Daetwyler Holdings reports record results for 2007

ERJ staff report (DS)

Altdorf, Switzerland -- In 2007 the Daetwyler Group recorded a record result. Net revenue increased 17.7% to CHF 1.429.4 million (Euro 914 million). Group profit for 2007 came in at CHF 219.5 million (Euro 140 million) of which CHF 108.0 million resulted from the sale of the Precision Tubes Division. /p>

The company did not break down the results by division, but wil hold a telephone conference call on 31 March to give further details.

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Press release from Daetwyler Group