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Press release Box-ID: 1000865

Dätwyler Holding AG Gotthardstr. 31 6460 Altdorf, Switzerland http://www.daetwyler.ch
Contact Mr Guido Unternährer +41 41 875 19 00
Company logo of Dätwyler Holding AG
Dätwyler Holding AG

Datwyler Corona Pandemic Update

Healthcare, Food & Beverage and online distributor Reichelt with high workload - capacity adjustments in the Mobility plants

(PresseBox) ( Altdorf, )
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.

Dätwyler Holding AG

Datwyler - leading provider of high-quality, system-critical elastomer components
Datwyler is focusing on high-quality, system-critical elastomer components and has leading positions in attrac-tive global markets such as healthcare, mobility, oil & gas and food & beverage. With its recognized core com-petencies and technological leadership, the company delivers added value to customers in the markets served. Datwyler concentrates on markets that offer opportunities to create more value and sustain profitable growth. With a global presence with more than 20 operating companies, sales in over 100 countries and more than 7'000 employees Datwyler, headquartered in Switzerland, generates annual sales of more than CHF 1'000 million. The Group has been listed on the SIX Swiss Exchange since 1986 (security no. 3048677).

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The publisher indicated in each case is solely responsible for the press releases above, the event or job offer displayed, and the image and sound material used (see company info when clicking on image/message title or company info right column). As a rule, the publisher is also the author of the press releases and the attached image, sound and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.