Record sales and EBIT; order intake below previous year

Interroll Holding AG / Key word(s): Preliminary Results Record sales and EBIT; order intake below previous year 30-Jan-2023 / 06:30 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 LR The issuer is solely responsible for the content of this announcement. Sant'Antonino, Switzerland, January 30, 2023. Interroll continued to grow in the financial year 2022: sales increased to CHF 664.4 million (+3.8% year-on-year, +8.0% in local currencies). Order intake amounts to CHF 572.6 million (-27.4% year-on-year, -24.3% in local currencies). EBIT and EBIT margin are expected to increase slightly compared to previous year. Despite a lower order backlog, the Group is cautiously optimistic about the financial year 2023.

Sales in consolidated currency reached CHF 664.4 million (+3.8% year-on-year) and exceeded the previous year by 8.0% in local currency. Compared to the first half of 2022, Interroll was able to increase its sales momentum. In particular, the improved situation in the supply chains and the successful completion of major projects contributed to this in the second half of the year. 

Order intake in 2022 was CHF 572.6 million in consolidated currency (-27.4% year-on-year) and fell by -24.3% year-on-year in local currency.  A comparison with the record order intake in 2021 is not very meaningful. In 2021, there were on the one hand catch-up effects from postponed projects in the pandemic year 2020 and on the other hand some projects were brought forward due to emerging supply chain issues. In the product business, customers also built up their inventories accordingly in 2021. Added to this the ongoing debates about energy shortages, the war in Ukraine and general uncertainty about the global economy led to many project postponements. The rapid and strong normalization of supply chains with the accompanying reduction in delivery times led to inventory reductions at our customers in the product business.