Marcy’s Musings: The Legislative Outlook—Helping or Hurting?
It’s Only Common Sense: The Phone Is Still Mightier Than the Keyboard
The Marketing Minute: Marketing With Layers
Schweizer Electronic AG: Preliminary Group Figures for 2022 and Outlook for the Year 2023
April 12, 2023 | Schweizer Electronic AGEstimated reading time: 1 minute
Based on preliminary and as yet unaudited figures, the SCHWEIZER Group achieved consolidated revenues of 131.0 million Euro for the 2022 financial year. This corresponds to an increase of 6.8% compared to the previous year (forecast: +5% to +10%).
The EBITDA (earnings before interest, taxes, depreciation and amortization) amounted to -12.3 million Euro, which corresponds to a rate of -9.4% (forecast: -4% to -8%) and was thus below our expectations. The start-up losses of the Chinese subsidiary and the overall increase in energy and material prices, especially in Germany, had a particularly negative impact on the result.
Equity decreased to -8.8 million Euro, which corresponds to an equity ratio of -5.5% (31.12.2021: +5.3%), mainly due to the negative consolidated result. Thus, the forecast equity ratio in a range of 6% to 11% could not be achieved. The forecast was made sub-ject to the entry of a new investor in Schweizer Electronic in China by the end of the year. As reported, the investor WUS Printed Circuit (Kunshan) Co., Ltd, based in China, signed a Share Transfer agreement for the majority takeover of Schweizer China on 22 December 2022, but it will only become effective in 2023 after approval by the share-holders' meeting of WUS. Thus, the signing of the purchase agreement in 2022 did not yet have a positive effect on equity.
Compared to the previous year, the consolidated result decreased by EUR -7.3 million to EUR -33.5 million Euro (2021: EUR -26.2 million).
The fact that SCHWEIZER is in the phase of implementing the majority sale of the Chinese unit Schweizer Electronic (Jiangsu) Co., Ltd. has a significant influence on the forecast for 2023. The forecast assumes that the contract with the investor WUS Printed Circuit (Kunshan) Co., Ltd. will be closed in April 2023. Under this assumption, revenue growth of between +5% and +10% compared to the 2022 financial year and an EBITDA ratio of between +4% and +6% are expected. Due to the deconsolidation of the Chinese unit, the management expects to close the 2023 financial year with a Group equity ratio of between +25% and +30%.
Share on:
Testimonial
"Our marketing partnership with I-Connect007 is already delivering. Just a day after our press release went live, we received a direct inquiry about our updated products!"
Rachael Temple - AlltematedSuggested Items
Marcy’s Musings: The Legislative Outlook—Helping or Hurting?
10/20/2025 | Marcy LaRont -- Column: Marcy's MusingsJust before we were ready to publish our October issue of PCB007 Magazine, some breaking news from the White House, unfortunately (but perfectly) parlayed into why the topic of this month’s issue has been so important to cover in great depth.
China Expands Rare Earth Export Restrictions, Tightening Grip on Global Supply Chains
10/16/2025 | I-Connect007 Editorial TeamChina sharply expanded its rare earth export restrictions on Oct. 9, adding additional elements and refining technologies to its control list while imposing stricter rules on foreign users in the defense and semiconductor industries.
Critical Minerals: The New Power Play in Global Trade
10/13/2025 | Marcy LaRont, I-Connect007Access to critical minerals essential for electronics manufacturing, and China’s monopoly of them, is increasingly under scrutiny, with gallium (Ga) and germanium (Ge)at the forefront of this discourse. However, all critical minerals imported from China share a similar narrative, and understanding the implications of this dependency and the risks to both U.S. commercial and defense sectors has created an urgent need for a comprehensive electronics strategy to secure and diversify access to these vital minerals. In this candid interview, USPAE Executive Director Jim Will discusses the issues and the mitigation steps that must be taken to adequately address them.
I-Connect007 Editor’s Choice: Five Must-Reads for the Week
09/26/2025 | Marcy LaRont, I-Connect007Though the news cycle felt a little less exclamatory this week, there were many global business news headlines worth revisiting. Among them, China announced a bold carbon emissions goal of 10% over the next decade to double its solar and wind power capacity. The Wall Street Journal published an article, “Global Port Leaders See Trade Shifting, Not Slowing,” a nod to businesses’ risk mitigation strategies and execution around overreliance on China coming into play in a bigger way.
Global Citizenship: Together for a Perfect PCB Solution
09/10/2025 | Tom Yang -- Column: Global CitizenshipIf there’s one thing we’ve learned in the past few decades of electronics evolution, it’s that no region has a monopoly on excellence. Whether it’s materials science breakthroughs in Europe, manufacturing efficiencies in China, or design innovations in Silicon Valley, the PCB industry thrives on collaboration.