DGAP-News: Schweizer Electronic AG: Noticeable upswing in new orders characterizes first quarter 2013
(firmenpresse) - DGAP-News: Schweizer Electronic AG / Key word(s): Interim Report
Schweizer Electronic AG: Noticeable upswing in new orders
characterizes first quarter 2013
26.04.2013 / 07:00
---------------------------------------------------------------------
Schweizer Electronic AG today announced their financial figures for the
first quarter 2013. Within this period, the company achieved sales revenues
of 23.6 (previous year 28.4) million Euro. Thus, sales were 17 % lower with
regards to the comparison period in 2012 and are in line with the company's
expectations. The result before interest and tax (EBIT) amounted to 1.3
million Euro (previous year 2.2 million Euro). EBIT margin was hence at 6 %
(previous year 8 %).
With an order entry of 27.4 million Euro (previous year 22.7 million Euro)
in the reporting period, the company registered an increase of 21 %
compared to the previous year. This positive development was particularly
shaped by customers from the automotive segment, who still acted cautiously
in the previous year.
The equity ratio, too, developed positively and increased to 41.9 million
Euro (Dec. 31, 2012: 40.9 million Euro) in the reporting period. The
balance sheet total increased, compared to year's end. This is particularly
due to liabilities resulting from deliveries and services which grew by 1.9
million Euro to 5.4 million Euro. As a consequence, equity ratio slightly
decreased to 56 % (Dec. 31, 2012: 57 %). Liabilities increased due to the
noticeably raised sales and order entry in the first quarter.
'With regards to a declining European market and despite increased order
entry we remain cautiously optimistic. In autumn last year, we have already
initiated measures to stabilize our margin and have thus prepared ourselves
for a difficult market environment. Beyond these measures we have
accelerated the internationalisation of our division Electronic and will
deploy the division Energy with a tapered business model. This way,
SCHWEIZER will be increasingly represented in Asia and can profit from the
growth in this region', says Dr. Marc Schweizer, CEO of Schweizer
Electronic AG.
Based on the insights at hand and the development of the European markets,
the company expects sales for its PCB business of more than 90 million Euro
as well as an EBIT margin of more than 5 % for the current fiscal year.
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
---------------------------------------------------------------------
26.04.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
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
---------------------------------------------------------------------
208626 26.04.2013
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 26.04.2013 - 07:00 Uhr
Sprache: Deutsch
News-ID 253223
Anzahl Zeichen: 7223
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 276 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: Schweizer Electronic AG: Noticeable upswing in new orders characterizes first quarter 2013"
steht unter der journalistisch-redaktionellen Verantwortung von
Schweizer Electronic AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
