PRESS RELEASE: Schweizer Electronic AG: 2012 Half-Year Sales of SCHWEIZER fully in Line with Plan
24.08.2012
DGAP-News: Schweizer Electronic AG / Key word(s): Half Year Results
Schweizer Electronic AG: 2012 Half-Year Sales of SCHWEIZER fully in
Line with Plan
24.08.2012 / 09:48
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Schramberg, August 24, 2012 - Schweizer Electronic AG today announced their
financial figures for the first half-year 2012. Within this period the
company could achieve sales revenues of 53.7 (previous year 58.0) million
Euro. The EBIT Margin amounted to 6.9 % (previous year 9.8 %). Hence
SCHWEIZER confirms the revised forecast for the full financial year
published on July 5 and, in view of the economic framework conditions,
considers themselves well on target.
As expected, the essential customer segments within the division Electronic
developed inconsistently. Again, it became apparent that the company's
increasingly diversified target markets tendentially lead to a higher
balance of the business development. Thus sales revenues with automotive
customers further increased, reaching 34.4 million Euro (previous year 30.2
million Euro) and therefore represented an increasing sales share of 64 %
(previous year 52 %) in the first six months of the reporting year. A good
growth could also be registered in the area of electromobility. SCHWEIZER
supplied PCBs worth 3.7 million Euro for this market segment which
corresponds to an increase by 41 % compared to the previous year.
Accordingly already 7 % of SCHWEIZER's sales were generated in the area of
electromobility. The main reason for the decline in sales, however, was the
lower business volume with customers acting in solar electronics in the
course of the sustained weakness of the European photovoltaic market. Sales
in this customer segment declined by 8.5 million Euro to 4.5 million Euro
(previous year 13.0 million Euro), representing a sales share of 8 %
(previous year 22 %).
Sales with industry customers increased by 5 % to 10.9 million Euro
(previous year 10.4 million Euro), while sales with other customers
declined 3.9 million Euro (previous year 4.4 million Euro).
In the first half year 2012 SCHWEIZER invested 6.3 million Euro (previous
year 1.7 million Euro). The major share was the equity investment of 4.3
million Euro into Schweizer Pte. Ltd. in Singapore. Means invested resulted
from the capital increase in 2010 that serve the activities for setting up
the Energy division in Asia.
For the current financial year SCHWEIZER reinforces sales expectations of
95 to 100 million Euro. At the same time the company expects an EBIT Margin
of 5 % to 7 % for the division Electronic. The investment into the division
Energy will debit results with 1 % to 2 %.
This week SCHWEIZER publishes its Half Year Report for the year 2012. The
report is available on www.schweizer.ag.
About Schweizer:
Schweizer Electronic AG is a global best-in-class technology company,
manufacturing premium PCBs, innovative solutions and services for
automotive, solar and industry electronics. Based on recognized technology
and consultancy competencies, SCHWEIZER's products and systems address
central challenges in the areas of Power Electronics, Embedding and System
Cost Reduction and are characterized by energy and environmentally friendly
features. Together with its partners Contag GmbH and Meiko Electronics Co.
Ltd., the company offers in its division Electronic cost and production
optimised solutions for small, medium and large series and within this
network employs more than 15,000 people in Germany, Japan, China and
Vietnam.
With about 700 employees SCHWEIZER achieved sales of 105.4 million Euro in
Fiscal Year 2011 (ending December). The company was founded in 1849, is
managed by family members and listed at the Stock Exchanges in Stuttgart
and Frankfurt (ticker symbol 'SCE', 'ISIN DE 000515623').
For further information please contact
Susanne Schorn
Media & Communications
Schweizer Electronic AG
Einsteinstraße 10
78713 Schramberg
Phone: +49 7422 / 512-213
Fax: +49 7422 / 512-397
E-mail: Communications@schweizer.ag
Please visit our website: www.morethanPCBs.com
End of Corporate News
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24.08.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Schweizer Electronic AG
Einsteinstraße 10
78713 Schramberg
Germany
Phone: 07422-512-301
Fax: 07422-512-397
E-mail: ir@schweizer.ag
Internet: www.schweizer.ag
ISIN: DE0005156236
WKN: 515623
Listed: Regulierter Markt in Frankfurt (General Standard),
Stuttgart; Freiverkehr in Berlin
End of News DGAP News-Service
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182779 24.08.2012
DGAP-News: Schweizer Electronic AG / Key word(s): Half Year Results
Schweizer Electronic AG: 2012 Half-Year Sales of SCHWEIZER fully in
Line with Plan
24.08.2012 / 09:48
=--------------------------------------------------------------------
Schramberg, August 24, 2012 - Schweizer Electronic AG today announced their
financial figures for the first half-year 2012. Within this period the
company could achieve sales revenues of 53.7 (previous year 58.0) million
Euro. The EBIT Margin amounted to 6.9 % (previous year 9.8 %). Hence
SCHWEIZER confirms the revised forecast for the full financial year
published on July 5 and, in view of the economic framework conditions,
considers themselves well on target.
As expected, the essential customer segments within the division Electronic
developed inconsistently. Again, it became apparent that the company's
increasingly diversified target markets tendentially lead to a higher
balance of the business development. Thus sales revenues with automotive
customers further increased, reaching 34.4 million Euro (previous year 30.2
million Euro) and therefore represented an increasing sales share of 64 %
(previous year 52 %) in the first six months of the reporting year. A good
growth could also be registered in the area of electromobility. SCHWEIZER
supplied PCBs worth 3.7 million Euro for this market segment which
corresponds to an increase by 41 % compared to the previous year.
Accordingly already 7 % of SCHWEIZER's sales were generated in the area of
electromobility. The main reason for the decline in sales, however, was the
lower business volume with customers acting in solar electronics in the
course of the sustained weakness of the European photovoltaic market. Sales
in this customer segment declined by 8.5 million Euro to 4.5 million Euro
(previous year 13.0 million Euro), representing a sales share of 8 %
(previous year 22 %).
Sales with industry customers increased by 5 % to 10.9 million Euro
(previous year 10.4 million Euro), while sales with other customers
declined 3.9 million Euro (previous year 4.4 million Euro).
In the first half year 2012 SCHWEIZER invested 6.3 million Euro (previous
year 1.7 million Euro). The major share was the equity investment of 4.3
million Euro into Schweizer Pte. Ltd. in Singapore. Means invested resulted
from the capital increase in 2010 that serve the activities for setting up
the Energy division in Asia.
For the current financial year SCHWEIZER reinforces sales expectations of
95 to 100 million Euro. At the same time the company expects an EBIT Margin
of 5 % to 7 % for the division Electronic. The investment into the division
Energy will debit results with 1 % to 2 %.
This week SCHWEIZER publishes its Half Year Report for the year 2012. The
report is available on www.schweizer.ag.
About Schweizer:
Schweizer Electronic AG is a global best-in-class technology company,
manufacturing premium PCBs, innovative solutions and services for
automotive, solar and industry electronics. Based on recognized technology
and consultancy competencies, SCHWEIZER's products and systems address
central challenges in the areas of Power Electronics, Embedding and System
Cost Reduction and are characterized by energy and environmentally friendly
features. Together with its partners Contag GmbH and Meiko Electronics Co.
Ltd., the company offers in its division Electronic cost and production
optimised solutions for small, medium and large series and within this
network employs more than 15,000 people in Germany, Japan, China and
Vietnam.
With about 700 employees SCHWEIZER achieved sales of 105.4 million Euro in
Fiscal Year 2011 (ending December). The company was founded in 1849, is
managed by family members and listed at the Stock Exchanges in Stuttgart
and Frankfurt (ticker symbol 'SCE', 'ISIN DE 000515623').
For further information please contact
Susanne Schorn
Media & Communications
Schweizer Electronic AG
Einsteinstraße 10
78713 Schramberg
Phone: +49 7422 / 512-213
Fax: +49 7422 / 512-397
E-mail: Communications@schweizer.ag
Please visit our website: www.morethanPCBs.com
End of Corporate News
=--------------------------------------------------------------------
24.08.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
=--------------------------------------------------------------------
Language: English
Company: Schweizer Electronic AG
Einsteinstraße 10
78713 Schramberg
Germany
Phone: 07422-512-301
Fax: 07422-512-397
E-mail: ir@schweizer.ag
Internet: www.schweizer.ag
ISIN: DE0005156236
WKN: 515623
Listed: Regulierter Markt in Frankfurt (General Standard),
Stuttgart; Freiverkehr in Berlin
End of News DGAP News-Service
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182779 24.08.2012
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