PRESS RELEASE: Schweizer Electronic AG: SCHWEIZER confirms forecast for Fiscal Year 2012
09.11.2012
DGAP-News: Schweizer Electronic AG / Key word(s): Interim Report
Schweizer Electronic AG: SCHWEIZER confirms forecast for Fiscal Year
2012
09.11.2012 / 10:00
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Schramberg, November 9, 2012 - Schweizer Electronic AG today announced
their financial figures for the third quarter 2012. Within this period, the
company achieved sales revenues of 23.8 (previous year 25.6) million Euro.
Thus sales of the first nine months in 2012 were at 77.5 million Euro
following 83.7 million Euro in the previous year and therefore 7 % below
the comparison period.
In the third quarter the company achieved an EBIT of 1.2 (previous year
2.6) million Euro. This corresponds to an EBIT-Margin of 5 % for the third
quarter. EBIT for the first nine months in 2012 was 5.0 (previous year 8.3)
million Euro. Thus the EBIT-Margin of 6.4 % as per end of September was
within the margin of 5 % to 7 % expected for the year 2012 .
With an order entry of 20.4 million Euro (previous year 17.6 million Euro)
in the reporting period, the company registered an increase of 16 %
compared to the previous year. Particularly with customers from the
automotive segment SCHWEIZER could achieve successes: The quarterly sales
for this segment increased - despite the currently critical situation in
the automotive sector - to 15.4 million Euro, following 14.3 million Euro
in the third quarter of 2011. The company attributes this positive
development to its innovative solutions which allow its customers a
reduction of the system cost.
Equity, too, developed positively and increased during the course of the
current fiscal year by 2.0 million Euro to 44.0 million Euro (Dec. 31,
2011: 42.0 million Euro). As part of this development the equity ratio
increased to 61 % (previous year 59 %).
'In the light of aggravated market conditions we still have achieved good
results and find ourselves within the scope of our forecast. In the areas
of mobility and energy efficiency the positive trends continue to last. We
therefore hold on to our strategic investments as only this way SCHWEIZER
can expand its position in future. With a view to the expected development
of the markets we have already decided for savings and initialized
according measures. Thus we are prepared for a difficult market
environment', says Dr. Marc Schweizer, CEO of Schweizer Electronic AG.
For the current fiscal year SCHWEIZER confirms the forecast published in
July: The company expects sales of 95 to 100 million Euro. For the division
Electronic SCHWEIZER still projects an EBIT margin of 5 % to 7 %.
Investments into its division Energy will burden the results with 1 % to 2
%.
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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09.11.2012 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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192417 09.11.2012
DGAP-News: Schweizer Electronic AG / Key word(s): Interim Report
Schweizer Electronic AG: SCHWEIZER confirms forecast for Fiscal Year
2012
09.11.2012 / 10:00
=--------------------------------------------------------------------
Schramberg, November 9, 2012 - Schweizer Electronic AG today announced
their financial figures for the third quarter 2012. Within this period, the
company achieved sales revenues of 23.8 (previous year 25.6) million Euro.
Thus sales of the first nine months in 2012 were at 77.5 million Euro
following 83.7 million Euro in the previous year and therefore 7 % below
the comparison period.
In the third quarter the company achieved an EBIT of 1.2 (previous year
2.6) million Euro. This corresponds to an EBIT-Margin of 5 % for the third
quarter. EBIT for the first nine months in 2012 was 5.0 (previous year 8.3)
million Euro. Thus the EBIT-Margin of 6.4 % as per end of September was
within the margin of 5 % to 7 % expected for the year 2012 .
With an order entry of 20.4 million Euro (previous year 17.6 million Euro)
in the reporting period, the company registered an increase of 16 %
compared to the previous year. Particularly with customers from the
automotive segment SCHWEIZER could achieve successes: The quarterly sales
for this segment increased - despite the currently critical situation in
the automotive sector - to 15.4 million Euro, following 14.3 million Euro
in the third quarter of 2011. The company attributes this positive
development to its innovative solutions which allow its customers a
reduction of the system cost.
Equity, too, developed positively and increased during the course of the
current fiscal year by 2.0 million Euro to 44.0 million Euro (Dec. 31,
2011: 42.0 million Euro). As part of this development the equity ratio
increased to 61 % (previous year 59 %).
'In the light of aggravated market conditions we still have achieved good
results and find ourselves within the scope of our forecast. In the areas
of mobility and energy efficiency the positive trends continue to last. We
therefore hold on to our strategic investments as only this way SCHWEIZER
can expand its position in future. With a view to the expected development
of the markets we have already decided for savings and initialized
according measures. Thus we are prepared for a difficult market
environment', says Dr. Marc Schweizer, CEO of Schweizer Electronic AG.
For the current fiscal year SCHWEIZER confirms the forecast published in
July: The company expects sales of 95 to 100 million Euro. For the division
Electronic SCHWEIZER still projects an EBIT margin of 5 % to 7 %.
Investments into its division Energy will burden the results with 1 % to 2
%.
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
=--------------------------------------------------------------------
09.11.2012 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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192417 09.11.2012
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