Brief: Daetwyler Holding Revises Targets For 2022

Daetwyler Holding

18/05/2022 05:57

May 18 (Reuters) - DAETWYLER HOLDING AG  DAE.S :
    * DATWYLER WITH REVISED TARGETS FOR 2022
    * IS NOW TARGETING REVENUE OF BETWEEN CHF 1’150 MILLION AND
CHF
1’200 MILLION FOR THE FULL YEAR 2022
    * 2022 FY EBIT MARGIN SHOULD BE BETWEEN 13% AND 16%
    * UPDATE WILL BE PROVIDED AT THE PUBLICATION OF THE
HALF-YEAR
REPORT
    * IN THE MEDIUM TERM, THE SELF-DEFINED TARGET RANGES FOR
SALES
GROWTH OF 6% TO 10% AND FOR THE EBIT MARGIN OF 18% TO 21% REMAIN
VALID
    * GEOPOLITICAL DEVELOPMENTS OF RECENT MONTHS HAVE CAUSED
DATWYLER'S INPUT COSTS TO RISE SHARPLY AT ALL LOCATIONS
    * ONGOING SHORTAGE OF ELECTRONIC COMPONENTS IN THE
AUTOMOTIVE
INDUSTRY AND THE PANDEMIC LOCKDOWNS IN CHINA HAVE DAMPENED
REVENUE GROWTH DESPITE DATWYLER'S UNRESTRICTED DELIVERY
CAPABILITY
    * DUE TO THE DELAYED EFFECT OF THE IMPLEMENTED PRICE
INCREASES AND
COST SAVINGS, THERE IS A TEMPORARY PRESSURE ON MARGINS

Further company coverage:  DAE.S 

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