Press releases
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/.
Breitenbach, 30 April 2020 – As planned, the 197th Annual General Meeting of Von Roll Holding AG took place on April 30, 2020 at 10.30 a.m. at the headquarters in Breitenbach (Switzerland) without physical presence of the shareholders due to the Coronavirus. All proposals presented by the Board of Directors were approved by a large majority of the shareholders.
The management report, financial statements and consolidated financial statements for the 2019 financial year were approved. The actions of the Board of Directors and Executive Management were approved for the financial year 2019.
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 for the next period.
All candidates for the People & 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 financial year 2020 was confirmed. 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 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/.
- EBIT of CHF 9.8 million (EBIT margin 3.4%)
- Positive group result after tax of CHF 3.3 million
- Increase in equity ratio to 71.9% (previous year: 63.9%)
Breitenbach, March 11, 2020 – In the financial year 2019, despite a difficult market environment, the Von Roll Group was able to benefit from all optimization activities implemented in recent years and, for the first time in eight years, achieved a positive Group result after tax of CHF 3.3 million.
The operating result (EBIT) increased significantly from year-over-year to CHF 9.8 million (2018: CHF 2.5 million). Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to CHF 21.5 million (2018: CHF 24.9 million).
Net sales declined to CHF 291.6 million in the 2019 financial year (2018: CHF 322.2 million). Adjusted for currency effects and for sales from loss-making business units sold in 2018, the sales dropped by 6.5%.
The positive Group result, together with the balance sheet contraction resulting from the change to Swiss GAAP FER, led to an increased equity ratio of 71.9% (2018: 63.9%).
Due to the rapidly expanding corona virus crisis in connection with the global economic downturn, we expect noticeable negative effects on sales and earnings in the current financial year.
| Key figures | |||
| in CHF 1,000 | 2019 | 2018 | Change |
| Order intake | 296,944 | 335,890 | –11.6% |
| Net sales | 291,581 | 322,187 | –9.5% |
| Thereof Insulation | 212,683 | 230,220 | –7.6% |
| Thereof Composites | 78,898 | 91,967 | –14.2% |
| EBITDA | 21,540 | 24,918 | –13.6% |
| EBIT | 9,795 | 2,517 | +289.2% |
| Net income for the period | 3,261 | –6,801 | +147.9% |
| Cash flow from operating activities | 12,625 | 18,573 | –32.0% |
| Equity ratio | 71.9% | 63.9% | +8 ppt. |
| Number of employees (FTE) | 1,203 | 1,264 | –4.8% |
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 14 production sites with around 1,200 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, January 21, 2020 – The Von Roll Group has achieved the EN 9100 certification for the production and sales of innovative composite materials for the aerospace industry. This is an important milestone in the diversification strategy already communicated by the publicly listed Swiss company.
The new Von Roll products are designed for reinforcing wall and floor panels in aircraft cabin interiors. Their advantages include long shelf life, excellent environmental compatibility and improved mechanical performance. At the same time, they meet the high standards of fire protection required by the aerospace industry.
The highly simplified processability of the new materials offers considerable efficiency improvements for industrial manufacturing in the aviation industry.
Von Roll expects great potential for the newly developed materials and is already cooperating with leading manufacturers for the required approvals.
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 1,250 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, October 9, 2019 - One year after its market entry, Von Roll Automotive has achieved important milestones with newly developed insulation solutions for electric drives and high-voltage batteries in a challenging market environment.
Von Roll Automotive has won a major order in the two-digit million range from a well-known British car manufacturer. The order involves the series production of special components for the electrical and thermal protection of high-voltage batteries for hybrid and electric car series.
In addition, Von Roll will be assisting one of the most innovative manufacturers of electrical household devices in the development of their own electric vehicle. Thanks to its leading expertise in electrical insulation systems, Von Roll Automotive is conducting a large number of tests with various insulation materials for the electric drive train in order to increase the efficiency of the engine.
The Von Roll Automotive team develops innovative solutions to increase the efficiency of electric motors and the thermal insulation of vehicle batteries.
Von Roll Automotive is already aiming for further project nominations for large-scale orders in the high double-digit million range this year. The start of production for the acquired projects is planned for 2021.
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 1,250 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/
- Net sales CHF 154.8 million
- EBITDA CHF 11.4 million
- Operating result (EBIT) of CHF 3.7 million (EBIT margin 2.4 %)
- Net result of CHF 0.9 million
Breitenbach, August 21, 2019 – In the first half of 2019, the Von Roll Group achieved a positive operating result (EBIT) of CHF 3.7 million with net sales of around CHF 155 million.
Despite of a weak market environment, the Von Roll Group achieved a net profit of around CHF 0.9 million, at the same level as the previous year. The high use of resources to enter new markets and the continuing slowdown in the economy were the reasons for the generally weaker financial figures for the first half of the year compared with the previous year. Group sales in the first half of the year were around 8.8 % below the previous year. Adjusted for the business units divested in the first half of 2018, the decline amounted to 6.9 %. Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to CHF 11.4 million.
The current weak economic forecasts continue to be a challenge for the Group in the second half of the year. Irrespective of this, the Von Roll Group will continue resolutely to expand its business activities into new markets such as automotive and aerospace, even if doing so requires increased investments and expenses to the detriment of the earnings situation.
Change to Swiss GAAP FER
The Board of Directors has decided to change the accounting method for the financial statements from IFRS to Swiss GAAP FER as of December 31, 2019. This change will enable the Von Roll Group to organize its financial reporting more efficiently from a cost-benefit perspective. In addition, this step will enable the targeted growth to be better reflected, for example through through joint ventures.
With the change to Swiss GAAP FER, the accounting principles currently applied remain unchanged. The main adjustments relate to the balancing of pension obligations, the treatment of goodwill and deferred taxes. As of December 31, 2018, the balance sheet is expected to shrink to approximately CHF 312 million and the equity ratio to approximately 64 %, a reduction of approximately 3 %-points. The change will have a significant impact on the presentation of the income statement, although positive and negative effects on the result will be partially offset.
Transparent reporting in line with the true-and-fair principle continues to be guaranteed even after the transition from IFRS to Swiss GAAP FER.
Key figures
| in CHF 1,000 | 1H 2019 | 1H 2018 | Change |
| Order intake | 155,514 | 180,810 | –14.0% |
| Net sales | 154,754 | 169,767 | –8.8% |
| Thereof Insulation | 111,429 | 119,415 | –6.7% |
| Thereof Composites | 43,325 | 50,352 | –14.0% |
| EBITDA from continuing operations | 11,412 | 16,703 | –31.7% |
| EBIT | 3,653 | 8,829 | –58.6% |
| Net income for the period | 894 | 954 | –6.3% |
| Cash flow from operating activities | 405 | 6,861 | –94.0% |
| Equity ratio (%) | 66.7% | 28.7% | +38 ppt. |
| Number of employees (FTE) | 1,252 | 1,277 | –2.0% |
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 1,250 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/.
Financial calendar
Publication of semi-annual result 2020