Datwyler posts higher sales, record profit

Datwyler QC 600Altdorf, Switzerland – Datwyler Group has posted an 11.3% year-on-year rise in operating profit (EBIT) to CHF162.6 million (€140.3 million) in 2017, on net revenues 6.2% higher at CHF1,291.4 million.

The earnings figure was a record for the Swiss group and equated to an EBIT margin of 12.6%, according to Datwyler’s results announcement issued 6 Feb.

Adjusted for positive currency and acquisition effects, the resulting organic revenue growth was 2.9%. Before CHF9.9 million in one-off costs…

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