Von Roll posts net loss of SFr86 million

The company posted a net loss of SFr86 million for 2001 Keystone Archive

The Swiss industrial group, Von Roll, has posted a net loss of SFr86 million for 2001, as compared to net profits of SFr6 million recorded for the previous year.

This content was published on May 28, 2002

According to a company statement published on Tuesday, the Zurich-based group said sales had dropped by 2.5 per cent to SFr1.6 billion, with order intake sinking by 9 per cent to SFr1.7 billion.

The company said it had not achieved its financial goals for 2001 owing to the "unexpectedly severe recession in key markets" in the second half of the year.

The Von Roll Infratec and Von Roll Isola divisions were particularly badly affected, owing to falling demand in the automotive, machinery, equipment manufacture and electronic segments.

However, operating results remained similar to last year at SFr3 million, thanks to "efforts to boost profitability", Von Roll said.

In a bid to cut costs, staffing levels were reduced by 9 per cent in 2001 to 5,673 employees, with a further cut of 1 per cent due this year. This had yielded SFr40 million in cost savings.

Martin Messmer, the CEO of the Von Roll Group, said the "sharp tumble...was regrettable", but he added that the company's products continued to be well received in the market.

swissinfo with agencies

In compliance with the JTI standards

In compliance with the JTI standards

More: SWI certified by the Journalism Trust Initiative

Contributions under this article have been turned off. You can find an overview of ongoing debates with our journalists here. Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at

Change your password

Do you really want to delete your profile?

Your subscription could not be saved. Please try again.
Almost finished... We need to confirm your email address. To complete the subscription process, please click the link in the email we just sent you.

Discover our weekly must-reads for free!

Sign up to get our top stories straight into your mailbox.

The SBC Privacy Policy provides additional information on how your data is processed.