30.10.2015
Schweizer Electronic AG DE0005156236
DGAP-News: Schweizer Electronic continues to grow profitably in the third quarter
DGAP-News: Schweizer Electronic AG / Key word(s): Interim Report
Schweizer Electronic continues to grow profitably in the third quarter
30.10.2015 / 08:00
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Schweizer Electronic continues to grow profitably in the third quarter
- EBIT increases disproportionally by 13.8 %
- Order intake boosts by 30%
Schramberg, October 30, 2015 - With cumulated revenues of EUR 88.4 Mio
(previous year EUR 83.3 Mio.) and quarterly sales of EUR 28.5 Mio (previous
year EUR 28.0 Mio) Schweizer Electronic AG again exceeded previous year's
figures. Operating quarterly results before interest and tax (EBIT) rose
faster than turnover by 13.8% to EUR 3.3 Mio (previous year EUR 2.9 Mio).
Thus the EBIT margin climbed to 11.6% against 10.4% in the previous year.
As before, also the third quarter was affected by negative exchange rate
fluctuations amounting to EUR 0.3 Mio in total. Adjusted by this special
effect the EBIT would amount to EUR 3.6 Mio corresponding to an EBIT margin
of 12.6%. The equity ratio remained stable compared to last year with 59.7%
against 59.6% at the end of 2014.
Boosting by 30% to EUR 39.3 Mio against EUR 30.2 Mio the year before,
incoming orders were at a particularly high level with customers from the
automotive section placing 76% of the new orders, which reflects their
usual turnover share. Revenues generated by innovative technology products
again grew disproportionally by 14.3% to EUR 14.8 Mio, now making up 52% of
SCHWEIZER's turnover (previous year 46%). Sales with America, notably the
US, showed a strong development as well and rose by 81.3% to EUR 2.9 Mio.
"Despite the increasingly challenging market environment we continued our
profitable growth and exceeded the targets we had set ourselves," says Dr.
Maren Schweizer, CEO of Schweizer Electronic AG. "Our order book increased
again, and the very good level of incoming orders underlines the rising
demand for SCHWEIZER's products. We expect a turnover of EUR 115 Mio for
the year 2015, this is a 5% growth against last year. Considering the
unscheduled special effects of EUR 1.7 Mio in the first half of 2015 and
the anticipated negative currency effects of EUR 0.4 Mio for the second
half of 2015, we adjust our profit forecast to EUR 8.0 - 9.0 Mio for the
fiscal year 2015. This forecast lies at the upper end of our previous
expectations and corresponds to an EBIT margin of 7-8%."
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. Within
this network more than 20,000 people are employed in Germany, Japan, China
and Vietnam. Together with its partner Infineon Technologies AG, SCHWEIZER
plans to jointly tap the chip embedding market in future.
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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30.10.2015 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.
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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 Frankfurt (General Standard),
Stuttgart; Regulated Unofficial Market in Berlin
End of News DGAP News Service
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407153 30.10.2015
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