Datwyler Corona Pandemic Update
Healthcare, Food & Beverage and online distributor Reichelt with high workload - capacity adjustments in the Mobility plants(PresseBox) (Altdorf, )
In the Mobility business unit, Datwyler is adjusting capacity, cost structures and capital expenditure in response to declining demand and the closure of several customers' plants due to the corona pandemic. This will lead to short-time working and in some cases to temporary plant closures. The situation is normalising at the plants in China.
Due to the uncertainties caused by the corona pandemic, a reliable forecast for the 2020 financial year is no longer possible. Thanks to its high liquidity of some CHF 200 million, unused credit lines of CHF 330 million and the low level of debt, Datwyler continues to drive forward its strategic growth projects and will emerge from the crisis stronger than before.