EANS-Adhoc: Von Roll Holding AG / Slight upward trend in financial year 2010

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22.03.2011

- Order intake up 13.8% to CHF 540 million
- 0.9% growth in sales to CHF 554 million
- Sales growth at constant exchange rates of 4.3% to CHF 573 million
- Operating EBIT of CHF 10 million

Au / Wädenswil, 22 March 2011 - Von Roll Holding AG published its figures for
the past financial year today. In 2010, the company benefited from increasing
economic growth in the short-cycle low-voltage segment. In contrast, the
development of sales in the late-cycle product segments remained muted.
Order intake was up 13.8% to CHF 540.5 million in 2010. Von Roll increased its
sales by 0.9% to CHF 554.2 million. Adjusted for exchange rate effects, sales
rose by 4.3% to CHF 572.9 million. Operating EBIT was up from CHF 0.6 million to
CHF 10.2 million, and EBIT increased from CHF -8.5 million to CHF 10.8 million.
Net income after taxes amounted to CHF -7.5 million as against CHF -11.3 million
in the previous year. The difference between operating EBIT and net income after
taxes is due to exchange rate effects and tax effects. The equity ratio was 66%
and the operating cash flow amounted to CHF 14.3 million compared with CHF 29.5
million in the same period in the previous year. The decrease was caused by
greater utilisation of working capital as a result of the slight increase in
business. The Board of Directors will propose a suspension of the dividend for
2010 to this year´s General Meeting.

Increase in early-cycle business bolsters traditional segments Von Roll
Insulation and Von Roll Composites
The segments Von Roll Insulation and Von Roll Composites posted sales growth
following a marked increase in demand in the low-voltage segment of the
economy-dependent sectors. The rise in demand for low-voltage products in Asia
in particular had a positive impact on order intake. In contrast, business in
high-income high-voltage products for the long-cycle industry developed slowly.
The decline was due to the ongoing postponement of major power station projects,
particularly by European energy providers.
Von Roll Insulation increased its sales by 0.5% to CHF 357.1 million, and order
intake was up 22.6% to CHF 365.8 million. In this business unit, operating EBIT
increased by more than 100% from CHF 8.8 million to CHF 18.0 million.
Sales of Von Roll Composites rose by 8.4% to CHF 110.6 million and order intake
increased by 17.6% to CHF 116.0 million. Von Roll Composites posted operating
EBIT of CHF 1.4 million compared with CHF -3.5 million in the previous year.

Muted development of long-cycle transformer business
In 2010, Von Roll Transformers saw its sales fall by 10.5% to CHF 82.4 million,
with order intake dropping by 31.3% to CHF 53.4 million. This development was
caused by the business unit´s dependence on long-cycle project business in the
energy supply sector. Operating EBIT totalled CHF 7.0 million.

Outlook for 2011
A change to the Executive Management took place at Von Roll at the end of 2010.
"In 2011, we will chiefly focus on strengthening our core business, with the aim
of improving earning power", says Matthias Oppermann, CEO of Von Roll Holding
AG. Von Roll is also working to further develop the activities of the Von Roll
Water business unit established at the beginning of 2010, and is pressing on
with its research and development work in the solar business.
Order intake in core business developed positively in the first two months of
financial year 2011. Von Roll is expecting demand for short-cycle product lines
of the low-voltage segment of the traditional segments Von Roll Insulation and
Von Roll Composites to continue to rise as a result of sustained economic
growth. Von Roll does not expect the high-income but late-cycle high-voltage
segment to start to recover until the end of 2011 due to the slow increase in
large-scale investment in the energy sector.

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
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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 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. For more detailed information about
the company and its business performance, please refer to the Annual Report of
Von Roll Holding AG available online at www.vonroll.com.

Further inquiry note:
Susanne Berger
Corporate Communications
T: +41 44 204 3034, F: +41 44 204 3039, E: [email protected]
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:        [email protected]
WWW:         http://www.vonroll.ch
sector:      Misc. Industrials
ISIN:        CH0003245351
indexes:     SPI, Midcap Market Index

stockmarkets: Main Standard: SIX Swiss Exchange
language: English

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