Press releases
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
Breitenbach, September 6, 2017 – Stephan Kellmann (53), the longtime CFO of the Von Roll Group, has decided to leave the company after the relocation of the Group’s activities from Wädenswil (Zurich) to the Swiss production site in Breitenbach (Solothurn). Effective October 1, 2017, the Board of Directors appointed Artur Lust (35) as his successor.
Stephan Kellmann successfully contributed to the restructuring of the Von Roll Group in recent years with great dedication and commitment. “The Board of Directors would like to thank Stephan Kellmann for his important contribution to implementing our strategy. He has demonstrated his excellent capabilities during a highly demanding company cycle," says Dr. Peter Kalantzis, Chairman of the Board of Directors.
Artur Lust, who has been nominated as his successor, has so far been responsible for corporate development at Von Roll and has played a key role in the successful restructuring of the Group over the past 18 months.
CEO Dr. Christian Hennerkes says, “I would like to express my thanks for the very good and successful collaboration with Stephan Kellmann and I regret that he will not continue to carry on his duties after the shift of our operations to Breitenbach. At the same time, I am very pleased to have Artur Lust at my side, whose financial expertise and strong affinity for the operational business make him very well qualified to drive forward further optimization in all areas of the company with the highest possible intensity.
Artur Lust holds a degree in business administration and is a certified accountant. He previously held various management positions in listed companies as well as in family-owned companies. The Board of Directors wishes him much success in his new position.
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
- 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/.
Au / Wädenswil, May 26, 2017 – The Von Roll Holding AG is selling one of a total of four locations in the USA, and is thereby consistently continuing the realignment initiated in the past year.
Dr. Christian Hennerkes, CEO: "The sale of our subsidiary Von Roll Austral marks another important step in focusing on our more profitable core areas. We are thus parting with a peripheral activity, which is neither sufficiently scalable in the short and medium term nor in line with our future profitability targets. "
Von Roll Austral in Douglasville now employs about 40 employees and produces various wire products for smaller repair shops as well as for competing wire producers to cover peak loads.
All other activities of the Von Roll Group in the wire business, particularly in France and India, are continued unaltered and expanded further in attractive special segments.
About Von Roll Holding AG: As a Swiss industrial company, Von Roll Holding AG focuses on products and systems for power generation, transmission and distribution. Von Roll is a global market leader for electrical insulation products, systems and services and has a worldwide presence in 29 sites with around 1,700 employees.
Contact: Claudia Guentert, Corporate Communications
T: +41 44 204 3529, F: +41 44 204 3007, E: press@vonroll.com
Financial calendar
Publication of semi-annual result 2018