03.02.2015
Schweizer Electronic AG DE0005156236
DGAP-News: SCHWEIZER boosts turnover and earnings in 2014
DGAP-News: Schweizer Electronic AG / Key word(s): Preliminary Results
SCHWEIZER boosts turnover and earnings in 2014
03.02.2015 / 14:46
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SCHWEIZER boosts turnover and earnings in 2014
- SCHWEIZER boosts turnover to 110.2 million Euro
- EBIT rises to 10 million Euro
- SCHWEIZER further improves equity ratio
Schramberg, February 3rd, 2015 - According to preliminary figures,
Schweizer Electronic AG closed the accounts in the fiscal year 2014 with
its highest turnover ever. Sales in 2014 increased by 8.9% to 110.2 million
Euro against 101.2 million Euro the year before. Earnings before interest
and tax (EBIT) rose by 2% to 10 million Euro (previous year 9.8 million
Euro), representing the second-highest EBIT in the company's history, while
additional expenditure for continuing the expansion of the Asian production
capacities - with focus on Vietnam - burdened the EBIT with 1.1 million
Euro.
With sales of 100.3 million Euro, the production performance in Schramberg,
Germany, broke through the historical mark of 100 million Euro. (previous
year 94.6 million Euro). Sales effected through the Asian partner network
also showed a satisfactory development, boosting by 54% to 9.9 million Euro
against 6.4 million Euro in 2013. Highly innovative technology products
strongly contributed to SCHWEIZER's record sales with 50.5 million Euro,
representing already 46% of the total turnover. This trend is expected to
continue in future particularly in Schramberg.
Despite its growth, SCHWEIZER was able to increase equity capital by 3.3
million Euro to 48.4 million Euro. This corresponds to an equity ratio of
59.5% against 58.8% the year before. Final figures will be released on
March 31, 2015.
Dr. Maren Schweizer, CEO of Schweizer Electronic AG comments: "We proceeded
very well in 2014 on operational as well as strategic level. We increased
turnover and earnings, and our order book is well stocked. Thanks to the
continuously high demand our order backlog increased again in 2014,
amounting to 119.2 million Euro against 114.2 million Euro the year before.
With our partner and investor WUS, we have access to additional production
capacities to serve the rapidly growing market for high frequency printed
circuit boards (HF PCBs). Moreover, we plan to jointly tap the chip
embedding market with our partner Infineon in the coming years, as this is
the future market for power electronics applications. Thus, these two new
partnerships further improved our already good position in 2014."
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 Co., Ltd., the company
offers in its division PCB 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. In future, SCHWEIZER
plans to jointly tap the chip embedding market together with its partner
Infineon Technologies AG.
With about 750 employees SCHWEIZER achieved sales of 110.2 million Euro in
Fiscal Year 2014 (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 & Communication
Schweizer Electronic AG
Einsteinstraße 10
78713 Schramberg / Germany
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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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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