Altdorf, Switzerland - Datwyler Group has reported a 4.3% increase in its “unaudited net revenue” to CHF1.21 billion (€1.1 billion) during 2016.
Adjusted for currency and acquisition effects, this equates to organic growth of 1.4%.
The Swiss company’s Sealing Solutions division increased net revenue by 6.7% to CHF753.3 million, which adjusted for currency and acquisition effects, equates to organic growth of 2.9%.
Within the healthcare market segment, elastomer components for pre-filled syringes and drug delivery systems recorded the biggest growth, said Datwyler.
Additionally, the automotive market segment saw improvements across all geographical regions, while China recovered from the previous year's slowdown in growth.
Also, after several years of declining revenue, the group's Technical Components division reversed a trend in 2016 and slightly increased its net revenue to CHF462.6 million. Adjusted for currency effects, this remains on par with last year in terms of organic growth.
Datwyler "continued to underperform as regards organic revenue growth,” said CEO Dirk Lambrech, offering assurance that “preparatory work already done and measures due to be implemented will see both divisions grow faster than the market in future."
The company will publish its detailed results on 7 Feb, when it will state profit and earning details.