EQS-Adhoc

Von Roll Holding AG: Annual result for 2014

EQS Group-Ad-hoc: Von Roll Holding AG / Key word(s): Final Results
Von Roll Holding AG: Annual result for 2014

18.03.2015 / 07:00
Release of an ad hoc announcement pursuant to Art. 53 KR.
The issuer is solely responsible for the content of this announcement.

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Von Roll: Annual result for 2014

- Sales of CHF 418.8 million stabilised at previous year's level

- Loss-making transformers business sold during the reporting year

- EBIT of minus CHF 32.5 million affected by comprehensive, substantial
modernisation and restructuring measures

Au / Wädenswil, 18 March 2015 - Von Roll Holding AG today published its
results for the financial year 2014, which was a year of significant
planned change for the Von Roll Group. As announced, Von Roll turned their
focus fully to its core business, Insulation and Composites. After several
years of declining sales, the company was able to stabilise its figures at
the previous year's level despite the difficult economic situation. The
transformers business, which has made losses for a number of years, was
sold at the end of 2014. This sale resulted in a "last time" significant
negative impact on Von Roll's result in 2014. The negative EBIT of minus
CHF 32.5 million was affected particularly by necessary restructuring
measures in the core business and the associated start-up costs.

At CHF 418.8 million, Group sales increased by 0.2%, up slightly on 2013.
It was pleasing that EMEA, Von Roll's largest market, managed to recover,
with sales here increasing by 4.5% to CHF 229.0 million. While business
expanded in North America, the South American declined, leading to an
almost unchanged sales figure of CHF 95.6 million in the Americas region.
Sales in Asia fell by 8.4% to CHF 94.2 million.

Order intake declined by 4.5% compared with the previous year to CHF 416.4
million. While the Insulation division's order intake was stable, the
Composites division and Von Roll Water saw theirs drop.

The consolidation of the company's global plant network is continuing
apace. The Düren site in Germany will be shut down by the end of 2015. With
the exception of the product group "moulded parts", all products will
continue to be manufactured at various Von Roll Group plants. This
discontinued product group is not part of the core business. The facility