At today’s Capital Market Day, Datwyler will provide in-depth insights into the development of the healthcare and mobility markets, into its exciting innovation projects and into its enhanced sustainability strategy. The more than 70 registered investors, analysts, and journalists will have the opportunity to tour the highly automated production facilities of the Swiss plant in Schattdorf.
Healthcare market with structural growth drivers.
Datwyler is a leading supplier of system-critical components for attractive markets such as healthcare, mobility, food & beverage and general industry. Thanks to strong positions, close and long-standing customer relationships, and leading core competencies, Datwyler enjoys a high demand. The healthcare market in particular features structural growth drivers and high barriers to entry. In addition, there is the recent global vaccination program to contain the Covid pandemic.
With the coated NeoFlex components for pre-filled syringes and soft dry electrodes for measuring brain, heart and muscle activity in wearable devices, the company has promising innovation projects. Datwyler expects the relevant healthcare market to continue to grow very dynamically over the next few years. With the investments made in recent years to expand the industry-leading production standard FirstLine, Datwyler is optimally positioned to gain above-average benefits from this market growth.
Transformation to electromobility opens up new opportunities.
In its business unit Mobility, Datwyler is in the process of transforming to electromobility. For instance, the company is working as a development partner with existing customers on future electrified braking technologies. With its leading materials expertise, Datwyler is unlocking new application areas in the car of the future that will also expand the addressable market. Examples include batteries, fuel cells, electric drive unit, the vehicle interior, or thermal management.
With targeted innovation projects, the company is driving smart-rubber products with integrated sensors as well as electrically and thermally conductive materials. Datwyler expects the number of vehicles produced worldwide to grow in the mid-single digits per year in the coming years. By 2022, recovery from the pandemic and from chip shortage should make close to double-digit growth possible.
Sustainability as an integral part of the growth strategy.
Datwyler is convinced that the growth strategy with innovative new products and sustainability are not mutually exclusive. The company has used its strong foundation to further develop its sustainability strategy. With twelve focus topics, the company aims to reduce its environmental footprint and create added value for all stakeholders.
Among other things, Datwyler is aiming for climate neutrality at all its own sites by 2030.
New medium-term targets for 2022 to 2024.
The sale of Reichelt completes Datwyler’s transformation into a specialist for system-critical elastomer components. In the next phase, the company will focus on organic growth and targeted acquisitions to strengthen its existing business in a sustainable manner. Without the contribution from Reichelt in the period from October to December, Datwyler now expects an increase in revenue to over CHF 1’100 million and an EBIT of over 16% for the full year 2021. In response to the encouraging demand, Datwyler continues to invest in expanding its production capacities. The company therefore expects to spend between CHF 120 million and CHF 140 million in investments in 2021. At present, Datwyler also anticipates a similar level of capital expenditure in 2022.
For the first time, Datwyler is publishing medium-term targets for the three-year period from 2022 to 2024:
