Order Intake for Von Roll up in Q1 2010
Au/Wädenswil, 2010-4-22
- Sales down 8% to CHF 143 million compared with the same period last year
- Order intake up 15% to CHF 139 million
- Sales rise by 6% and order intake up 16% on previous quarter
Von Roll Holding AG, one of Switzerland's longest established industrial companies, posted solid results in the first quarter of 2010.
Company sales fell by 8% to CHF 143 million compared with the same period last year, while order intake rose by 15% to CHF 139 million. Sales in the first quarter of 2010 were up 6% compared to the fourth quarter of 2009 (from CHF 135 million). Order intake rose by 16% (up from CHF 120 million).
Thomas Limberger, CEO and Chairman of the Board of Directors: "The sharp rise in our order intake is a positive sign, indicating a gradual recovery and a return to stronger market demand. We were able to further expand our market share and remain confident that group sales and profits will continue to rise, particularly in the second half of the year."
Sales in the Von Roll Insulation segment fell by 16% to CHF 90 million, while new orders in the same segment rose by 27% to CHF 99 million. In the Composites segment, first-quarter sales increased by 8% to CHF 28 million, while order intake was up sharply by 38% to CHF 29 million. Sales in the Transformers segment rose by 9% to CHF 25 million. Due to the usual sporadic nature of orders in the Transformers segment, new orders were down 50% to CHF 11 million in the first quarter of 2010. On the back of continued strong demand, Von Roll will work at near capacity until the end of the year. Von Roll will therefore push forward with its plans to further expand its capacity. All signs point to growth at Von Roll Transformers.
"We are quite satisfied with our start to 2010," says Thomas Limberger. "When the recovery takes hold, we are well-positioned thanks to the measures put in place last year to boost efficiency within the company."
in CHF Million |
Q1-2010 |
Q1-2009 |
Growth |
| Sales | 143 | 156 | -8% |
| thereof Insulation | 90 | 107 | -16% |
| thereof Composites | 28 | 26 | 8% |
| thereof Transformers | 25 | 23 | 9% |
Order Intake |
139 |
121 |
15% |
| thereof Insulation | 99 | 78 | 27% |
| thereof Composites | 29 | 21 | 38% |
| thereof Transformers | 11 | 22 | -50% |
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.
Press and Investors:
Sven Ohligs, Head of Communications & Investor Relations
T: +41 44 204 3034, F: +41 44 204 3039, E: press@vonroll.com
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.