in Europe. Particularly to be noted is the discontinuation of two manufacturing plants in France, which in the financial year 2019 still contributed around CHF 50 million to net sales, but had been highly loss-making for years.
As a result, net sales decreased to CHF 212.2 million (2019: CHF 291.6 million). The operating result (EBIT) was mainly affected by negative effects from the above mentioned structural adjustments amounting to CHF -16.6 million (2019: CHF 9.8 million). Earnings after taxes (EAT) declined to the same extent to CHF -24.2 million (2019: CHF 3.3 million). Cash flow from operating activities amounted to CHF 6.8 million (2019: CHF 12.6 million).
In the first months of the financial year 2021, the Von Roll Group recorded a strong order intake while at the same time benefiting from the recently implemented cost improvements. The Group expects noticeable sales growth and a significantly positive operating result for the current financial year 2021.
| Key figures | | |
| in CHF 1,000 | 2020 | 2019 |
| Order intake | 196,998 | 296,944 |
| Net sales | 212,237 | 291,581 |
| Thereof Insulation | 156,129 | 212,683 |
| Thereof Composites | 56,108 | 78,898 |
| EBITDA | -4,920 | 21,540 |
| Operating result before deconsolidation | -5,283 | 9,795 |
| Operating result (EBIT) | -16,565 | 9,795 |
| Earnings after taxes (EAT) | -24,215 | 3,261 |
| Cash flow from operating activities | 6,831 | 12,625 |
| Equity ratio (%) | 74.5% | 71.9% |
| Number of employees (FTE) | 973 | 1,203 |
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 sites with around 1,000 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
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 10, 2021 – As a pioneer and specialist in electrical and thermal insulation and due to its leading, technical know-how, the Von Roll Group was officially awarded and included in the World Market Leader Index for the first time. The World Market Leader Index is set up in cooperation with the University of St. Gallen and the Academy of German World Market Leaders (ADWM) according to scientific selection criteria.
The Index is published annually in the German business magazine "WirtschaftsWoche". For the first time, companies from Switzerland were also included in the Index and Von Roll was awarded in the "Alpine Champions" category due to its leading, technical know-how.
CEO Dr. Christian Hennerkes says: "We are proud to belong to the selected circle of world market leaders. After the company went through a long transformation process, we have refocused on our strengths in the field of electrical insulation. With our products, we are supporting the energy and mobility revolution worldwide and in this way contributing to an emission-free future. Special thanks goes to our employees, whose expertise and passion have helped us to achieve this leading position in our industry!"
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 sites with around 1,000 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
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/
- Net sales of CHF 119.5 million
- Operating income before special effects slightly positive at CHF 0.5 million
- Cash flow from operating activities of CHF 1.6 million
Breitenbach, August 20, 2020 – The ongoing Covid-19-crisis and the special effects from the two discontinued sites in France (Delle) had a negative impact on our results, particularly in the second quarter of 2020, leading to an operating income (EBIT) for the Von Roll Group of CHF -10.9 million. Before special effects from the discontinuation of the above-mentioned plants, a slightly positive operating result of CHF 0.5 million was achieved in the first half of the year.
After an initially solid performance in the first quarter, the massive restrictions imposed on global economic activities in connection with Covid-19 led to major challenges for all market participants. Although Von Roll was able to almost completely maintain its ability to deliver, demand decreased and resulted in net sales of CHF 119.5 million (1H 2019: CHF 154.8 million).
Taking into account the changes in the consolidated companies and exchange rate effects, the decline in sales amounts to around 12.3 % compared to the previous year. Thanks to all the structural adjustments made in recent years and careful cost management, a positive operating income (EBIT) of CHF 0.5 million before deconsolidation of the two plants in France was still achieved despite the current corona crisis.
The special effects, caused by the separation from the two French sites in Delle, resulted in a negative operating income (EBIT) of CHF -10.9 million (1H 2019: CHF 2.5 million). Group earnings after taxes (EAT) fell by the same proportion to CHF -15.0 million (1H 2019: CHF -0.6 million).
Cash flow from operating activities amounted to CHF 1.6 million (1H 2019: CHF -1.2 million). The equity ratio was 74.3%.
Based on its solid liquidity and high equity ratio, Von Roll is in a position to continue to compete in an uncertain and volatile market environment in the coming months.
| Key figures | | |
| in CHF 1 000 | 1H 2020 | 1H 2019 |
| Order intake | 124,464 | 155,514 |
| Net sales | 119,509 | 154,754 |
| Thereof Insulation | 87,584 | 111,429 |
| Thereof Composites | 31,925 | 43,325 |
| Earnings before interest, taxes, depreciation and amortization (EBITDA) | -4,953 | 9,301 |
| Operating income before deconsolidation | 539 | 2,537 |
| Operating income (EBIT) | -10,947 | 2,537 |
| Earnings after taxes (EAT) | -15,046 | -557 |
| Cash flow from operating activities | 1,605 | -1,229 |
| Equity ratio (%) | 74.3% | 71.9% |
| Number of employees (FTE) | 1,054 | 1,252 |
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 12 production sites with around 1,100 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
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, July 7, 2020 – Von Roll is turning its existing plant in Bangalore into the most modern production facility for electric wire coils in India. CEO Christian Hennerkes says, “With the latest investments in India, we are strengthening our leading position as a producer of integrated and ready-to-install system components. This move makes Von Roll the only company in the electrical insulation market worldwide, which covers the entire value chain from raw material extraction to ready-to-install wire coils. This puts us in a position to design truly unique products and at the same time secure the highest quality standards.”
Thanks to the combination of highly-skilled employees, state-of-the-art production facilities and favorable structural costs in India, Von Roll is able to benefit from the growing outsourcing trend among major manufacturers of motors and generators. A further affirmation of this is the recently signed contract with an order value in the double-digit million range for the years 2020/2021.
Sandip Ghosh, Managing Director Von Roll India, has the following to say about the plant expansion, “We are excited that well-known manufacturers are choosing Von Roll technology. With the latest investments, we are doubling our current capacity and successfully continuing our growth path in India. Our team has the vision to become the first address worldwide for the production of ready-to-install wire coils. Already today, our products are exported globally and are used in high-voltage electric motors, railway drives and generators”.
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 12 production sites with around 1,050 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
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, June 8, 2020 – Von Roll Automotive will be supplying Audi’s future electric vehicle systems with insulating components for electric drives. The nomination is associated with a contract volume in the double-digit million euro range.
Jens Lange, Managing Director of Von Roll Automotive, comments: “We are very proud that Audi has picked us as a long-term, strategic partner. As the global leader for electrical insulation systems, Von Roll has innovative solutions that offer performance benefits far above current market standards. This allows the efficiency and durability of electric drives to be raised to the next level”.
The latest success shows that Von Roll is well positioned to support large corporations in their electrification strategy. The Von Roll Automotive team works very closely with various international vehicle manufacturers and research institutes in this field. This applies not only to electric motors, but also and especially to the safety of high-voltage storage systems for hybrid and 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 12 production sites with around 1,050 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
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 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/.
Financial calendar
Publication of semi-annual result 2021