14.08.2014
Schweizer Electronic AG DE0005156236
DGAP-News: Schweizer Electronic AG: SCHWEIZER reports successful first Half-Year 2014: Revenues and Net Profit increased by 13%, EBIT boosted by 24% - Sales expectations at the upper end of the previous forecast -
DGAP-News: Schweizer Electronic AG / Key word(s): Half Year Results
Schweizer Electronic AG: SCHWEIZER reports successful first Half-Year
2014: Revenues and Net Profit increased by 13%, EBIT boosted by 24% -
Sales expectations at the upper end of the previous forecast -
14.08.2014 / 08:00
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Schramberg, August 14, 2014 - SCHWEIZER's financial results for the first
half-year 2014 came up to its expectations: Revenues boosted by 13% to 55.3
million Euro (previous year 48.9 million Euro), and net profit as well
increased by 13% amounting to 2.7 million Euro (previous year 2.4 Mio
Euro). This is equivalent to earnings per share of 0.72 Euro against 0.63
Euro the year before. Earnings before interest and tax (EBIT) also showed a
very positive development rising 24% to 4.7 million Euro (previous year 3.8
million Euro). The EBIT margin amounts to 8.5% against 7.8% the year
before.
SCHWEIZER's level of incoming orders is promising as well: In the first
half-year 2014 the company received orders amounting to 61.0 million Euro
(plus 4.1% against the previous year), 72% of which being placed by
customers of the automotive industry and 24% by the industry electronics
sector. Revenues boosted even more than incoming orders, with sales to the
most important customer groups automotive and industry climbing
over-proportionally by 15% each. Looking at the product portfolio, sales of
high technology products contributed with 24.0 million Euro to first
half-year revenues compared to 18.0 million Euro the year before.
"After the very positive operative results in the first half-year 2014 we
are able to adjust our expectations for the current fiscal year. We now
expect revenues to climb by 7% in the fiscal year 2014, which is the upper
end of our previous forecast. Net profit is expected to develop
accordingly. Further optimisation of our portfolio management in the second
half-year 2014 could generate positive effects on our earnings. SCHWEIZER's
order backlog had a value of 119.5 million Euro at the end of June 2014,
thus being 20% up against last year's period. This already is a good
indication that our production capacity will be utilised up into the year
2015", stated Dr. Marc Schweizer, CEO of Schweizer Electronic AG.
The company's financing structure remains on a high and solid level as
well. Thanks to the net profit achieved in the first half-year, SCHWEIZER's
equity increased to 47.8 Million Euro (43.3 million Euro the year before).
Thus, the equity ratio was 55.8% at the end of the first half-year 2014.
Today, SCHWEIZER publishes its half-year financial as per June 30, 2014,
which is available on
http://www.schweizer.ag/en/investor-relations/financial-reports.html.
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 20,000 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:
Christina Blake
Schweizer Electronic AG
Einsteinstraße 10
78713 Schramberg
Phone: +49 7422 / 512-213
Fax: +49 7422 / 512-777-213
E-mail: [email protected]
Please visit our website: www.morethanPCBs.com
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14.08.2014 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Media archive at www.dgap-medientreff.de and www.dgap.de
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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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