Driving Innovation: Depth Routing Processes—Achieving Unparalleled Precision in Complex PCBs
It's Only Common Sense: The Evolution of Prospecting
Dan's Biz Bookshelf: 'Apple in China: The Capture of the World’s Greatest Company'
Schweizer: Preliminary Unaudited Group Figures for Fiscal Year 2019
March 18, 2020 | Schweizer Electronic AGEstimated reading time: 2 minutes
According to preliminary unaudited figures, the SCHWEIZER Group achieved a turnover of 120.7 million euro for the fiscal year 2019 which is at the lower end of the projected range of 120?125 million euro (previous year: 125.3 million euro). The EBITDA (earnings before interest, taxes, depreciation and amortisation) of 0.1 million euro (previous year: 9.2 million euro) corresponds to an EBITDA margin of 0.1% (previous year: 7.3%) and is also in line with our adjusted forecast for 2019. The Group EBIT (earnings before interest and taxes) amounted to -6.5 million euro (previous year: 1.6 million euro) and corresponds to an EBIT margin of -5.4% (previous year: 1.3%).
Turnover development
In the first half year 2019 SCHWEIZER was hit by the slowdown of demand in the automobile as well as the industry sectors leading to a turnover decline of 5.7%. The turnover recovered in the second half year showing only a minus of 1.6% against previous year’s period. While the business through our Asian partners WUS and Meiko developed on an outstanding note with a plus of 53%, sales from our parent plant in Schramberg were not satisfactory with a reduction of -17.5% against previous year’s period. The weak economic climate of the European automobile industry as well as the decline in machine construction showed a visible impact here.
Gross margin and operative result
Gross earnings amounted to 12.6 million euro (2018: 18.6 million euro). The gross margin reduced from 14.8% in the previous year to 10.5%. Main reasons for this decline were the sharply rising turnover share of printed circuit boards manufactured by our partners in Asia and the simultaneous decline in our own production. Due to the business model, gross margins in the trading business are lower than those of own production. The low capacity utilisation in particular burdened the profitability in Schramberg. Administration cost in Schramberg reduced due to cost savings and short-time work in the administrative functions. Expenditures for the construction of the plant in China as well restructuring cost in Schramberg, however, had a contrary effect in this area, so that the administration cost in total increased by 2.7%. The operative loss (EBIT) amounted to 6.5 million euro. Depreciations amounted to 6.6 million euro resulting in an EBITDA of 0.1 million euro (previous year: 9.2 million euro). Without the ramp-up losses in connection with the China project as well as the restructuring expenditures the EBITDA would have amounted to 5.1 million euro and the EBITDA margin to 4.2%. Early in 2019, the Management had initiated comprehensive cost savings in the areas of material and personnel cost. Positive effects from these measures will have their full impact in the year 2020.
Investment project China
The construction of the production and administrative building could be finalised in the year 2019 according to plan. Despite the outbreak of the Corona virus, all employees could have returned to their workplace in the meantime, so that we currently expect the start of series production slightly delayed by mid-April. Final, audited figures for the business year 2019 as well as a detailed forecast for the current business year will be disclosed on April 21, 2020.
Share on:
Testimonial
"Advertising in PCB007 Magazine has been a great way to showcase our bare board testers to the right audience. The I-Connect007 team makes the process smooth and professional. We’re proud to be featured in such a trusted publication."
Klaus Koziol - atgSuggested Items
I-Connect007 Editor’s Choice: Five Must-Reads for the Week
08/15/2025 | Marcy LaRont, I-Connect007In our industry, my top reads include Prashant Patel’s overview and argument for reshoring, which I found to be a great general overview and breakdown. In further support of the onshoring/reshoring message, I’m highlighting Nolan Johnson’s interview on the survey and report by the Reshoring Initiative. Check out my interview with USPAE’s Jim Will on the state of the flat panel display (FPD) industry and the risks associated with it for U.S. defense and critical infrastructure products.
Global Electronics Industry Remains Under Pressure from Rising Costs
08/04/2025 | Global Electronics AssociationThe global electronics manufacturing supply chain remains under pressure from rising costs, with 61% of firms reporting higher material costs and 54% noting increased labor expenses. according to the Global Electronics Association’s Sentiment of the Global Electronics Manufacturing Supply Chain Report.
Statement from the Global Electronics Association on the July 2025 Tariff on Copper Foil and Electronics-Grade Copper Inputs
07/31/2025 | Global Electronics AssociationWe are disappointed by today’s decision to impose a 50% tariff on imported copper foil and other essential materials critical to electronics manufacturing in the United States.
Direct Metallization: A Sustainable Shift in PCB Fabrication
07/31/2025 | Jim Watkowski, Harry Yang, and Mark Edwards, MacDermid Alpha Electronics SolutionsThe global electronics industry is undergoing a significant transformation, driven by the need for more resilient supply chains and environmentally sustainable manufacturing practices. Printed circuit boards (PCBs), the backbone of interconnection for electronic devices, are at the center of this shift. Traditionally, PCB fabrication has relied heavily on electroless copper, a process that, while effective, is resource-intensive and environmentally hazardous. In response, many manufacturers are turning to direct metallization technologies as a cleaner, more efficient alternative.
Considering the Future of Impending Copper Tariffs
07/30/2025 | I-Connect007 Editorial TeamThe Global Electronics Association is alerting industry members that a potential 50% tariff on copper could hit U.S. electronics manufacturers where it hurts.