ERJ staff report (DS)
Altdorf, Switzerland -- The Daetwyler Group said it continued to grow on a currency-adjusted basis in 2011.
In the Sealing Technologies Division, revenue increased by 7.0 percent to CHF 162.0 million (euro 134 million) (previous year: CHF 151.4 million). After adjustment for the negative currency effect, organic revenue grew by 10.7 percent. The company said this was due in part to a new series of standardised products for the automotive industry and the expanded cooperation with Nespresso.
The Cabling Solutions Division generated currency-adjusted growth of 5.5 percent. As measured in Swiss francs, net revenue decreased slightly by 1.1 percent to CHF 240.9 million (previous year: CHF 243.6 million). Once again, the division enjoyed dynamic sales growth in China, where Datwyler managed to increase its market share. In Europe revenue trends varied considerably from country to country and region to region, with Switzerland leading the field and the countries of southern Europe bringing up the rear.
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Press release from Daetwyler