SCHWEIZER successfully started into the Fiscal Year 2011
(firmenpresse) - Schweizer Electronic AG / Key word(s): Enterprise/
SCHWEIZER successfully started into the Fiscal Year 2011
DGAP-Media / 02.05.2011 / 09:06
Schramberg, May 2, 2011 - In the first quarter 2011 Schweizer Electronic AG
also succeeded in unabatedly continuing the dynamic growth they began in
the past year. After the past Fiscal Year had already been completed with
record figures, sales in the first quarter of 2011 even significantly
exceeded expectations. With Sales of 29.1 (previous year. 23.9) mio. Euro,
a plus of 22 % compared to the corresponding quarter of the previous year,
the company impressively underlines this.
Sales generated via the partner network could also be significantly
increased and were, with 2.7 mio. Euro, fourfold higher compared to the
corresponding quarter of the previous year. This is particularly impressive
against the background of the catastrophe in Japan as the strategic partner
Meiko Electronics Co., Ltd. had been affected by the impacts of the Tsunami
and the nuclear catastrophe. As SCHWEIZER is exclusively being served by
the Chinese factories of MEIKO, this does not have any effect on the
operational cooperation between both companies.
Following temporary supply shortages in the previous year, SCHWEIZER's
Management strongly focussed on the improvement of delivery reliability for
customers in the past months. Investments in bottleneck areas as well as
the introduction of an optimized production planning system significantly
improved delivery reliability. For orders which are extremely urgent the
company introduced a Fast Path Lane.
In the meantime SCHWEIZER comes up with an excellent structure of the
balance sheet. The ongoing profit situation is accompanied by an enhanced
debt relief of the company. Net Gearing only amounted to 7 % of own
capital. Equity ratio is at 50 % (previous year 30 %). Total property of
SCHWEIZER has grown to 78.8 (previous year 54.2) mio. Euro.
Despite pending challenges the company looks positively at the development
of the current Fiscal Year. SCHWEIZER encounters possible uncertainties
with regards to a truly self-supporting global upswing, recent incidents in
North Africa and Japan and further cost pressure through increasing prices
on the procurement side with a continuously low fixed cost base and
flexible cost structures.
'We are in good shape and have the skills as well as the expertise to also
continue our successful journey in a slowed-down growth environment.', says
Dr. Marc Schweizer, CEO of Schweizer Electronic AG.
Against this background the company expects a sales increase to up to 110
to 120 mio. Euro with an EBIT margin of 9 % to 10 % (Q1/2011: 9%) for
Fiscal Year 2011. Thus the predicted sales correspond to a growth of 5 % to
15 % compared to the previous year.
Last week SCHWEIZER published their annual report for the Fiscal Year 2010.
About Schweizer:
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.
For further information please contact
Susanne Schorn
Media&Communications
Schweizer Electronic AG
Einsteinstraße 10
78713 Schramberg
Phone: +49 7422 / 512-213
Fax: +49 7422 / 512-397
E-mail: Communications(at)schweizerelectronic.ag
Please visit our website: www.morethanPCBs.com
End of Media Release
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Language: English
Company: Schweizer Electronic AG
Einsteinstraße 10
78713 Schramberg
Deutschland
Phone: 07422-512-301
Fax: 07422-512-397
E-mail: ir(at)schweizerelectronic.ag
Internet: www.schweizerelectronic.ag
ISIN: DE0005156236
WKN: 515623
Listed: Regulierter Markt in Frankfurt (General Standard),
Stuttgart; Freiverkehr in Berlin
End of News DGAP-Media
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122398 02.05.2011
Datum: 02.05.2011 - 09:06 Uhr
Sprache: Deutsch
News-ID 33919
Anzahl Zeichen: 0
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Kategorie:
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