EANS-Adhoc: Von Roll Holding AG Profit warning for fiscal year 2012
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Financial Figures/Balance Sheet/Profit warning
18.01.2013
- Difficult market conditions in second half-year
- Earnings for 2012 heavily impacted by extraordinary charges
Au / Wädenswil, Switzerland, 18 January 2013 - Due to persistently difficult
market conditions in the second half of 2012, Von Roll Holding AG has recorded
significantly weaker sales in its core markets. Consolidated sales for the 2012
business year declined by 8.5% from CHF 543 million to CHF 497 million, with a
significant 16.4% decline especially in the fourth quarter 2012.
Large and technically demanding projects in the transformer business resulted in
delivery delays and extraordinary expenses. Reorganization and restructuring
projects also impacted transformer business during the second half of 2012.
Furthermore, non-recurring charges and impairment losses on intangible assets
negatively affected the operating result. Von Roll expects a sharp overall
decline for the fiscal year 2012. However, the Von Roll equity ratio continues
to reflect an outstandingly robust balance and financing structure. The results
of the fiscal year 2012 will be published on 18 March 2013.
About Von Roll Holding AG:
Von Roll is an international, medium-sized industrial company specialising in
products and services for electrical insulation, electrical technology and power
transmission and distribution as well as water treatment. Based in Switzerland,
Von Roll has around 3,000 employees and is represented at over 30 production and
distribution sites across the world.
end of ad-hoc-announcement
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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 is originally prepared in German and then translated into
English. In the event of any discrepancy, the German version prevails. For more
detailed information on the company and business development, please see the
Annual and Semi-Annual Report of Von Roll Holding AG. They are available in
digital form at http://www.vonroll.com/en/financial-reports.html.
Further inquiry note:
Susanne Nelsen
Corporate Communications
T: +41 44 204 3034, F: +41 44 204 3039, E: press@vonroll.com
end of announcement euro adhoc
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issuer: Von Roll Holding AG
Steinacherstrasse 101
CH-8804 Au / Wädenswil
phone: +41 (0)44 204 30 34
FAX: +41 (0)44 204 30 39
mail: press@vonroll.com
WWW: http://www.vonroll.ch
sector: Misc. Industrials
ISIN: CH0003245351
indexes: SPI, Midcap Market Index
stockmarkets: Main Standard: SIX Swiss Exchange
language: English