In the first half of 2023, Datwyler increased revenue to CHF 602.7 million in a challenging environment. Adjusted for currency and acquisition effects, this equates to solid organic growth of 5.6%. The almost complete loss of the high-margin Covid business and destocking by customers led to underutilization at the recently expanded plants. EBIT and the EBIT margin declined to CHF 60.5 million and 10.0%, respectively. However, the growth trends in the markets are intact, as is shown by the large number of promising new projects with existing and new customers in all the markets served.