22.03.2018
Schweizer Electronic AG DE0005156236
DGAP-Adhoc: Schweizer Electronic AG: Preliminary unaudited group figures for Fiscal Year 2017
DGAP-Ad-hoc: Schweizer Electronic AG / Key word(s): Preliminary Results
Schweizer Electronic AG: Preliminary unaudited group figures for Fiscal Year
2017
22-March-2018 / 12:42 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Preliminary unaudited group figures for Fiscal Year 2017
- Preliminary annual result amounts to 3.5 million euro
- Turnover and EBITDA within forecast
- Order book with 181.5 million euro significantly higher than previous year
Schramberg, March 22, 2018 - According to preliminary unaudited IFRS figures
the SCHWEIZER Group was able to boost its annual result 2017 to 3.5 million
euro (2016: 0.6 million euro). Besides the operative development, which was
better than expected, the par- tial sale of SCHWEIZER's stake in Meiko
Electronics amounting to 4.0 million euros had a positive impact on the
financial income. In the fourth quarter of the year 2017 SCHWEIZER and Meiko
Electronics had agreed on a reduction of their mutual shareholding. The
partial sale of the shares has no impact on the continuing successful
cooperation of the two companies.
At the operative level the company achieved an EBITDA (earnings before
interest, taxes, depreciation and amortisation) of 12.5 million euro, which
corresponds to a ratio of 10.3 percent. Due to special effects, this key
figure was negatively affected, so that the EBITDA in consideration of the
special effects amounted to 9.5 million euro (2016: 9.5 million euro). This
corresponds to an EBITDA ratio of 7.8 percent. The special effects concern
legal cost provisions for pending lawsuits as well as extraordinary expenses
in connection with the establishment of a new production plant in China.
With sales of 120.9 million euro in the year 2017, the SCHWEIZER Group has
achieved its highest Group turnover so far. Reporting an order book increase
of 14 percent to 181.5 million euro (2016: 158.4 million euro), the company
is in a very good position for the further development.
The high order income and the good operative results support the growth
plans of the company through the construction of a production plant in the
province of Jiangsu (China).
Final, audited figures for the business year 2017 will be disclosed on April
20, 2018.
Explanations to Financial Figures are available at: https://
www.schweizer.ag/en/investor-relations/company-
key-figures/explanations-financial-figures.html
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 avia-
tion electronics address key challenges in the areas of Power Electronics,
Embedding and System Cost Re- duction. Its products are distinguished for
their superior quality and their energy-saving and environmentally- friendly
features. Together with its partners WUS Printed Circuit (Kunshan) Co.,
Ltd., Meiko Electronics Co. Ltd. and Elekonta Marek GmbH & Co. KG 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 787 employees SCHWEIZER achieved sales of 116.1 million euro in Fiscal
Year 2016 (ending Decem- ber). The company was founded by Christoph
Schweizer in 1849 and is 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
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22-March-2018 CET/CEST 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 Announcement DGAP News Service
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667539 22-March-2018 CET/CEST
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