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Daetwyler Holding AG (DAE.S)

DAE.S on Swiss Exchange

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Latest Key Developments (Source: Significant Developments)

Daetwyler Holding says ‍claude R. Cornaz nominated for board of directors
Friday, 13 Oct 2017 01:04am EDT 

Oct 13 (Reuters) - DAETWYLER HOLDING AG ::‍CLAUDE R. CORNAZ NOMINATED FOR ELECTION AS NEW DIRECTOR AT AGM TO BE HELD ON 6 MARCH 2018​.  Full Article

Daetwyler H1 net result amounted to CHF 53.3 million
Friday, 11 Aug 2017 12:32am EDT 

Aug 11 (Reuters) - DAETWYLER HOLDING AG ::H1 NET REVENUE UP 3.8% TO CHF 644.5 MIL-LION‍​.H1 NET RESULT AMOUNTED TO CHF 53.3 MILLION.FOR 2017 AS A WHOLE, DAT-WYLER IS CONFIDENT OF MAINTAINING THE GROWTH RATE OF THE FIRST HALF OF THE YEAR.‍​.FOR 2017 GROUP EXPECTS NET REVENUE OF BETWEEN CHF 1,270 MILLION AND CHF 1,310 MILLION‍​.FOR 2017 GROUP EXPECTS AN ADJUSTED EBIT MARGIN WITHIN THE TOP HALF OF THE 11-TO-14% TARGET RANGE.  Full Article

Daetwyler Holding intends to set up new centre of expertise, to cut around 90 jobs
Thursday, 30 Mar 2017 06:45am EDT 

Daetwyler Holding AG : Intends to set up a new centre of expertise in its technical components division . As a result of developing the new centre of expertise, Datwyler intends to no longer manage locally its various product, supplier, purchasing, e-commerce and marketing functions . Around 90 jobs across four sites in Sweden, Germany, Switzerland and Italy are expected to be affected by the changes . Daetwyler Holding - among other things, planned severance scheme includes plans to provide employees affected with hands-on support as they look for new jobs. Datwyler expects to pay around 10 million Swiss francs ($10.04 million) in non-recurring costs Further company coverage: [DAE.S] ($1 = 0.9959 Swiss francs) (Gdynia Newsroom) ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;)).  Full Article

Daetwyler Holding FY reported EBIT up to CHF 146.1 million
Tuesday, 7 Feb 2017 01:00am EST 

Daetwyler Holding AG : Said on Monday Datwyler Group increased its net revenue by 4.3 percent to 1,215.8 million Swiss francs ($1.22 billion)during 2016 . FY reported EBIT figure was 146.1 million francs (previous year: 126.1 million francs) . With an adjusted value of 116.9 million francs, Datwyler also managed to improve FY net result significantly compared with the previous year (82.2 million francs) . Additional one-off costs relating to currency hedging and exchange rate losses from the attempted acquisition of Premier Farnell had a negative impact on the financial result during the year under review and reduced the reported net result to 57.6 million francs . Proposes to pay an unchanged cash dividend of 2.20 francs per bearer share and 0.44 franc per registered share . AGM to be held on March 7, 2017 will see Ulrich Graf step down as Chairman for Board of Directors and both Hans R. Rüegg and Ernst Lienhard resign as directors for age-related reasons . Paul Hälg is to be recommended for election as the new Chairman . After the Annual General Meeting for 2017, the Datwyler Board of Directors will have seven members . At a Group level, Datwyler is expecting to achieve revenue of between 1,250 million francs and 1,350 million francs . Target range for the EBIT margin is to be increased to between 11 percent and 14 percent.  Full Article

Daetwyler Holding FY 2016 unaudited net revenue up at CHF 1,215.8 mln
Friday, 20 Jan 2017 12:42am EST 

Daetwyler Holding AG : Increased its unaudited net revenue by 4.3% to 1,215.8 million Swiss francs ($1.21 billion) during 2016. . Adjusted for currency and acquisition effects, this equates to organic growth of 1.4%. .After several years of declining revenue, the Technical Components division reversed the trend in 2016 and slightly increased its net revenue.  Full Article

Daetwyler holding invests more than CHF 100 mln in new US plant
Tuesday, 4 Oct 2016 11:42am EDT 

Daetwyler Holding AG : Is channelling more than 100 million Swiss francs into building a new plant in the US state of Delaware .Construction work of the new plant likely to get under way before the end of 2016.  Full Article

Datwyler completes OTT acquisition in sealing solutions division
Friday, 30 Sep 2016 11:45am EDT 

Daetwyler Holding AG :Datwyler completes OTT acquisition in the sealing solutions division.  Full Article

Daetwyler says offer for Premier Farnell has lapsed
Monday, 22 Aug 2016 02:14am EDT 

Daetwyler Holding :Statement re Premier Farnell Plc Full Article

Daetwyler says its offer for Premier Farnell has now lapsed
Monday, 22 Aug 2016 02:12am EDT 

Daetwyler Holding AG : Statement regarding offer for Premier Farnell Plc . Datwyler today announces that its offer has now lapsed .Datwyler will, except with consent of UK Panel on Takeovers and Mergers, be bound by restrictions contained in rule 35 of city code on takeovers and mergers until 21 August 2017.  Full Article

Activist investor Elliott cuts stake in Premier Farnell to 3.93 pct
Friday, 19 Aug 2016 10:25am EDT 

Elliott Capital Advisors: Discloses stake of 3.9328 pct in Premier Farnell Plc through derivatives .Cuts stake in Premier Farnell Plc to 3.9328 pct from 5.0536 pct.  Full Article