-
- News
- Books
Featured Books
- pcb007 Magazine
Latest Issues
Current IssueEngineering Economics
The real cost to manufacture a PCB encompasses everything that goes into making the product: the materials and other value-added supplies, machine and personnel costs, and most importantly, your quality. A hard look at real costs seems wholly appropriate.
Alternate Metallization Processes
Traditional electroless copper and electroless copper immersion gold have been primary PCB plating methods for decades. But alternative plating metals and processes have been introduced over the past few years as miniaturization and advanced packaging continue to develop.
Technology Roadmaps
In this issue of PCB007 Magazine, we discuss technology roadmaps and what they mean for our businesses, providing context to the all-important question: What is my company’s technology roadmap?
- Articles
- Columns
Search Console
- Links
- Media kit
||| MENU - pcb007 Magazine
SCHWEIZER: High Positive Effects from Deconsolidation, Forecast Adjustment for 2023
July 31, 2023 | SCHWEIZEREstimated reading time: 1 minute
As a result of the transfer of the majority interest in the Chinese subsidiary Schweizer Electronic (Jiangsu) Co., Ltd. based in Jintan, China (SEC) to WUS Printed Circuit (Kunshan) Co., Ltd (WUS), the majority interest in SEC was economically transferred to WUS as of 1 May 2023. After accounting for the transfer of the majority interest, the SCHWEIZER Group received income from the deconsolidation in the amount of EUR 46.9 million.
According to preliminary figures, SCHWEIZER Group achieved a turnover of 68.7 million euros in the first half of 2023 (first half of 2022: 64.6 million euros), which corresponds to a growth in turnover of 6.4 percent compared to the same period of the previous year.
The preliminary EBITDA (earnings before interest, taxes, depreciation and amortisation) amounted to 46.7 million euros resp. an EBITDA ratio of 67.9 percent (first half of 2022: -7.1 million euros resp. an EBITDA ratio of -11.0 percent) and, adjusted for the deconsolidation income and fully consolidated losses of the Chinese subsidiary, to 5.7 million euros, which corresponds to an EBITDA ratio of 8.3 percent.
Group equity increased to 31.3 million euros as of the reporting date of 30 June 2023 due to the deconsolidation, which corresponds to an equity ratio of 28.7 percent (31.12.2022: -5.5 percent).
The deconsolidation was carried out on the basis of the relevant accounting regulations according to IFRS and with the advisory support of an independent auditor. Due to the complexity of the matter and the uncertainties that cannot be completely ruled out, the amount of the deconsolidation effect could still change during the audit of the consolidated financial statements.
Due to the unexpectedly positive development of the operating result in the first half of the year, the Executive Board is raising the forecast for the adjusted EBITDA ratio to 6 to 9 percent (previously: 4 to 6 percent). The unadjusted EBITDA ratio, for which no forecast has been made so far, is expected to be between 35 and 40 percent.
The Executive Board has also improved the forecast for the net leverage ratio. This is now expected to be between 50 and 80 percent (previously: around 150 percent). This is due to the high positive deconsolidation effects and the improved operating result.
In view of the increased uncertainties regarding the economic development in the second half of the year, the turnover forecast for the current business year has been adjusted. The Executive Board expects a growth in turnover in the range of 0 to +5 percent (previously: +5 to +10 percent).
Suggested Items
L3Harris Awarded Grants for New Buildings in Florida
12/09/2024 | L3Harris TechnologiesL3Harris Technologies has negotiated a High Impact Business Performance (HIPI) grant for $2 million from the state of Florida. The HIPI, an incentive used to attract and grow major facilities, provides an allocation of $1 million in 2025 and $1 million in 2027 for the company’s two new facilities in Palm Bay, Florida.
Sales Season and Flagship Launches Drive 3Q24 Smartphone Production Up 7%
12/09/2024 | TrendForceTrendForce’s latest research finds that 3Q24 coincided with the peak season for smartphone sales. The launch of flagship models by major brands propelled global smartphone production to a QoQ increase of 7%, reaching approximately 310 million units and matching figures from the same period last year.
Zhen Ding Releases November 2024 Monthly Revenue Report
12/06/2024 | Zhen Ding TechnologyZhen Ding Technology Holding Limited, a global leading PCB manufacturer, today reported November 2024 revenue of NT$19,434 million, up 3.15% YoY, reaching the second highest for the same period in the company’s history.
Camtek Receives Orders for Over $50 Million for its New Product Line: Hawk
11/29/2024 | CamtekCamtek Ltd., announced that it has received over $50 million in initial orders from several customers for its new Hawk product, with additional orders in the pipeline. These orders will be delivered throughout 2025.
Nano Dimension Posts Revenue of Revenue $14.9M in Q3 2024; Up 22% YoY
11/20/2024 | Nano DimensionNano Dimension Ltd., a leading supplier of Additively Manufactured Electronics (AME) and multi-dimensional polymer, metal & ceramic Additive Manufacturing (AM) 3D printing solutions, today announced financial results for the third quarter ended September 30th , 2024 and shared a letter from Yoav Stern, the Company’s Chief Executive Officer and member of the Board of Directors.