Interroll was able to maintain the previous year's good result in the financial year 2020: Although net sales fell to CHF 530.6 million (-5.2% year-on-year, in local currencies +0.9%) due to the strong Swiss franc, incoming orders increased to CHF 547.8 million (+0.3% year-on-year, +6.6% in local currencies). In terms of the result, a strong increase compared to the previous year is expected. Based on the positive development in the second half of 2020, the Group is confident about the financial year 2021. Sales in consolidated currency reached CHF 530.6 million (-5.2% year-on-year) and exceeded the previous year by 0.9% in local currency. A weak order intake in the second half of 2019 as well as clearly noticeable currency effects had a negative impact on the revenue development. In addition, Interroll was affected by project postponements, particularly in the first half of the year due to the pandemic, but not by project cancellations. Accordingly, the project business again recorded a growing share of total revenue in the second half of the year.
Order intake in 2020 was CHF 547.8 million in consolidated currency (+0.3% year-on-year) and increased by +6.6% year-on-year in local currency. Increasing business momentum in the markets was observed in the second half of the year.
In terms of the result, Interroll expects a strong increase compared to the previous year's figure; the company once again made substantial gains in EBITDA and EBIT.
"Interroll has successfully countered the persistently very challenging market environment with highly motivated employees, innovation, a global market presence, great customer proximity, and consistent productivity improvements," explains Paul Zumbühl, CEO, Interroll Worldwide Group. "We are cautiously optimistic about the new year and anticipate positive momentum in the global markets for material handling solutions over the year as a whole. “
The complete Interroll Annual Report 2020 with the final audited figures will be presented at the Annual Media Conference on March 19, 2021.
Disclaimer
This press release has been made public and sent to subscribers at the same time. Interroll declines any responsibility for delays caused by recipient communication problems.
Order intake in 2020 was CHF 547.8 million in consolidated currency (+0.3% year-on-year) and increased by +6.6% year-on-year in local currency. Increasing business momentum in the markets was observed in the second half of the year.
In terms of the result, Interroll expects a strong increase compared to the previous year's figure; the company once again made substantial gains in EBITDA and EBIT.
"Interroll has successfully countered the persistently very challenging market environment with highly motivated employees, innovation, a global market presence, great customer proximity, and consistent productivity improvements," explains Paul Zumbühl, CEO, Interroll Worldwide Group. "We are cautiously optimistic about the new year and anticipate positive momentum in the global markets for material handling solutions over the year as a whole. “
The complete Interroll Annual Report 2020 with the final audited figures will be presented at the Annual Media Conference on March 19, 2021.
Disclaimer
This press release has been made public and sent to subscribers at the same time. Interroll declines any responsibility for delays caused by recipient communication problems.
