OREANDA-NEWS. The Schlatter Group (SIX Swiss Exchange: STRN) recorded in 2015 an order intake of CHF 72.9 million (2014: CHF 104.7 million) and realized net sales of CHF 83.2 million (2014: CHF 89.5 million). Per balance sheet date, the Group had an order backlog of CHF 31.9 million (31.12.2014: CHF 42.2 million).

These figures reflect the impact of the currency turmoil, the decline in the market for paper machine clothing and the impact of the collapse of steel prices on the market of equipment for the production of reinforced mesh.

Schlatter will conclude the 2015 financial year within the expectations communicated at the beginning of last year and report an operating loss in the mid single-digit million range.

At the Annual General Meeting of Schlatter Industries AG, the Board of Directors is to be supplemented by two new members. Nominated for election are Nicolas Mathys, co-founder and partner of Zug Finance AG, Baar, and Michael Hauser, CEO of Tornos, also a listed Swiss machine tool manufacturer. Nicolas Mathys has been for many years a major shareholder of the Schlatter Group. Michael Hauser has many years of industrial experience in mechanical and plant engineering. The Board is convinced that the two personalities will bring important impulse for a further sustainable development of the Schlatter Group.

Key figures 2015

Schlatter Group

        

CHF million

1st half of

2015

2nd half of

2015

Total

2015

Total

2014

Order intake

38.1

34.8

72.9

104.7

Net sales

42.1

41.1

83.2

89.5

Order backlog

per 30.6. resp. 31.12.

38.2

31.9

  

42.2

Segments

  

Welding

  

Weaving

CHF million

2015

2014

2015

2014

Order intake

58.4

88.0

14.5

16.7

Net sales

66.7

69.9

16.5

19.6

Order backlog per 31.12.

25.3

33.5

6.6

8.7

Nicolas Mathys

1968, Swiss

Current function:

Partner of Zug Finance AG, Baar

Professional career:

  • 2001 to 2009 Partner at Zulauf Asset Management AG
  • 1998 to 2001 Portfolio manager/company analyst at Zulauf Asset Management AG
  • 1993 to 1996 Project Engineer at F. Hoffmann – La Roche AG, Basel

Training:

  • Master of Business Administration, SDA BOCCONI, Milan
  • Master in Chemical Engineering, ETH Zurich

Directorships and membership in professional bodies:

Board member in various non-listed companies at home and abroad

Schlatter Group

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.