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Substantial profit growth for Datwyler

Altdorf, 12 August 2016. In the first half of 2016, the Datwyler Group increased its net revenue by 7.3% to CHF 621.1 million, with both divisions contributing to growth. The EBIT margin continued to rise and exceeded the target range for the first-ever time at 13.2%. The net result went up significantly by 34.4% to CHF 56.6 million. For the year as a whole, Datwyler is confident of achieving its revenue target in the region of CHF 1,250 million for the existing business and operationally delivering an EBIT margin clearly within the upper half of the 10% to 13% target range. Regarding the existing acquisition offer for Premier Farnell, Datwyler is currently considering how to proceed in view of the higher offer submitted by Avnet, and will communicate in due course.