Daetwyler Holding Inc. reported audited consolidated and parent earnings results for the year ended December 31, 2012. For the year, on consolidated basis, the company reported net revenue of CHF 1,414.2 million compared to CHF 1,290.5 million a year ago. Operating result before depreciation and amortization (EBITDA) was CHF 203.1 million compared to CHF 168.3 million a year ago. Operating result before interest and tax (EBIT) was CHF 151.0 million compared to CHF 124.2 million a year ago. Net result was CHF 127.5 million or CHF 8.23 per share entitled to dividend compared to CHF 96.2 million or CHF 6.22 per share entitled to dividend a year ago. Net cash from operating activities was CHF 124.4 million compared to CHF 149.6 million a year ago. Negative free cash flow was CHF 107.7 million compared to free cash flow of CHF 83.1 million a year ago. Capital expenditure on property, plant and equipment was CHF 75.0 million compared to CHF 64.1 million a year ago. The Datwyler Group's results for 2012 were impacted by both positive and negative extraordinary items. Intangible assets were CHF 5.4 million compared to CHF 2.8 million a year ago.

For the year, on parent basis, the company reported net finance income of CHF 44,735,655 compared to CHF 25,171,028 a year ago. Profit before tax was CHF 91,907,159 compared to CHF 68,246,661 a year ago. Profit for the year was CHF 90,224,000 compared to CHF 65,570,489 a year ago.

Following the sale of the Cabling Solutions Division, Johannes Müller stepped down from the Executive Management of Dätwyler Holding Inc. at the end of 2012. He will continue to head Dätwyler Cabling Solutions AG as CEO. The new Sealing Solutions Division is to be headed by Dirk Lambrecht, former CEO of the Sealing Technologies Division. Guido Wallraff, the former CEO of the Pharma Packaging Division, is responsible for Global Business & Customer Relations in the newly created division. Accordingly, he stepped down from the Executive Management at the end of October 2012. Independently of the recent portfolio realignments, there will also be a change in the Board of Directors of Dätwyler Holding Inc. Gabi Huber will be proposed for election as new member of the Board of Directors at the Annual General Meeting on April 23, 2013. On the occasion of the same Annual General Meeting, Franz Steinegger will resign from the Board on grounds of age. Gabi is a member of Switzerland's National Council and has been head of the Liberal Party (FDP) parliamentary group since 2008.

By concentrating on high-growth areas, Datwyler can increase its previous EBIT targets. For 2013 the Group is confirming its operational target band (before one-time costs) of 10% to 13%, on projected revenue of around CHF 1,400 million. Driven by its strong market positions, the Datwyler Group is striving to achieve revenue of CHF 2 billion with an EBIT margin of 12% to 15% by 2017.

The Board of Directors will propose an increased dividend of CHF 2.60 compared to CHF 2.20 per bearer share last year and CHF 0.52 compared to CHF 0.44 per registered share last year to the Annual General Meeting.