Dätwyler Faces First-Half Profit Dip Due to Manchester Acquisition Costs, CEO Lambrecht Remains Upbeat for Future Growth 00:10:00
Dätwyler, an industrial supplier, experienced a decline in profit during the first half of the year due to significant one-time costs from their Manchester acquisition. Despite this setback, CEO Dirk Lambrecht expressed satisfaction with the interim results, emphasizing the importance of implementing further measures to significantly drive profitable growth in the future. Lambrecht remains optimistic about the second half of the year, particularly for the Technical Components division, stating that the bulk of one-time costs has already been accounted for and anticipates profitable growth. Additionally, Lambrecht discusses growth prospects for the Sealing Solutions division in the automotive industry and shares insights on the company's strategy for further acquisitions in a video interview.