OREANDA-NEWS.  In the financial year 2016 the Schlatter Group (SIX Swiss Exchange: STRN) significantly increased order intake by 47.7% to CHF 107,7 million (2015: CHF 72,9 million) and net sales by 8,8% to CHF 90,5 million (2015: CHF 83,2 million). Per balance sheet date, the Group had an order backlog of CHF 49,0 million, a significant increase to the previous year (31.12.2015: CHF 31,9 million).

The Schlatter Group will conclude the reporting year with a small profit and thus lie within the communicated expectations.

The detailed annual financial results 2016 will be released on March 21, 2017, by media release and with the Annual Report on the Company's website.

Key figures 2016

Schlatter Group

        

CHF million

1st half of

2016

2nd half of 2016

Total

2016

Total

2015

Order intake

65.3

42.4

107.7

72.9

Net sales

39.8

50.7

90.5

83.2

Order backlog

per 30.6. resp. 31.12.

57.6

49.0

  

31.9

Segments

  

Welding

  

Weaving

CHF million

2016

2015

2016

2015

Order intake

86.7

58.4

21.0

14.5

Net sales

69.8

66.7

20.7

16.5

Order backlog per 31.12.

42.1

25.3

6.9

6.6

Schlatter Group (www.schlattergroup.com)

The Schlatter Group is one of the leading specialists in plant engineering for resistance welding systems as well as weaving and finishing equipment for the production of paper machine clothing, wire fabrics and wire mesh. Thanks to its many years of experience in the field of plant technology, its innovative strength and its reliable service, the Schlatter Group – which is listed on the Swiss Reporting Standard of SIX Swiss Exchange – guarantees its customers a range of powerful and high-quality production equipment.

This media information contains certain forward-looking statements including statements using the words "believes", "assumes", "expects" or formulations of a similar kind. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which could lead to substantial differences between the actual future results, the financial situation, the development or performance of the Company and those either expressed or implied by such statements.