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.
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).
Dätwyler Holding AG
Gotthardstr. 31
CH6460 Altdorf
Telefon: +41 (41) 8751304
Telefax: +41 (41) 8751205
http://www.daetwyler.ch
Head Corporate Communications
Telefon: +41 (41) 87519-00
Fax: +41 (41) 87512-05
E-Mail: guido.unternaehrer@daetwyler.ch
