29.06.2018
Schweizer Electronic AG DE0005156236
DGAP-News: Schweizer Electronic AG: Annual General Meeting approves dividend of 0.30 Euro
DGAP-News: Schweizer Electronic AG / Key word(s): AGM/EGM/Dividend
Schweizer Electronic AG: Annual General Meeting approves dividend of 0.30
Euro
29.06.2018 / 15:14
The issuer is solely responsible for the content of this announcement.
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Schweizer Electronic AG:
- Annual General Meeting approves dividend of 0.30 Euro
- SCHWEIZER will develop towards a growth stock
- Record sales in 2017 - Annual result rose to 3.5 million Euro
Schramberg, June 29, 2018 - Shareholders present at Schweizer Electronic
AG's 29th Annual Shareholders' Meeting on June 29, 2018 followed the
proposal submitted by the Executive and Supervisory Boards and agreed to pay
a dividend of 0.30 Euro per share for the fiscal year 2017.
With this dividend, the company intends to let its shareholders participate
in last year's business success in spite of the forthcoming investments into
the new high technology plant in China for further growth. In future,
SCHWEIZER will increasingly develop towards a growth stock in order to
consistently explore the excellent business potential deriving from the
megatrends e-mobility and autonomous driving. With this strategic
realignment, SCHWEIZER's management expects a disproportionate increase of
its company value in the medium term.
The Shareholders' Meeting approved the actions of the Managing Board and the
Supervisory Board for the year 2017. Beyond the proposal for paying a
dividend, the plenum, which gathered on the premises of Schweizer Electronic
in Schramberg, agreed to all other proposals with a vast majority. With
about 140 shareholders joining the meeting, 73.35 percent of the share
capital was represented. In addition, around 40 guests were present.
In their speeches, board members Nicolas Schweizer and Marc Bunz reported on
a successful fiscal year 2017 which SCHWEIZER closed with a record turnover
of 120.9 million euro. The growth of 4.2 percent was due to a record
production volume of 109.6 million euro from the production site in
Schramberg. Various measures to eliminate bottleneck areas, focussed
investments into new production technologies, as well as further process
optimisations had allowed for an output increase of 6.2 percent in
Schramberg. In this context, the turnover share of high technology products
from the fields of power electronics, embedding and system cost reduction,
which are mainly used for appli-cations of autonomous driving and electro
mobility, increased again and now account for 58 percent of SCHWEIZER's
turnover.
The final group EBITDA (earnings before interest, taxes, depreciation and
amortisation) amounted to 8.4 million euro (2016: 9.5 million euro),
corresponding to an EBITDA margin of 7.0 percent against 8.2 percent the
year before. The group EBIT (earnings before interest and taxes) came up to
0.3 million euro (2016: 1.8 million euro) which corresponds to an EBIT
margin of 0.3 percent (2016: 1.6 percent).
Different special effects had a negative as well a positive impact on the
business figures respectively. On the one hand, the EBITDA was affected by
legal cost provisions of 2.5 million euro and extraordinary expenses of 0.5
million euro for the preparation of the setup of the new production plant in
China. Without these special effects of in total 3.0 million euro, the
EBITDA would have amounted to 11.4 million euro, corresponding to an EBITDA
margin of 9.4 percent. Since all special effects had a corresponding impact
on the EBIT as well, the EBIT before special effects would have amounted to
3.3 million euro, which is equivalent to an EBIT margin of 2.8 percent.
On the other hand, proceeds from the partial sale of SCHWEIZER's stake in
Meiko Electronics 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.
The final annual result 2017 amounted to 3.5 million euro (2016: 0.6 million
euro).Considering all special effects, the annual result would have amounted
to 2.5 million euro.
The company's solid equity capital increased slightly to 62.3 million euro
as of the balance sheet date. This corresponds to an equity ratio of 54.9
percent (December 31, 2016: 52,8 percent). Net gearing was -6.5 % compared
to -1.5 percent in 2016.
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 797 employees SCHWEIZER achieved sales of 120.9 million euro in Fiscal
Year 2017 (ending December). 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:
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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29.06.2018 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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700263 29.06.2018
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