The Schlatter Group reported group sales results for the second half and full year of 2015. For the year, the company realized net sales of CHF 83.2 million against CHF 89.5 million last year. 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.

For the second half, the company realized net sales of CHF 41.1 million against CHF 42.1 million for the first half of 2015.

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.