Datwyler focuses activities on long-term, profitable growth markets Dienstag, 07. Januar 2020 - 06:30
- Focus on the fast-growing, high-margin sealing business
- Strengthening market focus and improving core competencies and agility to accelerate sustainable profitable growth
- Restructuring the Group and renewal of Executive Management
In future, the Datwyler Group will focus on the fast-growing,
high-margin sealing business for attractive global markets. As announced
on 23 December 2019, the distribution companies Distrelec and Nedis
will be sold to Aurelius. Based on recognised core competencies,
Datwyler has become a valued development partner for high-quality,
system-critical sealing components in the Health Care and Automotive
industries and beyond. Thanks to the successful growth strategy, revenue
in the Sealing business has more than doubled since 2011 to CHF 891
million (2018). Operating profit (EBIT) has tripled to CHF 155 million.
Strengthening market focus and improving core competencies and agility
“In
order to strengthen our market focus, boost proximity to customers, use
our long-standing core competencies more efficiently and make the
organisation more agile, Datwyler has decided to redefine the Group’s
organisation at the beginning of February 2020. To this end, we will
combine our market and production activities to form two business areas,
Health Care Solutions and Industrial Solutions. These will be supported
by the new Technology & Innovation and Finance & Shared
Services service units. The previous Holding functions and the functions
of the Sealing Solutions division will be merged. With the new
organisation, we will retain our previous synergies and enhance our
innovation while optimising our cost structure. I firmly believe that,
by restructuring the Group, we will be able to help our customers
develop new, innovative systems even more effectively. This will speed
up the implementation of our strategic priorities, including driving
profitable organic growth supported by selected bolt-on acquisitions,
increasing agility and accelerating digitalisation,” says Dirk
Lambrecht, CEO of the Datwyler Group.
Renewal of Executive Management
The
new organisational structure leads to a renewal of the Executive
Management. Thanks to systematic talent management, Datwyler has secured
three managers with proven records from its own ranks as new members of
the Executive Management. As explained in the separate press release,
Walter Scherz will succeed Reto Welte as Chief Financial Officer. In the
role of CFO, Walter Scherz will lead the new Finance & Shared
Services service unit. The Health Care Solutions business unit will be
managed by Dirk Borghs in future. Among other projects, Dirk Borghs was
responsible for developing the sector-leading Datwyler FirstLine
production standard. He was previously in charge of all production
locations in the Sealing Solutions division. Dr Frank Schön will take
over the management of the newly formed Technology & Innovation
service unit. Frank Schön used to be responsible for research and
development in the Sealing Solutions division. In recent years, he has
successfully driven the establishment of the global research and
development organisation, focusing on digital knowledge management. The
Industrial Solutions business unit will be led by Torsten Maschke. Since
the end of 2016, Torsten Maschke has been COO of Datwyler’s Sealing
Solutions division and member of the Executive Management. In this role,
he has successfully developed the division over the past three years
and played part in working out the new organisational structure. With
the completion of the sale of Distrelec and Nedis in the first quarter
of 2020, Neil Harrison will step down from the Executive Management. The
Board of Directors would like to thank Neil Harrison for his hard work
and dedication in further developing the distribution business and wish
him all the best for the future.
Conference call
A
conference call in English with CEO Dirk Lambrecht and CFO Reto Welte
will be held today, Tuesday, 7 January 2020, at 11.00 a.m. (Central
European Time).
How to join the conference call:
- Please register early before the date by clicking on this link. You will then receive an email with your dial-in details to easily and quickly access the conference.
- Please join the call 5 to 10 minutes before the start.
- Should you experience any technical issues accessing the call, please dial the following support number: +41 (0)58 310 5000
The English presentation slides will be available for downloading from our website www.datwyler.com at the link Investors > Publications > Presentations
A replay of the conference call will be available as a podcast download at the same link one hour after the call ends.
Datwyler Group (www.datwyler.com)
The Datwyler Group is
now focusing on high-quality, system-critical components and has
leading positions in attractive global markets such as health care,
automotive, oil & gas and general industry. With its technological
leadership and recognized core competencies, delivers added value to
customers in the markets served. Dat-wyler concentrates on markets that
offer opportunities to create more value and sustain profitable growth.
From the 2020 financial year, the Datwyler Group will generate annual
sales of more than CHF 900 million with some 25 operating companies,
sales in over 100 countries and more than 7,000 employees. The Group has
been listed on the SIX Swiss Exchange since 1986 (security no.
3048677).
Download this media release as PDF file
Download portraits of the new executive management
Enquiries
Guido Unternährer, Head Corporate Communications, T +41 41 875 19 00
Photos (in print quality) www.datwyler.com > Media > Image Library
Financial Calendar
Annual Press Conference and Analyst Conference 6 February 2020
Annual General Meeting 11 March 2020
Interim Report 2019 11 August 2020