OREANDA-NEWS. Looser Holding AG, headquartered in Arbon (Switzerland), generated net revenues of CHF 436.4 million (prior year: CHF 487.4 million) in the financial year 2015. This figure includes revenues of the Temperature Control segment (Single Group) up until the end of November 2015 (11 months) in the amount of CHF 29.8 million. After adjustments for currency and divestment effects, revenues declined by 2.1 percent from the prior year. Excluding the Temperature Control segment, consolidated 2015 revenues would have amounted to CHF 406.6 million, compared to CHF 449.6 million in the financial year 2014 (-9.6 percent).

Development of segment revenues

Net revenues in the Coatings segment declined by 16.3 percent from the prior year. After currency adjustments, revenues decreased by 14.2 percent from 2014. Net revenues in the Industrial Services segment fell by 5.3 percent and by 4.2 percent after currency adjustments. Revenues in the Doors segment were 5.9 percent lower than in the previous year. After currency adjustments, however, a 7.3 percent revenue growth was recorded.

Earnings outlook

Due to the change in accounting standards to Swiss GAAP FER, the intangible assets of the Temperature Control segment had been amortized in full over their useful lives at the time of disposal. Therefore, the sale of the Single Group resulted in a significant gain and the operating result (EBITDA) as well as the operating margin for 2015 are expected to significantly exceed the prior year figures. Excluding this gain on divestment, however, the EBITDA and EBITDA margin reported will be lower than in the previous year.

The financial statements and full annual report for 2015 will be published on the occasion of the media and analysts conference on 17 March 2016.

Revenues of the Looser Group according to Swiss GAAP FER (all figures unaudited and preliminary)

(Amounts in thousands of CHF)

 

Jan 1 to
Dec 31, 2015

Jan 1 to
Dec 31, 2014

in %

Net revenues Looser Group

436,418

487,449

-10.5

Change after adjustments for currency and divestment effects

    

-2.1

Net revenues Coatings segment

139,561

166,718

-16.3

Change after adjustments for currency effects

    

-14.2

Net revenues Industrial Services segment

56,020

59,163

-5.3

Change after adjustments for currency effects

    

-4.2

Net revenues Doors segment

215,056

228,491

-5.9

Growth after adjustments for currency effects

    

+7.3

Net revenues Temperature Control segment

29,7781

37,8402

--

1For 11 months

2For 12 months

Looser Holding AG is an international industrial holding company headquartered in Arbon (Switzerland). The corporate group is active in the Coatings, Industrial Services and Doors sectors. Around 2,130 employees work for the group in 17 operational facilities in Europe, Asia and the U.S.A. Looser Holding AG’s registered shares are listed on the SIX Swiss Exchange (International Reporting Standard). 

Financial calendar 2016

March 17, 2016

2015 results press release
 

Media and analysts conference on 2015 results,
 

publication of annual report 2015

April 21, 2016

Looser Holding AG, 11th general meeting

May 3, 2016

Q1/2016 results press release

August 16, 2016

2016 mid-year results press release,
 

publication of mid-year report 2016

November 2, 2016

Q3/2016 press release