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Schweizer Announces Preliminary Results for 1H2022
August 1, 2022 | Schweizer Electronic AGEstimated reading time: 1 minute
According to preliminary figures, the SCHWEIZER Group achieved consolidated sales of EUR 64.6 million in the first half of 2022 (first half of 2021: EUR 59.4 million). This corresponds to a sales growth of +8.8% compared to the same period last year. Thanks to a continued good order intake in the second quarter, the order backlog thus increased to EUR 242.4 million (31.12.2021: EUR 191.8 million).
The provisional EBITDA (earnings before interest, taxes and amortisation) amounted to EUR -7.1 million (first half of 2021: EUR -5.2 million). The EBITDA ratio is thus -11.0% (first half of 2021: -8.8%) and was therefore below our expectations.
The main cause is a delay in the positive effects of the measures introduced to improve earnings in the Chinese subsidiary.
Against the backdrop of the increased uncertainties over the course of the year, the Executive Board has decided to update the forecast for the current financial year. The Executive Board expects sales growth in the range of +5 to +15% (previously: +10 to +20%). The forecast for the EBITDA ratio has been adjusted to -4% to -8% (previously: +1% to -4%).
The investor discussions held to ensure sufficient liquidity for the Chinese subsidiary are making good progress. From today’s perspective, the aim is to implement the capital measures in China in the second half of the year.
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