07.04.2017
Schweizer Electronic AG DE0005156236
DGAP-Adhoc: Schweizer Electronic AG: Preliminary unaudited group figures for Fiscal Year 2016
DGAP-Ad-hoc: Schweizer Electronic AG / Key word(s): Preliminary Results
Schweizer Electronic AG: Preliminary unaudited group figures for Fiscal Year
2016
07-Apr-2017 / 12:56 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by
DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Schramberg, April 7, 2017 - In the fiscal year 2016 turnover of SCHWEIZER
group increased slightly to 116.1 million euro compared to 115.6 million
euro in 2015. This development is characterised by further successful
business with the highly complex products of SCHWEIZER's technology
portfolio, enabling in particular automotive customers to realise solutions
for sensors, LED technologies and electro mobility.
Preliminary, unaudited figures reveal a group EBITDA (Earnings before
Interest, Tax, Depreciation and Amortisation) according to IFRS of 9.5
million euro (2015: 11.4 million euro). This corresponds to an EBITDA ratio
of 8.2%, which is below the envisaged range of between 9 to 10%. The
expected group EBIT amounted to 1.8 million euro (2015: 3.7 million),
corresponding to a ratio of 1.6% (2015: 3.2%). The result was burdened by
substantial product ramp-ups, showing a lower rate of return in the ramp-up
phase, by disproportionally increasing personal cost as well as by a
comprehensive investment programme totalling 8.8 million euro for new
production technologies. The expected annual group result decreased to 0.6
million euro (2015: 1.5 million euro).
Based on the expected annual result of the mother company Schweizer
Electronic AG according to HGB standards, SCHWEIZER's Executive Board
recommends to the Supervisory Board to propose a dividend of 0.65 euro per
share on occasion of the forthcoming Annual General Meeting on July 7, 2017.
Final, audited figures for the business year 2016 will be disclosed on April
28, 2017.
Explanations to Financial Figures are available at:
Contact:
Elisabeth Trik
Investor Relations
Phone: +49 7422 512 302
Fax: +49 7422 512 397
[email protected]
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Information and Explanation of the Issuer to this News:
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 115.5 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').
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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 Announcement DGAP News Service
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563225 07-Apr-2017 CET/CEST
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Halbleiter , 515623 , SCE , XETR:SCE