Interroll (INRN) investor relations material

Executive summary

• Order intake increased by 3.9% year-over-year to CHF 295.2 million (+8.5% in local currency), with strong growth in Asia-Pacific and EMEA, while Americas stabilized and North America is expected to improve in H2.

• Sales grew 9.0% year-over-year to CHF 269.9 million (+14.1% in local currency), reflecting solid demand and strategic execution across most regions and product lines.

• EBIT declined by 2.2% to CHF 27.0 million (10.0% margin), mainly due to higher investments in innovation, acquisition costs, and amortization.

• Net profit was CHF 19.8 million (margin 7.3%), down 6.6% year-over-year, impacted by higher tax expenses and one-off effects.

• Integration of Royal Apollo and Sortteq expanded product offerings and service capabilities, especially in spiral conveyor technology and sortation.

Financial highlights

• EBITDA rose 3.4% year-over-year to CHF 39.9 million (margin 14.8%).

• Operating cash flow surged 80.7% to CHF 39.4 million, driven by working capital improvements.

• Free cash flow was negative at CHF -19.4 million due to acquisition-related outflows.

• Total assets rose to CHF 686 million, mainly due to acquisitions and continued investments.

• Net cash position at end of June was CHF 172 million, reflecting strong financial resilience despite acquisition outflows.

Outlook and guidance

• Business momentum is expected to continue improving in H2, with Americas sales reorganization and Royal Apollo integration supporting growth.

• No formal quantitative guidance provided, but management expects continued positive momentum and normalization of tax rate.

• CapEx will be higher than usual, above CHF 20 million, due to productivity and new product ramp-up.

• Long-term growth drivers include automation, digitalization, and labor shortages.