It’s Only Common Sense: Invest in Yourself—You’re Your Most Important Resource
Dan's Biz Bookshelf: 'Revenge of the Tipping Point'
Marcy's Musings: Engineering Economics
Schweizer Electronic Releases Preliminary Figures for 1H 2017
August 3, 2017 | Schweizer Electronic AGEstimated reading time: 1 minute
The Schweizer Group was able to boost its turnover by 6.8% to 61.9 million euro in the first half year 2017 (2016: 58.0 million euro). The turnover increase was achieved across all market regions, but Asia contributed to the largest extent with a 50% sales growth against previous year’s period.
The operating EBITDA (earnings before interest, taxes, depreciation and amortisation) before one-off special factors came up to 5.0 million euro, corresponding to an EBITDA margin of 8.1%. The result, however, was burdened by two one-off special factors. First of all, precautionary accruals of 1.0 million euro had to be created for covering litigation costs. Furthermore, exchange rate-related expenditure arose within the termination process of the energy business. Considering these one-off extraordinary effects, the Group EBITDA amounted to 3.6 million euro in the first half year 2017 (2016: 4.6 million euro). This corresponds to an EBITDA margin of 5.8%. The prospective Group EBIT (earnings before interest and taxes) amounts to -0.4 million euro (2016: 0.9 million euro). The prospective period result was additionally burdened by tax reserves of 0.6 million euro and amounted to -1.1 million euro against 0.5 million euro the year before.
Despite these special factors, Schweizer remains optimistic in view of its future business development. This is justified in view of an order book which amounts to 160 million euro based on the company’s solutions in the fields of sensor applications and CO2 reduction.
Therefore, we increase our turnover forecast for the business year 2017 to a growth of 3% to 5% (before 2% to 4%). Against the background of the one-off extraordinary expenses of the first half year 2017, we expect an EBITDA margin of 7% to 8% (before 8% to 9%).
Final, audited figures for the first half year 2017 will be disclosed on August 14, 2017.
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.
Share on:
Suggested Items
sureCore Now Licensing its CryoMem Range of IP for Quantum Computing
11/26/2024 | sureCoresureCore, the memory specialist, has announced that it is now licensing its CryoMem™ suite of Memory IP that is designed for use at the extremely low temperatures required for Quantum Computing (QC) applications.
IPC Japan Puts More Focus on Collaboration, Standards Development, Advanced Packaging
11/26/2024 | Yusaku Kono, IPC Japan RepresentativeIn the past year, IPC has strengthened its relationships with key Japanese companies and government bodies. This was accomplished, in part, by a visit to Japan this past summer, where members of the IPC Asia team, punctuated by standards committee work last winter, forged stronger ties with government officials and companies involved in electronics manufacturing.
Subdued Electronics Industry Sentiment Continues in November
11/25/2024 | IPCIPC releases November 2024 Global Sentiment of the Electronics Manufacturing Supply Chain report
NEOTech Significantly Improves Wire Bond Pull Test Process
11/25/2024 | NEOTechNEOTech, a leading provider of electronic manufacturing services (EMS), design engineering, and supply chain solutions in the high-tech industrial, medical device, and aerospace/defense markets, proudly announces a major advancement in its wire bond pull testing process, reducing manufacturing cycle time by more than 60% while maintaining industry-leading production yields of over 99.99%.
PCB Design Software Market Expected to Hit $9.2B by 2031
11/21/2024 | openPRThis report provides an overview of the PCB design software market, detailing key market drivers, challenges, technological advancements, regional dynamics, and future trends. With a projected compound annual growth rate (CAGR) of 13.4% from 2024 to 2031, the market is expected to grow from $3.9 billion in 2024 to $9.2 billion by 2031.