Skip to main content
Sister Publication Links
  • European Rubber Journal
  • Plastics News
  • Tire Business
Subscribe
  • Login
  • Register
  • Subscribe
  • News
    • Best Places to Work
    • Rubber Division IEC
    • War in Ukraine
    • Automotive
    • Tire
    • Non-Tire
    • Suppliers
    • ITEC
    • Silicone
    • Online Exclusive
    • Latex
    • Technical Notebooks
    • Executive Action
    • Government/Legal
    • Opinion
    • Blogs
    • Sustainability
    • Products
    • Wacky World of Rubber
  • Airless Tires
  • Custom
    • Sponsored Content
    • White Papers
  • Resources
    • Directory
    • Classifieds & Mold Mart
  • Data
  • Events
    • RN Events
    • RN Livestreams/Webinars
    • Industry Events
    • Past Events
    • Rubber News M&A Live
    • Ask the Expert
    • Healthcare Elastomers Conference
    • Rubber In Automotive Conference
    • Women Breaking the Mold Networking Forum
  • Advertise
  • DIGITAL EDITION
MENU
Breadcrumb
  1. Home
  2. Financial
March 06, 2023 03:24 PM

Datwyler reports pressure on 2022 earnings margins

European Rubber Journal Report
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print
    Datwyler financials 2022, pressure on earnings margins

    ALTDORF, Switzerland—Datwyler Group has reported pressure on its earnings margins in 2022, due to the sharp rise in input costs and a temporary closure of its subsidiary in Ukraine.

    The Swiss group reported a 7-percent year-on-year decline in operating results (EBIT) to $156 million, on 21-percent higher sales of $1.1 billion.

    EBIT margin fell to 13 percent for the year, down from a level of 16.9 percent reported in 2021.

    In a Feb. 9 statement, Datwyler said the increased revenues reflected its acquisitions of QSR in the U.S. and Xinhui in China, as well as the implementation of price increases.

    The earnings decline was linked to the delayed impact of price increases, restructuring measures and the temporary closure of its Ukrainian subsidiary.

    Commenting on Datwyler's performance, CEO Dirk Lambrecht said the group had "coped well" amid all the challenges of the past year.

    Related Articles
    Datwyler advances elastomers to meet EV demands
    Datwyler expanding O-ring technology, expertise
    Datwyler acquisition solidifies electroactive polymers expertise

    The Altdorf-based group, he noted, had completed the takeovers of QSR and Xinhui and expanded its Indian health care production site during the year.

    And having made "promising progress" in a range innovation projects, Lambrecht said Datwyler was "in a strong strategic position."

    During 2022, the group's health care solutions business area increased operating results by 1.6 percent to $111 million, on 11.5-percent higher sales of $544 million.

    Datwyler said revenue from components for COVID-19 vaccines delivery declined "as expected," with an accelerating trend toward the year-end.

    The health care unit was able to pass the "significantly increased costs" for input factors onto its customers over the course of the reporting year.

    Datwyler's industrial solutions business area, on the other hand, saw operating results fall 23 percent to $45 million, on 30.2-percent higher sales of $666.2 million.

    While acquisitions helped to drive up revenue, Datwyler said the "significantly higher input costs" and the delayed impact of price increases impacted the unit's operating result.

    Letter
    to the
    Editor

    Rubber News wants to hear from its readers. If you want to express your opinion on a story or issue, email your letter to Editor Bruce Meyer at [email protected].

    Most Popular
    1
    Michelin-backed Enviro JV to build 'world's first large-scale' tire recycling group
    2
    Goodyear, NASCAR tires evolve with technology, R&D mindsets
    3
    Mechanical Rubber expands its East Coast presence
    4
    Trinseo's Bristol plant resumes partial operations
    5
    Liquid Gold makers partner to advance rubber-mixing uses
    SIGN UP FOR NEWSLETTERS
    EMAIL ADDRESS

    Please enter a valid email address.

    Please enter your email address.

    Please verify captcha.

    Please select at least one newsletter to subscribe.

    Get our newsletters

    Staying current is easy with Rubber News delivered straight to your inbox, free of charge.

    Subscribe Today

    Subscribe to Rubber News to get the best coverage and leading insights in the industry.

    SUBSCRIBE
    Connect with Us
    • LinkedIn
    • Facebook
    • Twitter

    MISSION

    To serve companies in the global rubber product industry by delivering news, industry insights, opinions and technical information.

    Contact Us

    2291 Riverfront Pkwy, Suite 1000
    Cuyahoga Falls,
    OH 44221

    Customer Service:
    877-320-1726

    Resources
    • About Us
    • Digital Edition
    • Staff
    • Advertise
    • Order Reprints
    • Privacy Policy
    • Privacy Request
    • Terms of Service
    • Careers
    • Ad Choices Ad Choices
    • Sitemap
    Partner Sites
    • Tire Business
    • European Rubber Journal
    • Plastics News
    • Urethanes Technology
    • Automotive News
    • Crain Brands
    Copyright © 1996-2023. Crain Communications, Inc. All Rights Reserved.
    • News
      • Best Places to Work
      • Rubber Division IEC
      • War in Ukraine
      • Automotive
      • Tire
      • Non-Tire
      • Suppliers
      • ITEC
      • Silicone
      • Online Exclusive
      • Latex
      • Technical Notebooks
      • Executive Action
      • Government/Legal
      • Opinion
      • Blogs
        • Products
        • Wacky World of Rubber
      • Sustainability
    • Airless Tires
    • Custom
      • Sponsored Content
      • White Papers
    • Resources
      • Directory
      • Classifieds & Mold Mart
    • Data
    • Events
      • RN Events
        • Healthcare Elastomers Conference
        • Rubber In Automotive Conference
        • Women Breaking the Mold Networking Forum
      • RN Livestreams/Webinars
      • Industry Events
      • Past Events
      • Rubber News M&A Live
      • Ask the Expert
    • Advertise
    • DIGITAL EDITION