EANS-Adhoc: Von Roll Holding AG
Rising order intake in the first quarter of
2011
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quarterly report
20.04.2011
- Order intake up 14% to CHF 159 million - Stable sales at CHF 143 million - Sales growth at constant exchange rates of 9% to CHF 156 million
Au / Wädenswil, 20 April 2011 - Von Roll Holding AG published its figures for the first quarter of 2011 today. Compared with the same quarter of the previous year, sales developed at the same level at CHF 143 million this financial year. Adjusted for exchange rate effects, sales rose by 9% to CHF 156 million. Order intake increased by 14% to CHF 159 million in the first quarter, adjusted for exchange rate effects, order intake rose by 25% to CHF 174 million.
The 12% growth in sales to CHF 101 million in the traditional Von Roll Insulation segment was chiefly driven by the sustained high demand in the short-cycle low-voltage segment. Order intake increased by 10% to CHF 109 million in this segment. Von Roll Composites posted unchanged sales of CHF 28 million, whilst order intake rose by 14% to CHF 33 million. Decrease in sales in the Von Roll Transformers segment of 48% to CHF 13 million is strongly influenced by the weak order intake in the first half of 2010. Order intake in the first quarter of 2011 showed a positive development and was up 55% to CHF 17 million.
"Business development to date in 2011 is in line with our expectations", says Matthias Oppermann, CEO of Von Roll Holding AG. "We remain focused on strengthening our core business that shows a sound development, and are working on the corresponding strategic alignment of the company."
About Von Roll Holding AG: As one of Switzerland´s longest established industrial companies, Von Roll focuses on products and systems for power generation, transmission and distribution. Von Roll is the global market leader in insulation products, systems and services and is represented in 19 countries with around 3,000 employees at 30 sites.
end of ad-hoc-announcement ========================================== ====================================== This press release is based on information currently available. Unforeseeable risks and influences may lead to discrepancies with statements portrayed here. Furthermore, rounding differences may lead to discrepancies in the reported figures. The release and the consolidated financial statements are originally prepared in German and then translated into English. In the event of any discrepancy, the German version prevails.
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Contact:
Susanne Berger
Corporate Communications
T: +41 44 204 3034, F: +41 44 204 3039, E: press@vonroll.com
Branche: Misc. Industrials
ISIN: CH0003245351
WKN: 324535
Index: SPI, Midcap Market Index
Börsen: SIX Swiss Exchange / Main Standard