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Datwyler posts 15% rise in earnings

Altdorf, Switzerland – Datwyler Group has posted strong financial results for the full year 2016 as net revenue rose 4.3% to CHF1.21 billion (€1.1 billion) while earnings spiked 15% to CHF146.1 million.

EBIT margin, said the Swiss rubber engineering group on 7 Feb, reached a record high of 12.0% in 2016. Profit (net result) rose by more than 42% to CHF116.9 million compared to the figure in 2015.

The Sealing Solutions division performed well with a 6.7% year-on-year increase in net revenue year to CHF753.3 million.  Operating…

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