It’s Only Common Sense: If You’re Not Differentiated, You’re Dead
Alpha Insights, Performance by Design: The Future of PCB Manufacturing in the Midwest
Happy’s Tech Talk #43: Engineering Statistics Training With Free Software
Schweizer Electronic Publishes Group Figures for 2024 and Provides Outlook for 2025
May 1, 2025 | Schweizer Electronic AGEstimated reading time: 2 minutes
SCHWEIZER achieved a turnover of EUR 144.5 million in the 2024 financial year (previous year: EUR 139.4 million), the highest consolidated turnover in the company's history.
The company benefited from the successful start of series production of the innovative chip embedding technology, which was implemented in collaboration with Infineon Technologies AG and has found its way into innovative drive technologies in the automotive industry.
As a result, sales with automotive customers increased to EUR 117.4 million, which corresponds to a year-on-year increase of 18.7%. Compared to the double-digit growth with Mobility customers, sales with non-Mobility customers fell by 33.0%. This decline in sales to industrial customers reflects the increasing economic slowdown and declining export activities in Germany.
Sales with products from our strategic partner companies increased by 49.4% to EUR 68.2 million in 2024 (2023: EUR 45.6 million). By contrast, sales from in-house production fell by 18.6% year on year to EUR 76.3 million (2023: EUR 93.8 million). The share of sales generated by trading goods increased to 47.2% (2023: 32.7%).
At the end of the reporting year, the order backlog totalled EUR 220.4 million.
A negative product and customer mix as well as reduced capacity utilisation at the German site meant that earnings before interest, taxes, depreciation and amortisation (EBITDA) amounted to EUR -0.3 million (2023: +8.9 million euros1)).
The liquidity situation developed positively thanks to consistent working capital management. Cash and cash equivalents increased to EUR 8.2 million as at 31 December 2024 (31.12.2023: EUR 7.7 million).
The net gearing ratio increased moderately to 62.8% (31.12.2023: 56.5%). Equity decreased to EUR 21.6 million, which corresponds to a ratio of 21.1% (31.12.2023: 26.7%).
Marc Bunz, CFO of Schweizer Electronic AG, on the outlook: "In 2025, the trend of recent years will continue, in which business via Asian production partners will develop better than that with PCBs produced in Germany. The fab-light strategy introduced by SCHWEIZER at an early stage is paying off more and more as a stability and growth factor."
Outlook
Sales of between EUR 130 million and EUR 165 million are expected for 2025 (2024: EUR 144.5 million). We therefore expect sales to be roughly on a par with 2024 but could potentially increase by up to 14%. However, the general market risks could lead to a decline in sales of up to 10%.
EBITDA is expected to be in a range between EUR 3 million and EUR 8 million in 2025 (2024: EUR -0.3 million). This corresponds to an increase of between EUR 3.3 million and EUR 8.3 million. The EBITDA ratio is therefore forecast to be between 2% and 5%.
The continuing significant price pressure from customers is being countered by expanding the customer base and technology as well as by continued and intensified cost management at the German production site.
Share on:
Testimonial
"The I-Connect007 team is outstanding—kind, responsive, and a true marketing partner. Their design team created fresh, eye-catching ads, and their editorial support polished our content to let our brand shine. Thank you all! "
Sweeney Ng - CEE PCBSuggested Items
American Standard Circuits Achieves Successful AS9100 Recertification
10/14/2025 | American Standard CircuitsAmerican Standard Circuits (ASC), a leading manufacturer of advanced printed circuit boards, proudly announces the successful completion of its AS9100 recertification audit. This milestone reaffirms ASC’s ongoing commitment to the highest levels of quality, reliability, and process control required to serve aerospace, defense, space, and other mission-critical industries.
Imec Launches 300mm GaN Program to Develop Advanced Power Devices and Reduce Manufacturing Costs
10/13/2025 | ImecImec, a world-leading research and innovation hub in nanoelectronics and digital technologies, welcomes AIXTRON, GlobalFoundries, KLA Corporation, Synopsys, and Veeco as first partners in its 300mm gallium-nitride (GaN) open innovation program track for low- and high-voltage power electronics applications.
Renesas Powers 800 Volt Direct Current AI Data Center Architecture with Next-Generation Power Semiconductors
10/13/2025 | RenesasRenesas Electronics Corporation, a premier supplier of advanced semiconductor solutions, announced that it is supporting efficient power conversion and distribution for the 800 Volt Direct Current power architecture announced by NVIDIA, helping fuel the next wave of smarter, faster AI infrastructure.
SEMI Reports Global 300mm Fab Equipment Spending Expected to Total $374 Billion Over Next Three Years
10/09/2025 | SEMIGlobal 300mm fab equipment spending is expected to reach $374 billion from 2026 to 2028, SEMI reported today in its latest 300mm Fab Outlook.
Advanced Rework Technology Inspires Students at National Manufacturing Day 2025
10/08/2025 | A.R.T. Ltd.Advanced Rework Technology Ltd. (A.R.T.), a leading independent IPC-accredited training provider, joined forces with Jaltek, a UK-based electronics manufacturer with over 35 years’ experience in designing and producing high-quality electronic products, to deliver hands-on workshops for students during National Manufacturing Day 2025.