Annual Results 2023
Temporary margin pressure due to loss of the COVID business and under-utilization
Finance | February 7, 2024
Strong project pipeline as the basis for scaling the business model – Despite the almost complete loss of the high-margin COVID business and a significantly negative currency effect, Datwyler achieved maintained revenue of CHF 1’151.5 million and an EBIT margin of 10.5% in 2023. The Annual General Meeting will be asked to approve a cash dividend of CHF 3.20 per bearer share. Despite a challenging environment, Datwyler is cautiously optimistic for 2024 and aims to achieve low single-digit percentage organic revenue growth and an improved EBIT margin. Based on the strong project pipeline, the focus for the future is clearly set on profitable organic growth by scaling the business model and production capacities.
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The financial reports, presentations and media releases contain forward-looking statements. These statements reflect the Group’s current assessment of market conditions, economic developments and future events. However, these forward-looking statements are subject to economic, regulatory and political risks, uncertainties, assumptions and other factors over which Datwyler has no control. Unforeseen events could therefore cause actual developments and results to differ materially from those anticipated and from the information published in this documents. To that extent, all forward-looking statements contained in this documents are qualified in their entirety and Datwyler cannot guarantee that they will prove to be correct. Datwyler is under no obligation, and assumes no liability, to update any such forward-looking statements. This documents are neither an offer nor a solicitation to buy or sell Datwyler securities.