DGAP-News: Schweizer Electronic AG: SCHWEIZER successfully completes third quarter and increases forecast for Fiscal Year 2013
(firmenpresse) - DGAP-News: Schweizer Electronic AG / Key word(s): Interim Report
Schweizer Electronic AG: SCHWEIZER successfully completes third
quarter and increases forecast for Fiscal Year 2013
08.11.2013 / 09:00
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Schramberg, November 8, 2013 - Schweizer Electronic AG today announces
their financial figures for the third quarter 2013, ending September 30.
Highest values each for order entry, sales and EBIT margin confirm the
positive development of the current fiscal year. Continuous improvements
resulted in the fact that SCHWEIZER increases its sales expectations for
the PCB business from more than EUR 90 million to approx. EUR 100 million
and expects an EBIT margin of 7.0 - 7.5 % (up to now more than 5 %).
From July to September, the company achieved sales of EUR 26.7 million
(previous year EUR 23.8 million). Thus, sales increased by approx. 12 %
compared to the same period in 2012 and therefore exceeds the company's
expectations. Earnings before interest and taxes (EBIT) amounted to EUR 3.3
million (previous year EUR 1.2 million). This corresponds to an EBIT margin
of 12 % (previous year 5 %).
With an order entry of EUR 35.2 million (previous year EUR 20.4 million),
the company registered an increase of 73 % compared to the third quarter of
the previous year. The positive development was driven particularly by
customers from the automotive and industry segment.
'In the current fiscal year we still expect a declining European PCB market
in the range of around 10 %. We were able to clearly resist this trend',
says Dr. Marc Schweizer, CEO of Schweizer Electronic AG. 'There are
primarily three reasons which allow the company to positively look at the
coming years. Firstly: the right products, based on innovations addressing
today's megatrends mobility and energy efficiency; secondly the right
strategy, which will generate added value for our customers and thirdly our
presence in the right, namely the growing regions, like Asia.'
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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08.11.2013 Dissemination of a Corporate News, transmitted by DGAP - a
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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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238743 08.11.2013
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Datum: 08.11.2013 - 09:00 Uhr
Sprache: Deutsch
News-ID 314312
Anzahl Zeichen: 5805
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