DGAP-News: SCHWEIZER continues Successful Course in the First Half Year
(firmenpresse) - DGAP-News: Schweizer Electronic AG / Key word(s): Half Year Results
SCHWEIZER continues Successful Course in the First Half Year
26.08.2011 / 08:45
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Schramberg, August 26, 2011 - In the first half year of 2011 Schweizer
Electronic AG was able to continue the successful course of the previous
year. After the past Fiscal Year had already been completed with record
figures, sales in the first half of 2011 even exceeded expectations. In the
first half year, sales volume increased to 58.0 million Euro (previous year
50.8 million Euro), a plus of 14 % compared to the corresponding first half
of the previous year. EBITDA was at 8.2 million Euro and EBIT was at 5.7
million Euro. Based on these results, earnings per share were 1.27 Euro for
the first half year 2011, an increase by 15 % compared the same period of
last year, adjusted by special effects.
This increase resulted mainly from customers in the automotive and industry
segments. With sales of 30.2 million Euro (previous year 25.2 million
Euro), the automotive segment represents 52 % (previous year 50 %) of total
sales of the first half year. This success was primarily achieved through
SCHWEIZER's innovative solutions within the fields of System Cost Reduction
and Power Electronics which precisely meet requirements of the automotive
industry. The industry segment, too, grew disproportionately in the first
half year 2011. Sales of 10.4 million Euro (previous year 5.8 million Euro)
was supported by a positive market development in the field of control
electronics. In the first months of 2011, the market for photovoltaic was
characterized by insecurity and weak business volumes on our customers'
side. For SCHWEIZER this lead to noticeable declines in sales in this
customer segment. Whereas in the first half year 2010 sales of 15.9 million
Euro could be achieved, sales in the first half year of 2011 were reduced
by 18 % to 13.0 million Euro.
In the past months the company's financial stability was further
significantly improved and the balance sheet grounds on a solid foundation.
This is sustained by an equity ratio of more than 50 % and a net gearing of
smaller 5 %. The financial situation allows for a well-resourced
entrepreneurial room to move and is the basis for SCHWEIZER's
diversification strategy.
The company strategy is focused on the Asian growth region as a complement
to its European business. Furthermore, the concentration on the dynamic
topics mobility and energy efficiency in the sales segments Automotive,
Solar and Industry opens up disproportional growth opportunities. In
parallel, SCHWEIZER accordingly and consistently gears its portfolio to
mastering the challenges of its target markets by offering a range of
technological possibilities, which can be combined with one another in a
modular manner. The implementation of this strategy is based on the
company's structuring into four business segments. The existing segments of
PCBs and Tracing are to be expanded. The Systems and Energy segments are
being established and their structure will contribute to the complementary
enhancement of the existing business areas. The creation of these new
segments represents a first step in the tactical implementation of
SCHWEIZER's diversification strategy. In the context of this
diversification strategy, the company announced the foundation of Schweizer
Energy Pte. Ltd. in Singapore in May. This new company is at the centre of
developing Asian markets in the field of energy generation and energy
storage.
Globally, first insecurities caused by the debt crises are looming ahead.
Nevertheless the company confirms its expectations for the Fiscal Year 2011
for a sales increase of up to 110 to 120 million Euro and an EBIT-Margin of
9 % to 10 %.
This week SCHWEIZER publishes its Half Year Report for the year 2011. The
report is available on www.schweizer.ag.
About Schweizer:
Schweizer Electronic AG is a leading manufacturer of 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 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 750 employees SCHWEIZER achieved sales of 105.4 million Euro in
Fiscal Year 2010 (ending December). The company was founded in 1849, is
managed by family members and listed at the Stuttgart Stock Exchange
(ticker symbol 'SCE', 'WKN515623').
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)schweizer.ag
Please visit our website: www.morethanPCBs.com
End of Corporate News
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26.08.2011 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)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 News-Service
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137040 26.08.2011
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Datum: 26.08.2011 - 08:45 Uhr
Sprache: Deutsch
News-ID 59560
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Kategorie:
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