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Geschaeftsbericht_2011_Titel_en_Druck 27.02.2012 27.02.12 10:02 Seite 1 ANNUAL REPORT 2 011 Profile of the Interroll Group The Interroll Group is acknowledged as one of the world’s leading specialists within the field of internal logistics. Headquartered in Sant’Antonino, Switzer- land, the exchange-listed company employs around 1,500 people at 28 enter- prises around the globe. Among the company’s 23,000 customers world- wide are plant manufacturers, system integrators, multinational corporations and end-users. Designed as space-saving and energy-efficient solutions, Interroll products perform key functions in material handling systems from pro- duction through to distribution: Drum Motors for belt conveyors, Rollers and RollerDrives for conveyor units, flow storage modules for pallet and container racking systems at distribution centres, Crossbelt Sorters, Belt Curves and other conveyor modules. The main fields of application include the food indus- INTERROLL ANNUAL REPORT 2011 try, airport logistics, courier/express/postal services, distribution centres and industrial manufacturers operating in various segments of the market. www.interroll.com Geschaeftsbericht_2011_Titel_en_Druck 27.02.2012 27.02.12 10:02 Seite 1 ANNUAL REPORT 2 011 Profile of the Interroll Group The Interroll Group is acknowledged as one of the world’s leading specialists within the field of internal logistics. Headquartered in Sant’Antonino, Switzer- land, the exchange-listed company employs around 1,500 people at 28 enter- prises around the globe. Among the company’s 23,000 customers world- wide are plant manufacturers, system integrators, multinational corporations and end-users. Designed as space-saving and energy-efficient solutions, Interroll products perform key functions in material handling systems from pro- duction through to distribution: Drum Motors for belt conveyors, Rollers and RollerDrives for conveyor units, flow storage modules for pallet and container racking systems at distribution centres, Crossbelt Sorters, Belt Curves and other conveyor modules. The main fields of application include the food indus- INTERROLL ANNUAL REPORT 2011 try, airport logistics, courier/express/postal services, distribution centres and industrial manufacturers operating in various segments of the market. www.interroll.com KEY FIGURES OF THE INTERROLL GROUP INFORMATION FOR INVESTORS in CHF million, if not noted differently 2011 2010 2009 2008 2007 The shares of Interroll Holding AG have been listed at the Swiss Exchange SIX since June 5th, 1997 (Investdata: INRN; Reuters; INRN.S; Security number: 637,289). Incoming orders/net sales Total incoming orders 288.7 285.2 238.9 347.8 375.9 2011 2010 2009 2008 2007 Interroll Holding Ltd. Drives 95.1 97.9 82.9 114.7 124.1 Information on the Interroll share Via Gorelle 3 Rollers 83.2 79.1 73.3 104.0 108.7 Number of registered shares 854 000 854 000 854 000 854 000 854 000 Conveyors & Sorters 42.8 52.1 33.6 61.5 64.8 6592 Sant’Antonino, Switzerland Pallet- & Carton Flow 50.8 53.9 44.3 77.7 73.2 Number of average outstanding shares 791 452 775 724 771 475 762 323 780 715 Tel. +41 91 850 25 25 Total net sales 271.9 283.1 234.0 357.9 370.9 Number of outstanding shares per (31.12.) 793 901 779 600 771 775 768 958 762 112 Fax +41 91 850 25 05 www.interroll.com Profitability Market price: highest CHF 450 371 320 581 632 www.interroll.com/ir (Investor Relations) EBITDA 36.2 35.8 18.8 58.2 67.5 Market price: lowest CHF 271 267 173 215 420 in % of net sales 13.3 12.6 8.0 16.3 18.2 Market price: per year end CHF 279 368 307 256 581 Contact EBITA 25.7 24.8 8.0 48.0 56.6 in % of net sales 9.5 8.8 3.4 13.4 15.3 Paul Zumbühl Market capitalization per 31.12. Mio. CHF 221.50 286.89 236.55 196.85 442.79 EBIT 20.4 20.4 3.1 43.4 45.2 CEO in % of net sales 7.5 7.2 1.3 12.1 12.2 Tel. +41 91 850 25 25 P/E Ratio Ratio 12.25 19.79 41.37 5.82 13.15 Result 18.2 14.4 5.7 33.8 31.9 [email protected] in % of net sales 6.7 5.1 2.4 9.5 8.6 Interroll Share Price (yellow curve) compared to SPI/SXGE (black curve) Cash Flow Operating cash flow 14.5 18.7 20.4 41.9 68.5 © Swissquote in % of net sales 5.3 6.6 8.7 11.7 18.5 61 % 700 Free cash flow –5.6 –8.5 –6.0 18.6 42.7 38 % 600 in % of net sales –2.1 –3.0 –2.6 5.2 11.5 15 % 500 Total investments/capital expenditures 19.6 26.4 22.9 22.4 24.0 – 8 % 400 Balance sheet Total assets 239.2 211.3 215.7 236.8 255.1 – 31 % 300 Goodwill in % of equity 6.3 7.3 8.3 7.9 9.2 – 54 % 200 – 77 % 100 Net financial assets (debts) –17.6 –12.9 –4.2 4.4 –6.1 Gearing (net debts/equity) 0.12 0.10 0.03 – 0.05 2007 2008 2009 2010 2011 Indebtedness factor (net debts/cash flow) 1.21 0.69 0.20 – 0.09 2011 2010 2009 2008 2007 Equity 143.3 127.5 133.0 130.7 124.9 Impressum Values per share (in CHF) Equity ratio (equity in % of assets) 59.9 60.3 61.7 55.2 49.0 Par value as per year end 10.00 10.00 15.00 20.00 30.50 Return on equity (in %) 13.4 11.1 4.3 26.5 26.7 Reduction of par value 5.00 5.00 10.50 Concept and coordination: Distribution out of reserves from capital contributions* 7.00 5.00 Interroll Holding Ltd., Investor Relations Other key figures Pay out ratio 30.45 26.89 67.48 11.36 23.77 Layout/DTP: RONA (Return on net assets, in %) 9.9 10.4 1.6 22.3 22.6 Earnings per average share outstanding 22.99 18.59 7.41 44.00 44.17 Victor Hotz AG, Corporate Publishing & Print, Steinhausen Cash flow per average share outstanding (CHF 1) 18.34 24.09 26.43 54.94 87.77 Average number of employees 1 340 1 255 1 206 1 315 1 275 Equity per share outstanding as per year end 180.48 163.49 172.36 170.01 163.89 This annual report is also available in German. Net sales per employee (in thousands CHF) 203 226 194 272 291 * The distribution out of reserves from capital contributions in the year under review is proposed by the board of directors The German version is binding. Productivity (Added value/total personnel expenses) 1.77 1.98 1.66 2.21 2.14 for the annual general assembly of May 11th, 2012. KEY FIGURES OF THE INTERROLL GROUP INFORMATION FOR INVESTORS in CHF million, if not noted differently 2011 2010 2009 2008 2007 The shares of Interroll Holding AG have been listed at the Swiss Exchange SIX since June 5th, 1997 (Investdata: INRN; Reuters; INRN.S; Security number: 637,289). Incoming orders/net sales Total incoming orders 288.7 285.2 238.9 347.8 375.9 2011 2010 2009 2008 2007 Interroll Holding Ltd. Drives 95.1 97.9 82.9 114.7 124.1 Information on the Interroll share Via Gorelle 3 Rollers 83.2 79.1 73.3 104.0 108.7 Number of registered shares 854 000 854 000 854 000 854 000 854 000 Conveyors & Sorters 42.8 52.1 33.6 61.5 64.8 6592 Sant’Antonino, Switzerland Pallet- & Carton Flow 50.8 53.9 44.3 77.7 73.2 Number of average outstanding shares 791 452 775 724 771 475 762 323 780 715 Tel. +41 91 850 25 25 Total net sales 271.9 283.1 234.0 357.9 370.9 Number of outstanding shares per (31.12.) 793 901 779 600 771 775 768 958 762 112 Fax +41 91 850 25 05 www.interroll.com Profitability Market price: highest CHF 450 371 320 581 632 www.interroll.com/ir (Investor Relations) EBITDA 36.2 35.8 18.8 58.2 67.5 Market price: lowest CHF 271 267 173 215 420 in % of net sales 13.3 12.6 8.0 16.3 18.2 Market price: per year end CHF 279 368 307 256 581 Contact EBITA 25.7 24.8 8.0 48.0 56.6 in % of net sales 9.5 8.8 3.4 13.4 15.3 Paul Zumbühl Market capitalization per 31.12. Mio. CHF 221.50 286.89 236.55 196.85 442.79 EBIT 20.4 20.4 3.1 43.4 45.2 CEO in % of net sales 7.5 7.2 1.3 12.1 12.2 Tel. +41 91 850 25 25 P/E Ratio Ratio 12.25 19.79 41.37 5.82 13.15 Result 18.2 14.4 5.7 33.8 31.9 [email protected] in % of net sales 6.7 5.1 2.4 9.5 8.6 Interroll Share Price (yellow curve) compared to SPI/SXGE (black curve) Cash Flow Operating cash flow 14.5 18.7 20.4 41.9 68.5 © Swissquote in % of net sales 5.3 6.6 8.7 11.7 18.5 61 % 700 Free cash flow –5.6 –8.5 –6.0 18.6 42.7 38 % 600 in % of net sales –2.1 –3.0 –2.6 5.2 11.5 15 % 500 Total investments/capital expenditures 19.6 26.4 22.9 22.4 24.0 – 8 % 400 Balance sheet Total assets 239.2 211.3 215.7 236.8 255.1 – 31 % 300 Goodwill in % of equity 6.3 7.3 8.3 7.9 9.2 – 54 % 200 – 77 % 100 Net financial assets (debts) –17.6 –12.9 –4.2 4.4 –6.1 Gearing (net debts/equity) 0.12 0.10 0.03 – 0.05 2007 2008 2009 2010 2011 Indebtedness factor (net debts/cash flow) 1.21 0.69 0.20 – 0.09 2011 2010 2009 2008 2007 Equity 143.3 127.5 133.0 130.7 124.9 Impressum Values per share (in CHF) Equity ratio (equity in % of assets) 59.9 60.3 61.7 55.2 49.0 Par value as per year end 10.00 10.00 15.00 20.00 30.50 Return on equity (in %) 13.4 11.1 4.3 26.5 26.7 Reduction of par value 5.00 5.00 10.50 Concept and coordination: Distribution out of reserves from capital contributions* 7.00 5.00 Interroll Holding Ltd., Investor Relations Other key figures Pay out ratio 30.45 26.89 67.48 11.36 23.77 Layout/DTP: RONA (Return on net assets, in %) 9.9 10.4 1.6 22.3 22.6 Earnings per average share outstanding 22.99 18.59 7.41 44.00 44.17 Victor Hotz AG, Corporate Publishing & Print, Steinhausen Cash flow per average share outstanding (CHF 1) 18.34 24.09 26.43 54.94 87.77 Average number of employees 1 340 1 255 1 206 1 315 1 275 Equity per share outstanding as per year end 180.48 163.49 172.36 170.01 163.89 This annual report is also available in German.