Incoming orders and operating result
Interroll lowers expectations for 2022
Despite a promising start to the year and a positive sales trend, Interroll is lowering its outlook for the operating result in the first half of 2022.
With a good start to the 2022 financial year, Interroll had initially assumed a further recovery trend in the markets following the coronavirus pandemic and increasingly improved material availability. However, the company has now announced that the situation in the supply chains deteriorated again in the second quarter of 2022, partly in connection with the strict Covid-19 lockdown in China. In this context and the war in Ukraine, Interroll also noted some project postponements by customers and end users. This was due to their impaired supply chains, postponements in installation or short-term adjustments to investment activity. It should be emphasized that with a very high order backlog, project cancellations for Interroll have so far been very low.
The price increases implemented in 2021 will also have a delayed effect due to the persistently high order backlog. The operating result for the first half of 2022, which was announced at the publication of the 2021 annual results on March 18, 2022, will therefore be lower than in the second half of 2021. Due to the difficulty of estimating the time horizon for a normalization of the situation, Interroll is currently refraining from providing an outlook for the entire 2022 financial year. In the medium term, however, the company believes that all fundamental trends in global demand for material handling solutions remain intact and is prepared for future growth with a leading technology platform and capacities.
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