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Sant`Antonino, Switzerland, June 16, 2023. Despite a good start of the new year and a positive development in order intake compared to the second half of 2022, Interroll lowers its expectations for the operating result in the first half of 2023 and for the full year 2023 compared to the previous year.
After a promising start of the year, Interroll was initially cautiously optimistic for the financial year 2023, but has pointed out, that economic developments will need to be monitored. The year started with a lower order backlog and the inventory level for customers in the product business was significantly higher compared to the previous year. The forecast was that this reduction would be completed by the end of Q1 2023.
However, it has become apparent that there have been further postponements of end-customer projects, resulting in a delayed reduction of inventories. In addition, there is a general economic slowdown specifically in EMEA, while a recovery in Asia-Pacific is slow and delayed. The Americas region continues to develop positively.
Also the Swiss franc, due to its developments also has a not insignificant impact on the consolidated sales. The result for the first half of 2023 will therefore be lower compared to the previous year.
We continue to monitor the development of the pipeline and see the temporary postponement of projects as a consequence of the actual current demand. However, in the medium term, Interroll sees all fundamental drivers intact and an increased global demand for material handling solutions is expected. Interroll is therefore very well equipped for future growth with a leading technology platform and capacities.
Contact
Heinz Hössli
Chief Financial Officer
+41 91 850 25 44
Via Gorelle 3 │ 6592 Sant'Antonino │ Switzerland
investor.relations@interroll.com
www.interroll.com
