DGAP-News: Schweizer Electronic AG: Sales and EBIT of SCHWEIZER in the first Half-Year 2013 fully in Line with Plan - Order Entry more than doubled
(firmenpresse) - DGAP-News: Schweizer Electronic AG / Key word(s): Half Year Results
Schweizer Electronic AG: Sales and EBIT of SCHWEIZER in the first
Half-Year 2013 fully in Line with Plan - Order Entry more than doubled
14.08.2013 / 09:01
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Schramberg, August 14, 2013 - Schweizer Electronic AG today announced its
financial figures for the first half-year 2013. Within this period the
company could achieve sales revenues of 48.9 (previous year 53.7) million
Euro. The EBIT margin amounted to 7.8 % (previous year 6.9 %). Hence
SCHWEIZER confirms its forecast for the current financial year, expecting
sales for PCB to be over 90 million Euro and an EBIT margin of more than 5
%.
Within the first six months of the reporting period, numerous orders were
acquired. With 58.6 million Euro (previous year 28.5 million Euro) order
entries were thus doubled compared to the same period of the previous year.
A continued robust automotive sector accounted for 76.5 % of new orders and
thus proved to be stable with 44.7 million Euro (previous year 45.4 million
Euro).The significant increase of new orders can be attributed to a
recovery of the industry sector which - in the previous year - was
characterized by order postponements and cancellations, particularly in
solar electronics. By way of contrast, new orders from industry electronics
(without solar) developed rather positively in the year 2013. These
amounted to 10.3 million Euro (previous year 2.4 million Euro) and thus
more than quadrupled.
'The sales share of technology products from our innovation focuses Power
Electronics, Embedding and System Cost Reduction increased to 36.9 %',
reports Dr. Marc Schweizer, CEO of the company. 'This underlines the
success of our strategy of developing the PCB from a pure connection
carrier to a system.'
In the first half-year, SCHWEIZER made an equity contribution of 2.2
million Euro to the innovations Joint Venture MEIKO-SCHWEIZER Electronics,
Hong Kong, for the common production line in Hanoi/Vietnam. There, PCBs -
dedicated to European customers in the automotive and industries sectors -
will be manufactured.
This week, SCHWEIZER publishes its half-year financial report as per June
30, 2013, which will be available on
http://www.schweizer.ag/en/investor-relations/financial-reports.html.
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 11,000 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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14.08.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and 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: 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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225785 14.08.2013
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Unternehmensinformation / Kurzprofil:
Datum: 14.08.2013 - 09:01 Uhr
Sprache: Deutsch
News-ID 287497
Anzahl Zeichen: 5046
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