Schweizer Electronic Reports 6.8% Sales Increase in 1H 2017

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The Schweizer Group increased sales by 6.8% to 61.9 million euro in the first half year 2017 (2016: 58.0 million euro). Thanks to the investments undertaken in the fiscal year 2016, the production output from the Schramberg site even boosted by 9.2% to 57.0 million euro. While the turnover increase was achieved across almost all market regions, Asia contributed to the largest extent with a 50% sales growth against previous year’s period. Order income amounted to 64.0 million euro, so that the order book rose to 160.5 million euro, with 63.2 million euro planned for delivery in 2017. Compared to the previous year, the order income from industry customers was particularly dynamic: The order book for this customer group increased by 80 percent to 29.3 million euro. The automotive sector, however, still represents the biggest customer group.   

The Group EBITDA (earnings before interest, taxes, depreciation and amortisation) 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% (2016: 7.9%). The Group EBIT (earnings before interest and taxes) amounts to -0.4 million euro (2016: 0.9 million euro), corresponding to an EBIT margin of -0.7% (2016: 1.5%).   

Supply bottlenecks of individual materials led to disproportionately high purchase price increases in the second quarter 2017. Also, the two-percent salary increase became effective on April 1st, 2017. Furthermore, special effects of in total 1.4 million euro had a negative impact on the result of the second quarter. The operating EBITDA before one-off special effects came up to 5.0 million euro, corresponding to an EBITDA margin of 8.1%. The 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.

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.