Schramberg, November 11, 2011 - Schweizer Electronic AG
today announced their financial figures for the third
quarter 2011. Within this period the company could achieve
sales revenues of 25.6 (previous year 28.1) million Euro.
Thus sales of the first three quarters 2011 were at 83.7
(previous year 78.8) million Euro and were therefore 6,2 %
above the comparison period. Despite higher sales in
comparison to the first nine months 2010 SCHWEIZER could
not quite achieve their sales target.
In the third quarter the company achieved - despite
declining sales - an EBIT of 2.6 (previous year 4.1)
million Euro. This corresponds to an EBIT-Margin of 10.2 %
for the third quarter and was thus above expectations. EBIT
for the first nine months in 2011 was 8.3 (previous year
before special effects 9.9) million Euro. This decline is
attributed to increasing cost for material and personnel.
Consequently SCHWEIZER has lowered the number of temporary
staff according to current requirements.
Since mid of 2009 SCHWEIZER was able to further improve
their balance sheet structure. On September 30, 2011 equity
capital was 42.7 million Euro and thus significantly above
the previous year's value of 26.5 million Euro.
Accordingly, equity ratio increased to 55 % (previous year
41 %). Net gearing could be reduced to below zero.
Therefore liquid assets were higher than all of
SCHWEIZER's interest-bearing liabilities at the end of
"These indicators are an important basis for our
financial stability, even in longer and more difficult
economic cycles", comments Dr. Marc Schweizer, CEO of
Schweizer Electronic AG. "They equally open up an
excellent starting basis for forward-looking targeted
investments into innovations and improved technologies in
the area of Printed Circuit Boards (PCB), the integration
of components within the context of Schweizer Systems as
well as our diversification with Schweizer
SCHWEIZER continues their strategy and focuses further on
the growth region Asia as a complement to Europe. The
company mainly concentrates on the expansion of the PCB
business as well the diversification by establishing new
business areas. These include the creation of the business
division Schweizer Systems, based on Embedding Technologies
(integration of components into the PCB) and Schweizer
Energy in the areas of energy creation, sales and storage
Based on the continuing insecurities of the global economic
development, the company adjusts its sales forecast for
fiscal year 2011 and expects sales revenues on previous
year's level of about 105 million Euro. Despite lower
sales growth, SCHWEIZER confirms their EBIT forecast on a
level of 10 million Euro to 11 million Euro for fiscal year
2011. This corresponds to an expected EBIT-margin of about
10 %, which is at the upper end of the forecast corridor.
This takes into consideration all expenses for the
development of the new business areas.