-
- News
- Books
Featured Books
- pcb007 Magazine
Latest Issues
Current IssueDon’t Just Survive, Thrive
If we are to be relevant and prosper during these next critical decades in electronics, we must do more than survive. As an industry, we can and must thrive. In this issue, our contributors explore these concepts meant to help you take your business to the next level.
Material Matters
Materials management is nuanced, multifaceted, and requires a holistic systems approach for business success. When building high mix, low volume, and high technology, managing materials and overall cost containment are even greater challenges.
Additive Manufacturing
In this month’s issue, we explore additive manufacturing technology for the PCB fabricator: where it stands today, the true benefits, and where it seems to be headed.
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - pcb007 Magazine
Schweizer Electronic Posts Business Performance in Q3 2022
November 7, 2022 | Schweizer Electronic AGEstimated reading time: 2 minutes
![](https://iconnect007.com/application/files/2816/9540/5861/market_sales_revenue_adobestockfree_Aug2022.jpeg)
Despite a challenging market environment, new orders rose by +18.7 percent in the first three quarters of 2022 compared to the volume of the same period the previous year and amounted to EUR 152.7 million (9M 2021: EUR 128.6 million). Although the dynamic increase in new orders lost some momentum in the third quarter, an increase of +23.7 percent was still able to be recorded compared to the same period in 2021.
At the end of the third quarter of 2022, the order book amounted to EUR 249.1 million (31 December 2021: EUR 191.8 million), reaching another record high compared to the last four years.
With sales of EUR 99.8 million (9M 2021: EUR 90.3 million) in the first three quarters, a sales increase of +10.5 percent was achieved compared to the same period in the previous year. Sales to automotive customers amounted to EUR 69.0 million (9M 2021: EUR 65.1 million), which corresponds to an increase of +6.1 percent compared to the same period of the previous year. Sales to industrial customers and other customers increased by +22.0 percent to EUR 30.8 million (9M 2021: EUR 25.2 million) compared to the same period of the previous year.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) were unchanged at EUR -6.9 million (9M 2021: EUR -6.9 million). The EBITDA ratio was -6.9 percent (9M 2021: -7.6 percent). A positive Group EBITDA of EUR +0.2 million was achieved in the third quarter. In the Group excluding China, EBITDA amounted to EUR +4.7 million in the first three quarters of the year (9M 2021: EUR +6.0 million).
Forecast / outlook
For the 2022 financial year, the Executive Board continues to expect sales growth of +5 to +15 percent (just under EUR 130 to 140 million) for the year as a whole.
The noticeable slowdown in the economy due to energy prices and the ongoing war in Ukraine and the still prevailing shortage of components, especially for the automotive industry, are slowing down further sales growth. This is reflected in strongly fluctuating customer call-offs. Despite these adverse factors, the Executive Board confirmed its forecast, but the risks are growing. The sales growth achieved in the first three quarters and the order book for the fourth quarter underpin the forecast.
Furthermore, the forecast for the EBITDA ratio of -4 to -8 percent is maintained.
Due to the restructuring measures implemented at the China site in the first quarter of 2022, earnings are expected to improve in the second half of the year. While the EBITDA ratio was still -11 percent in the first half of the year, it improved to +0.6 percent in the third quarter. As a result, the expected effects of improvement in earnings have materialised. In contrast to the positive restructuring effects, the Executive Board expects a burden in the fourth quarter due to rising material costs, which can only be partially covered by efficiency increases and passed on by price increases.
The Group’s equity ratio was 1.4 percent at the end of September. The equity ratio of the parent company, Schweizer Electronic AG, remained above 30 percent. Further development will largely depend on the after-tax result in the fourth quarter and the successful implementation of a capital increase in the Chinese unit by external investors. If the latter is successful, the Group equity ratio can reach the target value of 6 to 11 percent.
Depending on how the entry of external investors in Schweizer Electronic in China is structured, there may not only be changes in equity, but also in sales and earnings forecasts. Due to ongoing negotiations, effects on the forecast key figures cannot be ruled out.
Suggested Items
Celestica Announces Q2 2024 Financial Results
07/26/2024 | CelesticaCelestica Inc., a leader in design, manufacturing, hardware platform and supply chain solutions for the world's most innovative companies, announced financial results for the quarter ended June 30, 2024 (Q2 2024)†.
Rogers Corporation Reports Q2 2024 Results
07/26/2024 | Rogers CorporationNet sales of $214.2 million increased 0.4% versus the prior quarter resulting from higher sales in the EMS business unit. EMS net sales increased by 10.5% primarily from higher EV/HEV and portable electronics sales, partially offset by slightly lower aerospace and defense (A&D) sales.
Amphenol Reports Record Q2 2024 Results and Announces Dividend Increase
07/26/2024 | Amphenol CorporationThe Company continues to deploy its financial strength in a variety of ways to increase shareholder value. During the quarter, the Company purchased 3.1 million shares of its common stock for $190 million and paid dividends of $132 million, resulting in total capital returned to shareholders of more than $320 million.
Flex Reports Q1 Fiscal 2025 Results, Announces Chief Financial Officer Transition
07/25/2024 | Flex"We delivered another solid quarter, including year-over-year margin expansion and EPS growth," said Revathi Advaithi, CEO of Flex. "Our results show we continue to navigate through the dynamic cycle and drive value to our stakeholders."
NCAB Releases Interim Report, January–June 2024
07/25/2024 | NCABNet sales decreased by 12% to SEK 935.1 million (1,057.5). In USD, net sales decreased 13%. For comparable units, net sales decreased 15% in both SEK and USD.