05.07.2016
Schweizer Electronic AG DE0005156236
DGAP-News: Schweizer Electronic AG: Dividend stable with 0.65 Euro
DGAP-News: Schweizer Electronic AG / Key word(s): AGM/EGM/Dividend
Schweizer Electronic AG: Dividend stable with 0.65 Euro
05.07.2016 / 15:25
The issuer is solely responsible for the content of this announcement.
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Schramberg, July 5, 2016 - Shareholders present at Schweizer Electronic
AG's 27th Annual Shareholders' Meeting on July 1, 2016 followed the
proposal submitted by the Executive and Supervisory Boards and agreed to
pay a dividend of 0.65 Euro per share for the fiscal year 2015. This
corresponds to a dividend ratio of 45% after allocation to the profit
reserves. Thus, the dividend of Schweizer Electronic AG remains stable.
Furthermore, SCHWEIZER again will have employees participate in the
company's success with a pay-out amounting to 500,000 Euro and this way
expresses their appreciation for the outstanding contribution.
Beyond the proposal for paying a dividend, the plenum, which gathered in
Rottweil, agreed to all other proposals with a vast majority. The proposals
concern the acquirement of up to a total of 10% of the company's own share
capital, the procurement of newly approved capital of up to 50% of the
share capital as well as the procurement of conditional capital with a
maximum nominal value amount of 35 million Euro. With about 177
shareholders joining the meeting, 75% of the share capital was represented.
In addition, about 50 guests were present.
In their speeches Nicolas Schweizer, Deputy CEO and Marc Bunz, CFO,
reported on a successful business year, where SCHWEIZER managed again to
grow by 4.8% thus bucking the trend of the world-wide market which declined
by 3.7%. As already announced, sales increased to 115.6 million Euro.
Growing disproportionately by 19% to a total amount of 60.3 million Euro,
the products of SCHWEIZER's innovative product portfolio were leading in
the turnover development, accounting for more than 50% of the total
turnover already. With an increase of 25% SCHWEIZER also achieved record
growth rates in order income and in the order book. In addition, the
company managed to expand its customer portfolio by entering the aviation
sector: first serial orders will be delivered within the next weeks and new
orders have already been received for coming business periods.
In 2015, SCHWEIZER reported its financial statements according to IFRS
standards for the first time. EBIT after special effects amounted to 3.7
million Euro against 3.0 million Euro the year before. Before special
effects, the EBIT amounted to 5.8 million Euro. The company continues to
build on solid financial structures with an equity capital of 67.4 million
Euro (equity ratio 56.5%) and a net gearing ratio of - 5.1%.
The Shareholders' Meeting approved the actions of the Managing Board and
the Supervisory Board for the year 2015 with a vast majority. The long-
standing member Christoph Schweizer was re-elected into the Supervisory
Board, Ms. Karin Sommermoser, CFO of Zumtobel AG, was elected as his
personal substitute member. Simultaneously,
Dr. Stephan Zizala, Vice President and General Manager Business Line
Automotive Power at Infineon Technologies AG, Neubiberg, was elected member
of the Supervisory Board.
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 115.6 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").
For further information please contact
Christina Blake
Media & Communications
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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05.07.2016 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 Frankfurt (General Standard),
Stuttgart; Regulated Unofficial Market in Berlin
End of News DGAP News Service
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