DGAP-Media: Schweizer Electronic AG: Midyear Financial Report June 30, 2010 announced
(firmenpresse) - Schweizer Electronic AG / Enterprise
27.08.2010 10:00
Dissemination of a Press Release, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Press Release
dated August 27, 2010
Midyear Financial Report June 30, 2010
- Significant Increase in Revenues by 80%
- EBITDA at 12,8 mio. Euro
- Forecast 2010: Sales to be expected at about 90 to 100 mio. Euro
- Successful growth also by cooperating with Meiko Electronics
- Share price increased by 396 %
Company Figures (in million Euro)The macroeconomic tendencies perceived in the second half of 2009 were
1.Half-Year 1.Half-Year Change in
2010 2009 %
Revenues 51,7 28,7 +80
EBITDA 12,8 -2,6 -
EBIT 10,1 -5,7 -
EBIT excluding extraordinary 5,8 -5,7
effects
EBIT margin 11,2 % -19,9 %
Volume of Orders 100,5 31,0 +224
Incoming Orders 87,2 12,3 +609
Employees (incl. temporary workers, 719 650 +11
as of June 30)
reinforced in the first half year of 2010. Schweizer Electronic AG could
significantly improve their operative results in the first two quarters of
the current year. During this period net revenues were at 51,7 mio. Euro.
Thus, sales could be increased by 80 % compared to the same period of the
previous year. In total, incoming orders amounted to 87,2 mio. Euro during
the six months under report - seven times more than in the same period of
last year.
For 2010 we expect sales of between 90 and 100 mio. Euro at an EBIT margin
of above 9 %. Based on the well-filled order books, capacity utilisation
is secured for the next quarters and we expect a continuously growing
demand for our products.
Within a short time only, our cooperation with Meiko Electronics,
established in April 2009, generated a 7-digits revenue in the industrial
and automotive segments. After having already successfully implemented
first volume projects at the Gangzhou site, the second manufacturing site
in Wuhan/China had recently been qualified, too.
We have published the entire half-annual financial report on our internet
site www.schweizerelectronic.ag under 'Investor Relations/Communications
WpPG 2010'.
Schweizer Electronic AG (WKN 515623) is one of the Top 3 PCB manufacturers
in Europe with recognized technology and consulting expertise in the field
of automobile, solar and industrial electronics. The company was
established in 1849 and is currently managed by the sixth generation of the
family.
Schweizer Electronic is focused on complex multilayer and HDI circuits as
well as solutions for reducing the system cost and improving the
integration of active and passive components on the PC board. In addition,
Schweizer Electronic has many answers to the challenges of modern power
electronics. With its network of partners, Schweizer Electronic AG offers
optimal cost and manufacturing solutions for small, medium and large
series.
Forfurther information please contact
Mr. Rigo Züfle
Investor Relations
Schweizer Electronic AG
Einsteinstraße 10
78713 Schramberg
Phone: 00497422 / 512-133
Fax: 00497422 / 512-414
E-mail: ir(at)schweizerelectronic.ag
27.08.2010 10:00 Ad hoc announcement, Financial News and Press Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: Schweizer Electronic AG
Einsteinstraße 10
78713 Schramberg
Deutschland
Internet: www.schweizerelectronic.ag
End of News DGAP-Media
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Datum: 27.08.2010 - 10:00 Uhr
Sprache: Deutsch
News-ID 32092
Anzahl Zeichen: 0
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Kategorie:
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