DGAP-News: Schweizer Electronic AG: Annual Result 2012
(firmenpresse) - DGAP-News: Schweizer Electronic AG / Key word(s): Final Results
Schweizer Electronic AG: Annual Result 2012
28.03.2013 / 14:47
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- SCHWEIZER increases dividend proposal to 0.55 Euro per share
- Sales and EBIT in line with expectations
Schramberg, March 28, 2013 - Schweizer Electronic AG today published
results of its fiscal year 2012. Sales of 100.2 million Euro were within
the guidance. In the past year, the company achieved earnings before
interest and tax (EBIT) and before special effects of 5.2 million Euro
(previous year 8.3 million Euro). Thus, the EBIT margin was 5.2 % (previous
year 7.9 %).
Despite the economic uncertainties of the past year, SCHWEIZER succeeded in
keeping its balance sheet structures on a very good level. At the end of
the year 2012 equity amounted to 40.9 million Euro (previous year 42.0
million Euro). The equity ratio was 57.1 % (previous year 59.0 %). With 1.0
million Euro (previous year -1.1 million Euro) net debts were on a
continuously low level.
The annual result of 0.7 million Euro was below the results of the previous
year (6.5 million Euro). A devaluation of the share in Meiko Electronics by
2.8 million Euro burdened the financial result. This measure became
necessary as a reduction of the evaluation the Meiko share at the capital
market occurred. Thus the share in Meiko has been evaluated with 1.8
million Euro (previously 4.6 million Euro) in our financial assets.
In its past fiscal year the company already recorded 32 % of sales with
products and solution from its innovation focuses Power Electronics,
Embedding and System Cost Reduction. With an innovative portfolio SHWEIZER
addresses applications that foster and support energy efficiency and
mobility. The success of such solutions is manifested, among others, by
sales with customers in the automotive industry of 65.3 million Euro in
2012, the highest in the company's history yet.
Consequently, shareholders will benefit from the sustained positive
business results. Hence, the Executive Board and Supervisory Board will
propose to the annual shareholder meeting on July 5, 2013 the distribution
of a dividend of 0.55 Euro per share for the fiscal year. Based on the
increasingly solid economic situation and a debt relief of the company to
the largest extent, SCHWEIZER is able to increase the dividend for the
second time in succession. According to the dividend policy of SCHWEIZER,
the dividend is scaled on the basis of the freely available liquidity.
The company will publish results for the first quarter of the current
fiscal year on April 26, 2013. The annual report for the year 2012 is
available on
http://www.schweizer.ag/de/investorrelations/finanzberichte.html . An
English version of this report will be available soon.
About Schweizer:
Schweizer Electronic AG is a global best-in-class technology company,
manufacturing premium PCBs, innovative solutions and services for
automotive, solar and industry electronics. Based on recognized technology
and consultancy competencies, SCHWEIZER's products and systems address
central 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 Contag GmbH and Meiko Electronics 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 13,000 people in Germany, Japan, China and Vietnam.
With about 700 employees SCHWEIZER achieved sales of 100.2 million Euro in
Fiscal Year 2012 (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
Susanne Schorn
Media&Communications
Schweizer Electronic AG
Einsteinstraße 10
78713 Schramberg
Phone: +49 7422 / 512-213
Fax: +49 7422 / 512-777-213
E-mail: Communications(at)schweizer.ag
Please visit our website: www.morethanPCBs.com
End of Corporate News
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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: ir(at)schweizer.ag
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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205558 28.03.2013
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Datum: 28.03.2013 - 14:47 Uhr
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News-ID 244154
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