American Made Advocacy: A Growing Presence in Washington in Turbulent Times
Punching Out: M&A North American PCB and EMS Deals for the First Half of 2025
Schweizer Electronic: Business Development in Q1 2024
May 8, 2024 | Schweizer Electronic AGEstimated reading time: 1 minute
The sales of the SCHWEIZER Group amounted to EUR 39.2 million in the first quarter of 2024 (Q1 2023: EUR 37.1 million). This corresponds to an increase of +5.5 percent compared to the same quarter of the previous year. The first quarter of 2023 still included a revenue of EUR 1.8 million from the associated company Schweizer Electronic (Jiangsu) Co, Ltd, China (“SEC”). Thus the increase of sales without SEC corresponds to 11.0%. Sales from own production amounted to EUR 24.3 million and thus were slightly higher than in the same quarter of the previous year (Q1 2023: EUR 24.2 million). The sales of products via our Asian partner network increased by 14.8% year-on-year to EUR 14.9 million, accounting for 37.9% of sales (Q1 2023: 34.9%). The share of revenue generated by own production amounted to 62.1% (Q1 2023: 65.1%). Sales to Automotive customers amounted to EUR 31.3 million (Q1 2023: EUR 24.9 million), which corresponds to an increase of +25.7% compared to the first quarter of 2023. Automotive customers accounted for 80.0% of revenue in the first quarter of 2024 (Q1 2023: 67.1%).
The order backlog was EUR 224.9 million at the end of the quarter (December 31, 2023: EUR 251.3 million).
Earnings before interest, taxes, depreciation and amortization (EBITDA) grew to EUR +2.1 million (Q1 2023: EUR +0.4 million). The EBITDA ratio amounted to +5.2% and was therefore 4.2 percentage points higher than in Q1 2023. Adjusted for the negative EBITDA contribution from SEC in Q1 2023, EBITDA fell by EUR -1.4 million in Q1 2024.
Equity amounted to EUR 24.9 million at the end of the quarter (31.12.2023: EUR 25.8 million). The change was mainly due to the loss allocation of EUR -1.1 million from SEC, which is held as a financial investment (at equity). Non-current financial liabilities decreased by EUR -0.6 million. Net debt increased compared to the end of the year to EUR 18.1 million (31.12.2023: EUR 16.6 million).
Forecast confirmed
The management confirms the forecast issued as part of the publication of the 2023 business figures. Due to the positive developments in sales of the embedding technology, the Executive Board confirms the revenue target of EUR 140 to 150 million and the EBITDA forecast of between EUR +10 and +11 million (2023 adjusted EBITDA: EUR +8.9 million) for 2024. It should be noted that there is currently an accelerated development of the revenue structure towards products from the Asian partner company. This may have a negative impact on the margin. The structural shifts are being balanced by targeted measures to adjust the cost structure.
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
KOKI to Showcase Analytical Services and New HF1200 Solder Paste at SMTA Guadalajara 2025
07/31/2025 | KOKIKOKI, a global leader in advanced soldering materials and process optimization services, will exhibit at the SMTA Guadalajara Expo & Tech Forum, taking place September 17 & 18, 2025 at Expo Guadalajara, Salón Jalisco Halls D & E in Guadalajara, Mexico.
Federal Electronics Mexico Boosts Speed and Flexibility with New Mycronic A40DX Pick-and-Place
07/23/2025 | Federal ElectronicsFederal Electronics, a leader in providing advanced electronic manufacturing services, has announced a major upgrade at its Hermosillo, Mexico facility with the installation of a Mycronic MYPro A40DX Pick-and-Place system, advancing its surface mount assembly capabilities for high-reliability electronics manufacturing.
DuPont Publishes 2025 Sustainability Report
07/22/2025 | PRNewswireDuPont published its 2025 Sustainability Report detailing the progress made toward achieving its 2030 Sustainability Goals.
NEOTech’s Westborough Facility Achieves AS9100 Surveillance Audit, Reinforcing Trust with Aerospace & Defense Customers
07/22/2025 | NEOTechNEOTech, a premier provider of electronic manufacturing services (EMS), integrated design engineering, and advanced supply chain solutions for the aerospace and defense, medical device, and high-tech industrial markets, proudly announces that its Westborough, Massachusetts facility has successfully completed the rigorous AS9100 Bi-Annual Surveillance Audit with zero findings, a testament to the company’s unwavering commitment to quality, security, and operational excellence.
PCBAA Wins Summit Silver Award from the American Society of Association Executives
07/18/2025 | PCBAAPCBAA was one of 38 associations that earned Silver Awards for outstanding contributions for an entry titled: Chips Don’t Float: More Printed Circuit Boards Must be Made in America.