Datwyler Corona Pandemic Update

Datwyler does everything possible to protect the health of its employees, combat the spread of the coronavirus, and prevent interruptions to business operations. The low cyclical and solidly growing Healthcare and Food & Beverage businesses and online distributor Reichelt have high order vol-umes and capacity utilization. These three businesses together account for more than 60% of net revenue from continuing Datwyler operations. The Healthcare plants are part of essential manufac-turing activities worldwide and are still operating, in compliance with strict rules of behaviour and hy-giene. From today's perspective, the supply chain to suppliers and customers is ensured for all Dat-wyler plants.

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.