04.11.2016
Schweizer Electronic AG DE0005156236
DGAP-News: Schweizer Electronic presents third quarter figures and reports increasing achievements in the automotive sector and export business
DGAP-News: Schweizer Electronic AG / Key word(s): Quarterly / Interim
Statement
Schweizer Electronic presents third quarter figures and reports increasing
achievements in the automotive sector and export business
04.11.2016 / 09:00
The issuer is solely responsible for the content of this announcement.
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Schweizer Electronic presents third quarter figures and reports increasing
achievements in the automotive sector and export business
Schramberg, November 04, 2016 - The successful business development with
automotive customers led to an increase of 2.1% to 29.1 million Euro in
SCHWEIZER's third quarter turnover (previous year 28.5 million Euro). Sales
with this customer segment alone grew by 12.1% to 22.3 million Euro against
19.9 million Euro the year before. The EBITDA (earnings before interest,
taxes, depreciation and amortisation) reached the target with a total of
2.9 million Euro, and the margin of 10% was above this year's half year-
level of 7.9%, but fell slightly behind last year's third quarter-margin of
12.0 % (3.4 million Euro). The EBIT (earnings before interest and taxes)
amounted to 0.9 million Euro (2015: 1.5 million Euro).
Power electronics products showed an outstanding 20%-sales increase in the
automotive sector. They are necessary to construct reliable solutions in e-
mobility applications, where the effective management of high temperatures
and high currents has to be ensured. While the turnover share of the
industry sector declined from 21.1% to 16.5%, initial sales could be
realised with aviation customers, letting SCHWEIZER report first
achievements as regards the envisaged expansion of its customer portfolio.
While turnover in Asia doubled to 2.6 million Euro, figures in the European
region slightly declined from 24.2 million Euro in 2015 to 23.5 million
Euro this year. SCHWEIZER's export ratio, however, increased to 41%. The
company's order book grew by 45 million Euro (34%) against last year's
third quarter to a total amount of 177.5 million Euro.
Outlook
"Our EBITDA ratio has reached 8.6% in the first nine months of 2016.
Currently, we expect our fourth quarter results to be on a similar level as
in the third quarter, presuming that no unforeseen factors occur, which
will either burden or benefit the results. This means, we could close our
accounts of 2016 with an EBITDA ratio of between 9% and 10%, coming up to
our forecast from August this year. Due to delays in the Vietnam ramp-up
and at WUS, Kunshan, however, we expect our turnover to stay stable, which
is in contrast to our August forecast of a 2%-increase", comments Marc
Bunz, Chief Financial Officer at Schweizer Electronic AG.
About Schweizer:
Schweizer Electronic AG stands for state-of-the-art technology and
consultancy competence. SCHWEIZER's premium printed circuit boards and
innovative solutions and services for automotive, solar, industry and
aviation electronics address key challenges in the areas of Power
Electronics, Embedding and System Cost Reduction. Its products are
distinguished for their superior quality and their energy-saving and
environmentally-friendly features. Together with its partners Elekonta
Marek GmbH & Co. KG, Meiko Electronics Co. Ltd. and WUS Printed Circuit
Co., Ltd., the company offers in its division electronics cost- and
production-optimised solutions for small, medium and large series. Together
with its partner Infineon Technologies AG, SCHWEIZER plans to jointly tap
the chip embedding market in future.
With about 770 employees SCHWEIZER achieved sales of 115.6 million euro in
Fiscal Year 2015 (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
Media & Communications
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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04.11.2016 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.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at 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: Regulated Market in Berlin, Dusseldorf, Frankfurt (General
Standard), Stuttgart; Regulated Unofficial Market in
Tradegate Exchange
End of News DGAP News Service
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517449 04.11.2016
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