Interroll Holding AG / Key word(s): Development of Sales/Profit Warning
Sant'Antonino, Switzerland, June 22, 2022. Despite a promising start to the year and a positive development in sales, Interroll is lowering its outlook for operating profit 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 COVID-19 pandemic and increasingly improved availability of materials. However, the supply chain situation again deteriorated in the second quarter of 2022, related in part to the strict COVID-19 lockdown in China. In this context and due to the war in Ukraine, Interroll also noted a number of project postponements by customers and end users. This is due to their impaired supply chains, postponements in installation or short-term adjustments in investment activity. It should be emphasized that, with a very high order backlog, project cancellations for Interroll have so far occurred only to a very limited extent.
The price increases implemented in 2021 will also have a delayed effect due to the continuing high order backlog. The operating result announced for the first half of 2022 on the occasion of the publication of the 2021 annual results on March 18, 2022 will therefore be lower than in the second half of 2021. Due to a time horizon that is difficult to assess with regard to normalization of the situation, Interroll is currently refraining from providing an outlook for the full 2022 financial year. In the medium term, however, the company sees all fundamental trends for global demand for material-handling solutions remaining intact and is appropriately prepared for future growth with a leading technology platform and capacities.
Financial calendar 2022
August 2 Publication of the 2022 half-year report and web conference (in English)
The Interroll Group is the world's leading provider of material handling solutions. The company was founded in 1959 and has been listed on the SIX Swiss Exchange since 1997. Interroll supplies system integrators and plant engineers with a comprehensive range of platform-based products and services in the categories "Rollers" (conveyor rollers), "Drives" (motors and drives for conveyor systems), "Conveyors & Sorters" (conveyors and sorters) and "Pallet Handling" (pallet conveying and storage). Interroll solutions are used in express and postal services, e-commerce, airports, food & beverage, fashion, automotive and other industries. The company counts leading brands such as Amazon, Bosch, Coca-Cola, DHL, Nestlé, Procter & Gamble, Siemens, Walmart and Zalando among its users. Headquartered in Switzerland, Interroll has a global network of 35 companies with sales of CHF 640.1 million and 2,600 employees (2021).
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|Company:||Interroll Holding AG|
|Via Gorelle 3|
|Phone:||+41 91 850 25 25|
|Fax:||+41 91 850 25 55|
|Listed:||SIX Swiss Exchange|
|EQS News ID:||1380763|
|End of Announcement||EQS News Service|
1380763 22-Jun-2022 CET/CEST