-
- News
- Books
Featured Books
- pcb007 Magazine
Latest Issues
Current IssueThe Growing Industry
In this issue of PCB007 Magazine, we talk with leading economic experts, advocacy specialists in Washington, D.C., and PCB company leadership to get a well-rounded picture of what’s happening in the industry today. Don’t miss it.
The Sustainability Issue
Sustainability is one of the most widely used terms in business today, especially for electronics and manufacturing but what does it mean to you? We explore the environmental, business, and economic impacts.
The Fabricator’s Guide to IPC APEX EXPO
This issue previews many of the important events taking place at this year's show and highlights some changes and opportunities. So, buckle up. We are counting down to IPC APEX EXPO 2024.
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - pcb007 Magazine
Schweizer Electronic Releases 28th Annual Shareholders‘ Meeting Results
July 7, 2017 | Schweizer Electronic AGEstimated reading time: 2 minutes
Shareholders present at Schweizer Electronic AG’s 28th Annual Shareholders‘ Meeting on July 7, 2017 followed the proposal submitted by the executive and supervisory boards and agreed to pay a dividend of 0.65 Euro per share for the fiscal year 2016. This corresponds to a dividend ratio of 45.4% after allocation to the profit reserves. Thus, the dividend of Schweizer Electronic AG remains stable. Furthermore, Schweizer again will have employees participate in the company’s success with a pay-out amounting to 525,000 Euro this year and this way expresses their appreciation for the outstanding contribution. Furthermore, the supervisory board of Schweizer Electronic AG extended the period of office of the management board members Nicolas Schweizer and Marc Bunz by another five years.
The shareholders’ meeting approved the actions of the managing board and the supervisory board for the year 2016 with a vast majority. Beyond the proposal for paying a dividend, the plenum, which gathered in Rottweil, agreed to all other proposals concerning the election of the supervisory board with a vast majority. With about 183 shareholders joining the meeting, 69.24 % of the share capital was represented. In addition, about 40 guests were present.
In their speeches, board members Nicolas Schweizer and Marc Bunz reported on a dynamic fiscal year 2016 where Schweizer managed to stabilise its turnover with a slight increase of 0.5 percent to 116.1 million euro, while the global PCB market declined again. Sales of Schweizer’s innovative high technology products boosted by 5 percent and accounted for 55 percent of the total turnover. Moreover, first orders to customers from the aviation sector were carried out in the last fiscal year, contributing to the year-end result. This business is forecasted to grow considerably as the entire aviation sector expects disproportionately high market growth rates in the years to come.
In 2016 the EBITDA according to IFRS (earnings before interest, taxes, depreciation and amortisation) amounted to 9.5 million euro against 11.4 million euro the year before. The EBITDA margin came to 8.2% in 2016 compared to 9.8% in 2015. The EBIT (earnings before interest and taxes) was 1.8 million euro (2015: 3.7 million euro), corresponding to an EBIT margin of 1.6% (2015: 3.2%). With an equity capital of 64.8 million euro corresponding to an equity ratio of 55.1% and net gearing of -1.5 % the company’s financial structures continued to remain on a solid level.
Substantial new product startups with a lower rate of return in the ramp-up phase, disproportionally increasing personal cost as well as a comprehensive investment programme burdened the year end result, which decreased to 0.6 million euro in 2016 (2015: 1.5 million euro). Investments into fixed assets and software amounted to 9 million euro in 2016. Emphasis of these investments was on the one hand on the elimination of bottlenecks, which had occurred due to the increasing technology requirements of the product portfolio. On the other hand, Schweizer invested strongly into the expansion of its high-technology plants as well as into a combined heat- and power plant on its premises.
About Schweizer
Schweizer Electronic AG stands for state-of-the-art technology and consultancy competence. Schweizer’s premium printed circuit boards and innovative solutions and services for automotive, solar, industry and aviation electronics address key challenges in the areas of Power Electronics, Embedding and System Cost Reduction. Its products are distinguished for their superior quality and their energy-saving and environmentallyfriendly features. Together with its partners WUS Printed Circuit (Kunshan) Co., Ltd., Meiko Electronics Co. Ltd. and Elekonta Marek GmbH & Co. KG the company offers in its division electronics cost- and productionoptimised solutions for small, medium and large series. Together with its partner Infineon Technologies AG, Schweizer plans to jointly tap the chip embedding market in future.
Suggested Items
Electronics Industry Sentiment Rose in April, Hitting New High
05/02/2024 | IPCApril 2024 marked the third consecutive month of sentiment growth among electronics manufacturers. When asked if they expected labor costs for hourly workers to rise over the next month, manufacturers in the United States, Mexico, and Europe predicted a five percent increase, while manufacturers in Asia predicted a slightly lower four percent increase.
iNEMI Names Grace O'Malley CTO
05/02/2024 | iNEMIThe Board of Directors of the International Electronics Manufacturing Initiative (iNEMI) has named Grace O'Malley Chief Technical Officer (CTO).
ZESTRON Academy Launches 2024 Advanced Packaging & Power Electronics Webinar Series
05/01/2024 | ZESTRONZESTRON, the leading global provider of high-precision cleaning products, services, and training solutions in the electronics manufacturing and semiconductor industries, proudly announces the launch of its highly anticipated webinar series on Advanced Packaging & Power Electronics, a webinar series on the latest innovations, cleaning, and corrosion challenges.
NextFlex Convenes the Hybrid Electronics Community at Binghamton University
05/01/2024 | NextFlexBinghamton University hosted the NextFlex hybrid electronics community on April 18 for a day of expert presentations, breakout sessions on technology and manufacturing topics, and networking.
HQ NextPCB of HQ Electronics Debut on the International Stage for Electronics Manufacture at IPC APEX 2024
05/01/2024 | PRNewswireHQ NextPCB of HQ Electronics, a leading Chinese-based multilayer PCB manufacturer and assembly house showcased its industrial prowess on the international stage for the first time at the IPC APEX Expo 2024.