Sales down, incoming orders up
Interroll maintains good result from the previous year
Interroll was able to maintain the good result of the previous year in the 2020 financial year: although net sales fell to CHF 530.6 million (-5.2% compared to the previous year, +0.9% in local currencies) due to the strong Swiss franc, order intake increased to CHF 547.8 million (+0.3% compared to the previous year, +6.6% in local currencies). A marked increase in earnings compared to the previous year is expected. Based on the positive development in the second half of 2020, the Group says it is confident about the 2021 financial year.
Sales in consolidated currency amounted to CHF 530.6 million (-5.2% compared to the previous year) and exceeded the previous year in local currency by 0.9%. A weak order intake in the second half of 2019 and clearly noticeable currency effects had a negative impact on sales 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 recorded a growing share of total sales again in the second half of the year.
Order intake in 2020 amounted to CHF 547.8 million in consolidated currency (+0.3% compared to the previous year) and increased by +6.6% in local currency compared to the previous year. Increasing business momentum was seen in the markets in the second half of the year. Interroll expects a marked increase in earnings compared to the previous year; the company has once again made strong gains in EBITDA and EBIT.
"Interroll has successfully countered the persistently very challenging market environment with highly motivated employees, innovation, global market presence, close customer proximity and consistent productivity improvements," explains Paul Zumbühl, CEO Interroll Worldwide Group, adding: "We are cautiously optimistic about the new year and expect positive momentum in the global markets for material handling solutions for the year as a whole." The full 2020 Annual Report with the final, audited figures will be presented at the annual media conference on March 19.
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