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    DGAP-Adhoc  527  0 Kommentare Von Roll Holding AG: order intake increased in the first half of 2014


    Von Roll Holding AG / Key word(s): Half Year Results

    21.08.2014 07:00

    Release of an ad hoc announcement pursuant to Art. 53 KR
    ---------------------------------------------------------------------------

    Von Roll Holding AG: order intake increased in the first half of 2014

    - Sales: CHF 246.1 million

    - Order intake: CHF 243.3 million

    - EBIT: CHF 1.9 million

    Au/Wädenswil, 21 August 2014 - In the first half of 2014, the order intake
    of the Von Roll Group increased by 6.4 % to CHF 243.3 million and the order
    bank rose by 8.4 % to CHF 129.8 million compared with the same period in
    the previous year. Sales increased slightly by 0.1 % to CHF 246.1 million.
    Adjusted for exchange rate and copper price effects, sales would have
    totalled CHF 256.9 million, 4.5 % more than in the corresponding period
    last year.

    EBIT amounted to CHF 1.9 million as against CHF 2.1 million in the first
    half of 2013, with restructuring costs and start-up expenses for the growth
    strategy continuing to have a negative effect. Earnings before interest,
    tax, depreciation and amortisation (EBITDA) grew by 11.5 % to CHF 10.2
    million. Net income stood at CHF -3.6 million compared with CHF -3.9
    million in the first half of 2013. Cash flow from operating activities
    totalled CHF -9.2 million as against CHF -2.8 million in the corresponding
    period last year. The number of employees fell by 8.4 % to 2,521 fulltime
    positions.

    The Insulation division achieved a recovery, particularly in the EMEA
    region, leading to an increase in its order intake worldwide of 6.4 % and a
    growth in sales of 2.6 % compared with the first half of 2013. In EMEA, the
    new strategy is already beginning to deliver results: greater proximity to
    customers, a stronger focus on new products and the successful acquisition
    of Albesiano Sisa Vernici S.r.l. confirm that the path chosen is the right
    one. Order intake increased in all three regions - America, Asia and EMEA -
    and was up on the previous year.

    Sales in the Composites division fell by 7.6 %. All three regions were
    equally affected by the sluggish demand. Unlike last year, there were no
    sizeable one-off projects received from the thermal insulation sector.
    Reduced defence budgets also had a negative impact on the ballistics
    business.

    The Technologies division, particularly the Transformers business unit,
    enjoyed a slight upturn.

    The "Delta Integrale" transformation process begun in 2013 is continuing to
    be implemented at high speed. The first phase, which involves creating a
    lean, market-driven and customer-centred organisational structure, is
    largely completed. The second phase, the consolidation of the global
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    DGAP-Adhoc Von Roll Holding AG: order intake increased in the first half of 2014 Von Roll Holding AG / Key word(s): Half Year Results 21.08.2014 07:00 Release of an ad hoc announcement pursuant to Art. 53 KR --------------------------------------------------------------------------- Von Roll Holding AG: order intake increased …