Strong Order Recovery#
Interroll Holding AG, a Swiss company, has confirmed its preliminary results for the second half of 2025. The company experienced a notable recovery in orders, primarily driven by increased investments in e-commerce. Orders rose by 12.1%, totaling CHF261.2 million for the second half of the year, which contributed to a full-year order total of CHF545.3 million. The book-to-bill ratio, which compares orders received to revenue generated, was 0.98 in the second half.
Revenue and Profit Declines#
Despite the increase in orders, Interroll's revenue for the second half of 2025 decreased by 4.7% year-over-year, amounting to CHF266.5 million. Additionally, earnings before interest and taxes (EBIT) fell by 7.8% to CHF44.2 million, while net profit dropped by 10.1% to CHF34.7 million. The decline in revenue was largely due to a significant drop in sales of pallet handling solutions, which fell by 47%, and a 2.6% decrease in conveyors and sorters. However, there was growth in other product categories, with rollers increasing by 13.4% and drives by 0.3%.
Profitability and Cash Flow#
The company's profitability in the second half was supported by a recovery in its product business, reflected in an EBIT margin of 16.6%, slightly down from 17.1% in the same period of 2024. Free cash flow for the second half was CHF23.2 million, a decrease from CHF66.3 million in the previous year, primarily due to adjustments in working capital and reduced capital expenditures.
Positive Outlook for 2026#
Looking ahead to 2026, Interroll has expressed optimism, noting signs of market stabilization throughout 2025. This positive outlook is bolstered by increasing demand in the project business, suggesting potential growth opportunities for the company in the coming year.