DGAP-News: Schweizer Electronic AG: Sales in the first Quarter 2012 exceed expectations
(firmenpresse) - DGAP-News: Schweizer Electronic AG / Key word(s): Interim Report
Schweizer Electronic AG: Sales in the first Quarter 2012 exceed
expectations
02.05.2012 / 08:30
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Schramberg, May 2, 2012 - Schweizer Electronic AG started into the current
fiscal year with robust results, despite the continuous weak solar market.
In the first quarter 2012 sales volume amounted to 28.4 million Euro
(previous year 29.1 million Euro) and thus exceeded the company's
expectations by about 10 %. Earnings before interest and tax (EBIT)
accounted for 2.2 million Euro (previous year 2.7 million Euro). EBIT
Margin was thus at 8 % (previous year 9 %).
Sales mainly split up into three customer segments. With 65 % (previous
year 55 %) the automotive segment achieved an outstanding share in total
sales and therefore accounted for the biggest growth, followed by the
Industry segment with 19 % (previous year 16 %). Due to shifts in markets
and further increasing price pressure the Solar segment only had a share of
10 % (previous year 22 %).
During the reporting period SCHWEIZER invested 5.2 million Euro. Thereof
4.3 million Euro have been allotted to the capital payment for the division
Energy into SCHWEIZER Pte. Ltd. in Singapore and 0.9 million Euro to
tangible assets of the division Electronic. Funds that have been paid for
setting-up the division Energy had been acquired in the context of a
capital increase at the end of 2010.
'After we succeeded in further improving the excellent structures of our
balance sheet compared to the first quarter of the previous year, our
balance sheet structures are meanwhile on top level', comments Dr. Marc
Schweizer, CEO Schweizer Electronic AG. 'As far as sales for the remaining
three quarters of the current fiscal year are concerned, we assume that the
market will shift, however, do expect sales in the range of between 105 and
110 million Euro with stable margin in the range of 8 - 10 % EBIT.'
.
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 15,000 people in Germany, Japan, China and Vietnam.
With about 700 employees SCHWEIZER achieved sales of 105.4 million Euro in
Fiscal Year 2011 (ending December). The company was founded in 1849, is
managed by family members and listed at the Stuttgart Stock Exchange
(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 / 512-397
E-mail: Communications(at)schweizer.ag
Please visit our website: www.morethanPCBs.com
End of Corporate News
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02.05.2012 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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