Global PCB Connections: Rigid-flex and Flexible PCBs—The Backbone of Modern Electronics
Flexible Thinking: The Key to a Successful Flex Circuit Design Transfer
Happy’s Tech Talk #29: Bend-to-Install Semi-flex FR-4
SCHWEIZER Posts Adjusted Outlook for 2024
July 15, 2024 | SCHWEIZEREstimated reading time: 1 minute
Based on the preliminary financial results of the SCHWEIZER Group for the first half of 2024, the Executive Board has adjusted the forecast for the 2024 financial year.
The sales forecast of EUR 140 to 150 million can be maintained unchanged due to the successful start of large-scale production of the embedding technology. The technology, which is used in hybrid drive vehicles, is benefiting significantly from the weak de-mand for battery electric vehicles.
On the other hand, SCHWEIZER is affected by the current difficult overall economic situation in the German economy, particularly in the German automotive industry. As a result, capacity utilization at the plant in Schramberg (Germany) has deteriorated noticeably. As a result, we expect EBITDA (earnings before interest, taxes, depreciation and amortization) of EUR 2 to 5 million (previously EUR 10 to 11 million) for 2024. Although the trading business with our Asian partners is developing positively, these earnings contributions could not fully compensate for the losses at the German plant.
The weaker earnings forecast also has an impact on the expected equity ratio. We are now forecasting an equity ratio of 20 to 25 percent (previously 25 to 28 percent).
The management has immediately initiated a program to improve earnings in order to take account of the capacity utilization situation at the plant in Schramberg. We expect the measures to begin to take effect in the coming months.
The Executive Board expects sales revenue of around EUR 74 million for the first half of 2024 (H1 2023: EUR 68.7 million). The calculation of the other key figures has not yet been finalized. However, due to the weak second quarter, it can be expected that EBITDA will amount to EUR 0 to 1 million for the first half of the year.
Share on:
Suggested Items
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.
INSPECTIS AB ‘Makes it a Meal’ with Series U50s Advanced Kit
07/18/2025 | INSPECTIS ABFamous chefs the world over maintain that an entrée doesn’t make a great meal without side dishes. At INSPECTIS, we call those ‘sides’ an Advanced Kit.
July 2025 PCB007 Magazine: Sales—From Pitch to PO
07/18/2025 |Though all parts of a company are essential for holistic success, it is a foundational truth that a company lives and dies by its sales. If there are no sales, the company eventually ceases to exist, or as Henry Ford says, “Nothing happens until someone sells something.” In the July issue of PCB007 Magazine, we break down the sales stack and provide a guide to up your sales game.
Silicon Mountain Contract Services Enhances SMT Capabilities with New HELLER Reflow Oven
07/17/2025 | Silicon Mountain Contract ServicesSilicon Mountain Contract Services, a leading provider of custom electronics manufacturing solutions, is proud to announce a significant upgrade to its SMT production capability with the addition of a HELLER 2043 MK5 10‑zone reflow oven to its Nampa facility.
KONIG Launches KP400: Advanced 3D Digital Conformal Coating System for High-Density Electronics
07/15/2025 | KONIGKONIG, a leader in electronic packaging protection solutions, is proud to announce the launch of the KP400 3D Digital Packaging Solution—a breakthrough conformal coating system that brings new levels of precision, speed, and material efficiency to electronics manufacturing.