Daetwyler reports higher sales, profits

ERJ staff report (DS)

Altdorf, Switzerland — In 2010, the Datwyler Group increased its net revenue by 17.6 percent to CHF 1,319.5 million (euro 1025 million) in an environment of economic recovery. The net result rose by 54.2 percent to CHF 98.2 million (euro 76.3 million) . The EBIT margin was 9.7 percent. The company said it expects to relocate about 100 jobs from its Swiss Cables site in Altdorf to China. Datwyler expects all four divisions to experience healthy demand in 2011.

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