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 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
Aktuelle Themen
Weitere Artikel des Autors
1 im Artikel enthaltener WertIm Artikel enthaltene Werte