30.04.2014
Schweizer Electronic AG DE0005156236
DGAP-News: Schweizer Electronic AG: SCHWEIZER raised revenues by 18% and doubled first quarter results
DGAP-News: Schweizer Electronic AG / Key word(s): Interim Report
Schweizer Electronic AG: SCHWEIZER raised revenues by 18% and doubled
first quarter results
30.04.2014 / 08:00
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SCHWEIZER raised revenues by 18% and doubled first quarter results - Order
backlog and recent step towards internationalisation boost growth potential
Schramberg, April 30, 2014 - Schweizer Electronic AG today announced their
financial figures for the first quarter 2014. Within this period the
company achieved sales revenues of 27.8 million Euro (previous year 23.6
million Euro), which is a turnover increase of 18% against last year's
period. The result before interest and tax (EBIT) amounted to 2.9 million
Euro (previous year 1.3 million Euro). EBIT margin was at 10% (previous
year 6%).
With an order entry of 35.0 million Euro in the reporting year (previous
year 27.4 million Euro), SCHWEIZER registered an increase of 28% compared
to the previous year. Incoming orders in the first quarter of 2014 were by
30% higher than revenues, giving reason for a positive short-term outlook
as regards the company's sales development. The order backlog amounted to
121.4 million Euro at the end of March (previous year 93.4 million Euro).
Financial and liquidity figures as well improved to a major extent. The
equity ratio increased to 46.9 million Euro, which is equivalent to an
equity ratio of 58% (Dec. 31, 2013: 58.8%). The net debt position remained
stable with 2.7 million Euro, which is equivalent to a net gearing ratio of
6%.
"With our order backlog having increased again since the end of last year
to currently 121.4 million Euro, our capacities are already well-utilized.
By expanding our partner network with reliable and experienced
international market players, we are opening the door to benefit from
extended production capacities and are thus well-established to meet the
requirements of already existing as well as future customers. Thanks to our
additional partnership with WUS, our customers will have access to further
High Frequency production capacities in Asia, while we continue our joint
venture with MEIKO and ramp up our production capacities in Vietnam. In
parallel SCHWEIZER invests in its technology headquarter in German in order
to focus its production on further innovations", says Dr. Marc Schweizer,
CEO of Schweizer Electronic AG.
For the fiscal year 2014 the company expects revenues to boost by 3 to 7%
in comparison with last year. Following these expectations for sales growth
as well as changes to the product portfolio, Schweizer Electronic AG
anticipates a slight increase of its net profit in 2014. Further growth is
expected for 2015, provided that the global economic development will
remain stable. These forecasted developments do not take account any
contributions towards sales and net profit, which are envisaged as a result
from the partnership for HF PCBs with the company
WUS.
About Schweizer:
Schweizer Electronic AG is a global best-in-class technology company,
manufacturing premium PCBs, innovative solutions and services for
automotive, solar, industry and aviation electronics. Based on recognized
technology and consultancy competencies, SCHWEIZER's products and systems
address key challenges in the areas of Power Electronics, Embedding and
System Cost Reduction and are characterized by energy and environmentally
friendly features. Together with its partners Elekonta Marek GmbH & Co. KG,
Meiko Electronics Co. Ltd. and WUS Printed Circuit., Ltd. the company
offers through its electronics division cost and production optimised
solutions for small, medium and large series and within this network
employs more than 11,000 people in Germany, Japan, China and Vietnam.
With about 700 employees SCHWEIZER achieved sales of 101.2 million Euro in
Fiscal Year 2013 (ending December). The company was founded in 1849, is
managed by family members and listed at the Stuttgart and Frankfurt Stock
Exchanges (ticker symbol "SCE", "ISIN DE 000515623").
For further information please contact
Elisabeth Trik
Schweizer Electronic AG
Einsteinstraße 10
78713 Schramberg
Phone: +49 7422 / 512-302
Fax: +49 7422 / 512-777-302
E-mail: [email protected]
Please visit our website: www.morethanPCBs.com
End of Corporate News
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30.04.2014 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: Schweizer Electronic AG
Einsteinstraße 10
78713 Schramberg
Germany
Phone: 07422-512-301
Fax: 07422-512-397
E-mail: [email protected]
Internet: www.schweizer.ag
ISIN: DE0005156236
WKN: 515623
Listed: Regulierter Markt in Frankfurt (General Standard),
Stuttgart; Freiverkehr in Berlin
End of News DGAP News-Service
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265581 30.04.2014
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