News Release from Von Roll Schweiz AG

Wind Industry Profile of

Von Roll Schweiz AG

03/15/2023

Von Roll presents positive business figures on the occasion of its 200th anniversary

Net sales: CHF 227.7 m / Operating result (EBIT) of CHF 14.8 m (EBIT margin 6.5 percent) / Operating cash flow of CHF 24 m / Earnings after taxes (EAT): CHF 9.6 m

Just in time for its 200th anniversary, the Von Roll Group is in good shape. Despite challenging macroeconomic conditions, the long-established Swiss company’s net sales for the 2022 financial year came to CHF 227.7 million (2021: CHF 218.6 million). At constant exchange rates, this resulted in organic sales growth of CHF 12.4 million (+5.7 percent) compared to the previous year. Order intake also developed positively at CHF 242.1 million, with Von Roll AG benefiting from the ongoing energy and mobility transition.

The operating result (EBIT) amounted to CHF 14.8 million, corresponding to an EBIT margin of 6.5 percent. In the previous year, the operating result was CHF 21.9 million. However, this included the proceeds from the sale of properties in the amount of CHF 6.7 million as well as other one-off effects.

The cash flow from operating activities was CHF 24.0 million (2021: CHF 0.2 million).

The Group result after tax (EAT) was CHF 9.6 million. In the same period of the previous year, the Group result after tax amounted to CHF 30.8 million, but included one-off effects of CHF 19.6 million from the sale of properties in Switzerland, among other things.

In the 2023 financial year to date, the Von Roll Group has recorded a significant increase in incoming orders. Overall, the company expects robust demand in its core markets and continued positive business development in the current year.

Key figures Von Roll
in CHF 1 000	2022	2021
Incoming orders	242 134	234 795
Net Sales	227 719	218 637
from Insulation	165 923	157 726
from Composites	61 796	60 911
Operating result (EBIT)	14 796	21 903
Earnings before interest, taxes, depreciation and amortization	27 610	49 796
Earnings after taxes (EAT)	9 620	30 807
Cash flow from operating activities	23 997	164
Equity ratio (per 30.6.)	78.8%	75.9%
Headcount (FTE)	912	911

About Von Roll Holding AG

Founded in 1823, Von Roll is one of the longest established companies in Switzerland. In the course of the company’s history, Von Roll had to adapt several times to changing market environments and has evolved from Switzerland’s largest steel and iron works into a high-tech industrial company that is driving the energy revolution.

Today, Von Roll is the global market leader for electrical insulation systems that are used for the largest wind turbines. It develops high-performance materials for the next generation of batteries in the field of e?mobility and produces extremely durable lightweight components for the aircraft industry. With 14 locations worldwide and around 1.000 employees, the group serves customers in more than 80 countries.