Ad hoc announcements from Schweizer Electronic.


22.03.2019 | 09:43 | Schweizer Electronic AG: Preliminary unaudited group figures for Fiscal Year 2018, Proposal for a dividend omission and outlook for 2019

  • Turnover growth of 3.7 percent slightly above our expectations
  • EBITDA margin  at the lower end of the forecast
  • Proposal for dividend omission
  • Forecast for EBITDA margin 2019 at 4 to 6 percent

Schramberg, March 22, 2019 – According to preliminary unaudited figures, the SCHWEIZER Group expects a turnover of 125.3 million euro for the fiscal year 2018. This corresponds to a growth of 3.7 percent against the previous year, despite the challenging development in the relevant business markets in the second half year.

The EBITDA (earnings before interest, taxes, depreciation and amortisation) amounted to 9.3 million euro, which is equivalent to a margin of 7.4 percent. Thus it was at the lower end of the forecast of 7 to 9 percent.

SCHWEIZER is striving for dynamic growth on the global market for power electronics and chip embedding applications in future. The new high technology plant under construction in China is to start production at the beginning of 2020. In view of the necessary high investment resources and subject to the Supervisory Board’s approval, the Executive Board will propose a dividend omission at the Annual General Meeting planned for June 28, 2019 in order to invest the funds thus released into the growth investment in China.

The anticipated start-up losses of the new Chinese production plant will burden the result. Therefore we expect an EBITDA margin of 4 to 6 percent for the year 2019. Due to the political uncertainties as well as the continuing slowdown on the automotive market - our biggest customer group – SCHWEIZER reckons with a turnover development moving within a range of -5 to +5 percent.

Final, audited figures for the business year 2018 will be disclosed on April 17, 2019. Explanations to Financial Figures are available at: key-figures/explanations-financial-figures.html


06.11.2018 | 12:14 | Schweizer Electronic AG: Adjustment of turnover guidance and confirmation of profit forecast

Schramberg, November 06, 2018 – Based on the current expectations for the business development in the fourth quarter of 2018, the Management Board of Schweizer Electronic AG lowered its turnover forecast for the total business year 2018 to about 124.0 million euro, which corresponds to a growth of 2 to 3 percent (previous growth forecast: plus 6 to 8 percent).

Despite the lower turnover growth, the EBITDA (earnings before interest, taxes, depreciation and amortisation) ratio is still expected to range between 7 and 9 percent of the total turnover, whereby the upper end of the range still seems feasible. This corresponds to an EBITDA of slightly below 11 million euros and already includes the burdens from the ramp up of the new production site in China with around 1 million euro.

In the first three quarters of 2018, SCHWEIZER reported a turnover of 96.7 million euro corresponding to an increase of 5.3 percent. The EBITDA amounted to 9.3 million euro (2017: 6.0 million euro). Amounting to 9.7 percent, the EBITDA ratio was above the expected range. The EBIT (earnings before interest and taxes) jumped to 3.6 million euro (2017: 0.0 million euro).

Overall, on the operative level, the first three quarters of the business year were significantly more successful than the previous year. However, the shift of order call-offs from the fourth quarter 2018 to the following business year indicate a likelihood that the turnover in the last quarter of the current business year will be below previous year’s level. The order book continues to be at a very high level with 169.1 million euro at the end of the third quarter (2017:172.0 million euro).

Final results for the third quarter will be published on November 9, 2018.

28.09.2018 | 13:34 | SCHWEIZER extends its Executive Board: Dr. Rolf Merte is appointed as Chief Executive Officer

DGAP-Ad-hoc: Schweizer Electronic AG / Key word(s): Change of Personnel
Schweizer Electronic AG: SCHWEIZER extends its Executive Board - Dr. Rolf Merte is appointed as Chief Executive Officer

28-Sep-2018 / 13:34 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

SCHWEIZER extends its Executive Board: Dr. Rolf Merte is appointed as Chief Executive Officer

Schramberg, September 28, 2018 - The Supervisory Board of Schweizer Electronic AG decided today to appoint Dr. Rolf Merte as a member of SCHWEIZER's Executive Board for the period of five years and to designate him as the new Chairman.

In view of the huge investment in China and the forthcoming market introduction of the embedding technology Dr. Rolf Merte will make an important contribution to the successful implementation of the company strategy and together with his board colleagues Nicolas Schweizer and Marc Bunz pursue the adopted strategy of growth and internationalisation. Depending on his personal availability, Dr. Merte will start his new position as CEO of Schweizer Electronic AG latest on April 1st, 2019.

Dr. Merte studied electrical engineering at the Technical University of Berlin with special emphasis on theoretical electrical engineering and later on a focus on electrical machines and high frequency technology. After having been active in the research field for several years not only in Berlin, but also at the CERN in Switzerland as well as in Stanford, he held top management positions in various international technology companies of the automotive supply industry, the machinery and plant engineering as well as the industrial automation technology sectors for a long period of years.

Elisabeth Trik
Investor Relations
Phone: +49 7422 512 302
Fax: +49 7422 512 397

27.07.2018 | 11:31 | Schweizer Electronic AG: Preliminary group figures for the First Half Year 2018 – Upwards revision of results forecast for 2018, project financing for expansion secured

  • Preliminary EBITDA 6.6 million euro / EBITDA ratio 10.3 percent – upwards revision of forecast for 2018 to between 11 and 12 million euro
  • Consolidated result increased to 1.9 million euro after previous year’s loss

Schramberg, July 27, 2018 – According to preliminary figures the SCHWEIZER Group achieved an EBITDA (earnings before interest, taxes, depreciation and amortisation) of 6.6 million euro (2017: 3.6 million euro) in the first half year 2018. The EBITDA ratio rose to 10.3 percent (2017: 5.8 percent). The group result increased to 1.9 million euro after a loss of 1.1 million euro in the first half year 2017.

Turnover in the first half year amounted to 63.9 million euro (2017: 61.9 million euro). The second quarter 2018 was particularly strong with a plus of 8.8 percent compared to the previous year’s quarter. We expect further growth in the second half year so that the turnover forecast of slightly below 130 million euro for the fiscal year 2018 is realistic.

Based on the good outcome of the first half year in combination with the forecasted burdens triggered by the setting up of the production site in China, SCHWEIZER now expects an EBITDA of 11 to 12 million euro for the fiscal year 2018 (prior expectation: 10 million euro). The EBITDA ratio is expected at between 7 and 9 percent, whereby the upper end of the range is rather achievable.

The project for the establishment of a high technology production site in Jintan/China is in the course of implementation. After the signing of the investment agreement the most important authorisations have already been obtained. Financing for the construction phases one and two with a production capacity of 2,400 square metres per working day has also been already secured. This corresponds to double the production capacity of the plant in Schramberg. For the financing two bank consortia were set up in Germany and China, providing credit lines of 120 million US dollar. The construction work will start in August.

Final figures for the first half year 2018 will be disclosed on August 10, 2018.

29.03.2018 | 15:15 | Schweizer Electronic AG: 0.30 euro dividend for the year 2017

Schramberg, March 29, 2018 – In the light of the comprehensive investments into the new high technology plant in China, SCHWEIZER decided today in the framework of a Finance Committee’s Meeting to propose a dividend of 0.30 euro (previous year: 0.65 euro) per share to the Annual Shareholders’ Meeting on June 29, 2018, subject to the Supervisory Board’s approval.

With this dividend proposal, the company intends to let its shareholders participate in last year’s business success in spite of the forthcoming investments for further growth. In future, SCHWEIZER will increasingly develop towards a growth stock in order to consistently explore the excellent business potential deriving from the growth markets e-mobility and autonomous driving. With this strategic realignment, SCHWEIZER’s management expects a disproportionate increase of its company value in the medium term.

22.03.2018 | 12:45 | Schweizer Electronic AG: Preliminary unaudited group figures for Fiscal Year 2017

  • Preliminary annual result amounts to 3.5 million euro
  • Turnover and EBITDA within forecast
  • Order book with 181.5 million euro significantly higher than previous year

Schramberg, March 22, 2018 – According to preliminary unaudited IFRS figures the SCHWEIZER Group was able to boost its annual result 2017 to 3.5 million euro (2016: 0.6 million euro). Besides the operative development, which was better than expected, the partial sale of SCHWEIZER’s stake in Meiko Electronics amounting to 4.0 million euros had a positive impact on the financial income. In the fourth quarter of the year 2017 SCHWEIZER and Meiko Electronics had agreed on a reduction of their mutual shareholding. The partial sale of the shares has no impact on the continuing successful cooperation of the two companies.

At the operative level the company achieved an EBITDA (earnings before interest, taxes, depreciation and amortisation) of 12.5 million euro, which corresponds to a ratio of 10.3 percent. Due to special effects, this key figure was negatively affected, so that the EBITDA in consideration of the special effects amounted to 9.5 million euro (2016: 9.5 million euro). This corresponds to an EBITDA ratio of 7.8 percent. The special effects concern legal cost provisions for pending lawsuits as well as extraordinary expenses in connection with the establishment of a new production plant in China.

With sales of 120.9 million euro in the year 2017, the SCHWEIZER Group has achieved its highest Group turnover so far. Reporting an order book increase of 14 percent to 181.5 million euro (2016: 158.4 million euro), the company is in a very good position for the further development.
The high order income and the good operative results support the growth plans of the company through the construction of a production plant in the province of Jiangsu (China).

Final, audited figures for the business year 2017 will be disclosed on April 20, 2018.


15.11.2017 | 9:56 | SCHWEIZER sets the direction for further growth by investing in China

Schramberg, November 15, 2017 – Schweizer Electronic signed an investment agreement today with the government of Jintan/China (Jiangsu Province) to set up a sustainable high technology printed circuit board (PCB) and embedding production facility in China. The total investment will amount to 180 million USD over the next years to enable group sales to jump to up to 500 million USD.

With the investment into a high-tech production facility in China, the company will address the Chinese market and further exploit the world-wide market potential for high-power and embedding applications by providing its customers with innovative, high-quality PCB and embedding solutions.

03.08.2017 | 15:15 | Schweizer Electronic AG: Preliminary Figures for the first Half Year 2017 and adjustment of forecast

Schramberg, August 03, 2017 – The SCHWEIZER Group was able to boost its turnover by 6.8% to 61.9 million euro in the first half year 2017 (2016: 58.0 million euro). The turnover increase was achieved across all market regions, but Asia contributed to the largest extent with a 50% sales growth against previous year’s period.

The operating EBITDA (earnings before interest, taxes, depreciation and amortisation) be-fore one-off special factors came up to 5.0 million euro, corresponding to an EBITDA mar-gin of 8.1%. The result, however, was burdened by two one-off special factors. First of all, precautionary accruals of 1.0 million euro had to be created for covering litigation costs. Furthermore, exchange rate-related expenditure arose within the termination process of the energy business. Considering these one-off extraordinary effects, the Group EBITDA amounted to 3.6 million euro in the first half year 2017 (2016: 4.6 million euro). This corre-sponds to an EBITDA margin of 5.8%. The prospective Group EBIT (earnings before inter-est and taxes) amounts to -0.4 million euro (2016: 0.9 million euro). The prospective period result was additionally burdened by tax reserves of 0.6 million euro and amounted to -1.1 million euro against 0.5 million euro the year before.

Despite these special factors, SCHWEIZER remains optimistic in view of its future busi-ness development. This is justified in view of an order book which amounts to 160 million euro based on the company’s solutions in the fields of sensor applications and CO2 reduction.

Therefore, we increase our turnover forecast for the business year 2017 to a growth of 3% to 5% (before 2% to 4%). Against the background of the one-off extraordinary expenses of the first half year 2017, we expect an EBITDA margin of 7% to 8% (before 8% to 9%).

Final, audited figures for the first half year 2017 will be disclosed on August 14, 2017.

Explanations to Financial Figures are available at:

07.04.2017 | 12:56 | Schweizer Electronic AG: Preliminary unaudited group figures for Fiscal Year 2016

Schramberg, April 7, 2017 – In the fiscal year 2016 turnover of SCHWEIZER group increased slightly to 116.1 million euro compared to 115.6 million euro in 2015. This development is characterised by further successful business with the highly complex products of SCHWEIZER’s technology portfolio, enabling in particular automotive customers to realise solutions for sensors, LED technologies and electro mobility.

Preliminary, unaudited figures reveal a group EBITDA (Earnings before Interest, Tax, Depreciation and Amortisation) according to IFRS of 9.5 million euro (2015: 11.4 million euro). This corresponds to an EBITDA ratio of 8.2%, which is below the envisaged range of between 9 to 10%. The expected group EBIT amounted to 1.8 million euro (2015: 3.7 million), corresponding to a ratio of 1.6% (2015: 3.2%). The result was burdened by substantial product ramp-ups, showing a lower rate of return in the ramp-up phase, by disproportionally increasing personal cost as well as by a comprehensive investment programme totalling 8.8 million euro for new production technologies. The expected annual group result decreased to 0.6 million euro (2015: 1.5 million euro).

Based on the expected annual result of the mother company Schweizer Electronic AG according to HGB standards, SCHWEIZER’s Executive Board recommends to the Supervisory Board to propose a dividend of 0.65 euro per share on occasion of the forthcoming Annual General Meeting on July 7, 2017.

Final, audited figures for the business year 2016 will be disclosed on April 28, 2017.

01.02.2017 | 15:48 | Schweizer Electronic AG: Removal from office of chairperson of the management board

Schramberg, 01.02.2017 – In today's supervisory board meeting, the supervisory board revoked the appointment of Dr Maren Schweizer as member and as chairperson of the management board of Schweizer Electronic AG with immediate effect. The business units Operations, Sales & Marketing, Global Supply Chain and the division Systems for which Dr Maren Schweizer was responsible will be managed by the members of the board Nicolas-Fabian Schweizer and Marc Bunz until further notice.


07.10.2016 | 14:34 | Schweizer Electronic AG: Temporary Change in Executive Board

Schramberg, October 07, 2016 14:34 – The company was informed today that due to health reasons, Dr. Maren Schweizer, Chief Executive Officer of Schweizer Electronic AG, will not be available for the company until further notice, i.e. for a longer period than originally communicated in the ad hoc-release dated April 22, 2016. Since the Deputy Chairman of the Management Board, Mr. Nicolas Schweizer is currently on sick leave, the business units which belong to the areas of responsibility of Dr. Maren Schweizer and Nicolas Schweizer are being managed on an interim basis by Marc Bunz, Member of SCHWEIZER’s Executive Board.

22.04.2016 | Schweizer Electronic AG: Temporary change in Executive Board

Schramberg, April 22, 2016 – As of today until September 2016, Dr. Maren Schweizer, Chief Executive Officer of Schweizer Electronic AG, will only be available for the company to a very limited extent due to health reasons. Facing this situation, the Supervisory Board appointed Mr. Nicolas Schweizer in today’s meeting as Deputy Chairman of the Management Board, who will take over Dr. Maren Schweizer’s tasks as Chief Executive Officer during her absence. The business units Operations, Sales & Marketing, Global Supply Chain and the division Systems, which are under Dr. Maren Schweizer’s responsibility, will be managed by the Members of the Board Nicolas Schweizer and Marc Bunz in this interim phase.

01.04.2016 | Preliminary, unaudited group figures according to IFRS for Fiscal Year 2015

Schramberg, April 1st, 2016 - In order to represent the significance of the Asian business more adequately in its financial reporting, SCHWEIZER for the first time has established a consolidated financial statement according to IFRS Standards for the fiscal year 2015.

On the balance sheet, the adoption of IFRS Standards leads to the disclosure of hidden reserves in tangible assets. While balance sheet assets of the individual financial statement amount to 87.7 million euro, balance sheet assets of the consolidated financial statement according to IFRS come up to 119.1 million euro. The increase in assets is reflected by a higher IFRS consolidated equity of  67.5 million euro compared to an equity of 51.5 million euro in the individual financial statement. The IFRS consolidated equity ratio amounts to 56.6% (individual financial statement 58.7%).

The higher value of tangible assets according to IFRS translates into higher yearly depreciations of 3.8 million euro in the income statement. Particularly due to this effect, the consolidated EBIT before special effects amounted to 5.9 million euro. One-time restructuring expenses of 1.1 million euro and negative exchange rate effects between the euro and the US dollar amounting to a total of  1.0 million euro burdened the result. The EBIT after special effects amounted to 3.8 million euro. Profit after tax is anticipated to be 1.5 million euro (individual financial statement 5.5 million euro).

SCHWEIZER continues to expect a strong business with its automotive solutions to reduce CO2-emissions as well as with its solutions for high frequency applications, which form the precondition for autonomous driving. Thanks to these product solutions, the order book climbed to a record level of 149.1 million euro by the end of the year 2015 order, which is an increase of 25% according to the previous year.


26.11.2014 | Within the context of a strategic partnership Infineon acquires a 9.4 percent stake in Schweizer Electronic AG

Schramberg, November 26, 2014 – Infineon Technologies AG, München and Schweizer Electronic AG agreed today to establish a strategic partnership in order to develop a com-mon market for chip embedding solutions. Within this context Infineon Technologies AG acquired a 9.4 percent stake in Schweizer Electronic AG today.

24.01.2014 | Preliminary Results for the Fiscal Year 2013

Expectations exceeded

  • Expected EBIT EUR 9.8 million, EBIT Margin 9.6 %
  • Expected Annual Sales EUR 101.2 million
  • Order Entry in 2013 about EUR 126 million
  • Order Book at the End of 2013: EUR 114 million

Schramberg, January 24, 2014 – Due to the company’s ongoing positive development in the fourth quarter 2013, Schweizer Electronic AG expects earnings before interest and tax (EBIT) of about EUR 9.8 million (previous year EUR 5.2 million), based on preliminary and unaudited data. This corresponds to an EBIT margin of about 9.6 % (previous year 5.2 %) and an increase of about 88 % compared to the fiscal year 2012.

The provisionally calculated sales could slightly be improved to EUR 101.2 million (previous year EUR 100.2 million). Furthermore, order intake showed a positive development which, in fiscal year 2013, increased by approx. 78 % to EUR 126 million (previous year EUR 71.3 million). The order book amounted to EUR 114 million at the End of 2013 (previous year 90 million).

Final audited financial figures for the fiscal year 2013 will be published on March 31, 2014.


21.10.2013 | SCHWEIZER increases Forecast for Fiscal Year 2013

Schramberg, October 21, 2013 – Based on the company’s continuing positive development in the third quarter, SCHWEIZER increases its sales expectations for the PCB business to approx. EUR 100 million (up to now more than EUR 90 million) and expects an EBIT margin of 7 to 7.5 % (up to now more than 5 %) for the fiscal year 2013.
This positive development of the company is demonstrated by an order entry of EUR 35.2 million, sales of EUR 26.7 million as well as an EBIT margin of 12 % in the third quarter, each of the listed key figures representing the highest value in the current fiscal year.
SCHWEIZER will publish further details on the business performance of the third quarter on November 8, 2013.

27.03.2013 | SCHWEIZER with increased dividend proposal

Schramberg, March 27, 2013 – Following the approval of the annual financial statements as of December 31, 2012 of Schweizer Electronic AG, the Supervisory Board and the Executive Board have decided during their meeting today to propose to the annual shareholder meeting on July 5, 2013 the distribution of a dividend of 0.55 Euro per share for the fiscal year 2012. This corresponds to an increase of 17 % compared to the previous year. According to the dividend policy of SCHWEIZER, the dividend is scaled on the basis of the freely available liquidity. Based on the increasingly solid economic situation and a debt relief of the company to the largest extent, SCHWEIZER is able to increase the dividend for the second time in succession.

04.02.2013 | Preliminary Figures for the Fiscal Year 2012

  • Best automotive year in the company history
  • Sales and operating result (EBIT) in line with guidance
  • Financial result impacted by value adjustments of shares in Meiko Electronics

Schramberg, February 4, 2013 – The annual sales of EUR 100.2 Mio. exceeded Schweizer Electronic AG’s expectation. This was caused by the improved sales in the fourth quarter. Sales with customers in the automotive industry were EUR 65.3 Mio. (previous year EUR 58.7 Mio.), the highest in the company‘s history yet.

In the year 2012 SCHWEIZER achieved an operating result before interest and taxes (EBIT) of EUR 5.2 Mio. (previous year EUR 8.3 Mio.). The growing share of innovative products has a positive impact on the added value. However, expenses for material as well for manufacturing and quality assurance processes rose, caused by an increased complexity of produced PCBs. The result of the fiscal year 2011 was favored by the reversal of various accruals for contingent liabilities of about EUR 1.2 Mio. This special effect did not occur in the reporting period. This fact alone explains nearly 40 % of the decline in results compared to the previous year.

The annual result of EUR 0.7 Mio. was below the results of the previous year (EUR 6.5 Mio.). A devaluation of the share in Meiko Electronics by EUR 2.8 Mio. burdened the financial result. In the meantime, PCB industry experienced a significant and sustained reduction of its evaluation on the capital market. This has led to the fact that the share in Meiko Electronics had to be adjusted to the year-end price of the Meiko share. Thus the share in Meiko has been evaluated with EUR 1.8 Mio. (previously EUR 4.6 Mio.) in our financial assets.

The final and audited figures for the fiscal year 2012 will be announced on March 28, 2013.


05.07.2012 | SCHWEIZER lowers forecast for Fiscal Year 2012

Schramberg, July 5, 2012 – Schweizer Electronic AG updates its outlook for sales and results for fiscal year 2012 on the basis of important indicators confirming the signs for a market downswing.

Following the end of the first quarter, the company already pointed at possible market weaknesses due to the current imponderabilities of the global economy and the continuing debt crises in Europe. Growth driver China also falls short of predicted growth rates.

In the meantime these events have a noticeable impact on the real economy in Germany. This is substantiated by the recently lowered forecasts of semiconductor companies which are regarded as early indicators for the PCB industry. Big automotive suppliers as well as companies in industry electronics and solar business expect decreasing sales. Accordingly, the order behaviour of Schweizer Electronic AG’s customers, mainly active in the segments automotive, industry and solar, increasingly follow this pattern.

For the current fiscal year SCHWEIZER now expects sales of 95 to 100 million Euro. This is 5 to 10 % below previous expectations. In parallel, the company expects for its division Electronic an EBIT margin of 5 % to 7 % (previously 8 % to 10 %). Investments into the division Energy will burden results with 1 % to 2 %. Previous expectations were based on 2 %.

SCHWEIZER will announce further details regarding the business development of the second quarter as well as an outlook on the expected development of the fiscal year on August 24 on the occasion of publishing figures for the first half year of 2012.

08.02.2012 | Preliminary Figures for the Fiscal Year 2011

Schramberg, February 8, 2012 – Despite a seasonally weaker fourth quarter Schweizer Electronic AG was able to keep their annual sales stable at 105.4 million Euro compared to the previous year and within expectations. In the reporting year, particularly customers in the automotive segment were asking for PCB technology made in Schramberg. With 58.7 million Euro (previous year 51.6 million Euro) this customer segment represented 55.7 % of the sales volume. Thus, the weak market development in solar electronics could be fully compensated.
Incoming orders in the reporting year amounted to 103.6 million Euro (previous year 163.0 million Euro) and orders in hand by the end of the year were at 120.0 million Euro (previous year 122.0 million Euro), which lead to an even book-to-bill ratio of 1.0.

Due to price increase of input factors and a lower production capacity utilization in the fourth quarter, EBIT before special effects decreased to 9.3 million Euro (previous year 13.0 million Euro) and with an EBIT margin of 8.8 % remained below expectations of 10 to 11 million Euro respectively 10 % EBIT margin. EBIT including special effects amounted to 8.3 million Euro (previous year 16.9 million Euro). Special effects of 1.0 million Euro resulted from final settlement of the fire incident in the year 2005. In 2010, following the final assessment and analogous to the tax approach, an upward revaluation of assets occurred which resulted in a positive special effect in 2010.

Balance sheet ratios further on significantly improved during the past fiscal year. At the end of 2011, equity ratio was at 59 % (previous year 50.5 %). Net gearing amounted to -3 % (previous year 11 %). Thus the liquidity of the company is higher than the sum of interest-bearing liabilities.

The year 2012 already shows a significant recovery compared to the final quarter of the reporting year. In the fourth quarter of the year 2011 sales amounted to 21.8 million Euro. For the first quarter of the fiscal year 2012 the company expects sales of about 26 million Euro. 

The final and audited figures for the fiscal year 2011 will be announced on April 25, 2012.


20.11.2011 | Schweizer Electronic: Start of Production for Solar Cells and Modules in China

Schramberg, November 20, 2011 - Schweizer Electronic AG (ISIN: DE005156236) today decided to build and operate a production plant for solar cells and modules with up to four 100 MW production lines in Nantong, China, to be managed by their division Energy. The investment volume for building the first production line accounts for 50 to 60 million US Dollar.
The target market for the high efficiency solar modules, which are based on monocrystalline cells, will mainly be Asia Pacific, in particular China.
As a basis for the investment decision Schweizer Energy Pte. Ltd., a daughter company of Schweizer Electronic AG located in Singapore, has reached an according agreement with the responsible development company of the City of Nantong.
For building the first production line Schmid Group, Freudenstadt, will be the strategic technology partner of Schweizer Electronic AG. For many years, Schmid has been Schweizer Electronic AG’s technology partner and is world market leader for turnkey production lines in photovoltaic.

For further information please contact:

Marc Bunz, CFO
Schweizer Electronic AG
Einsteinstraße 10
78713 Schramberg / Germany
Telefon: +49 7422 512 - 213

07.02.2011 | Schweizer Electronic AG with Record Year: Expectations exceeded

Schweizer Electronic AG with Record Year: Expectations exceeded

Schramberg, February 7, 2011 - Schweizer Electronic AG will close the Financial Year 2010 with the highest sales in its 161 year-old company history. The company exceeded its forecast and expects sales of 105.4 mio. EUR (previous year 65.8 Mio. EUR; plus 60%). Incoming orders even amounted to more than 160 Mio. EUR (previous year  83.0 Mio. EUR) which equals a Book-to-Bill ratio of 1.5.

Furthermore Schweizer Electronic expects earnings before interest and tax (EBIT) of 16.9 Mio. EUR (previous year -3.4 Mio. EUR), corresponding to a margin of 16.0%. This includes one-time special items of 3.8 Mio. EUR. EBIT, adjusted by special items, amounts to 13.1 Mio. EUR respectively 12.5%. Earnings per share (EPS) are estimated to be at 3.60 EUR including special items.

Based on these preliminary and unaudited results the Executive Board will propose to the Supervisory Board to distribute a dividend to the shareholders for the past Financial Year of 0.42 EUR per share.

For 2011 the company anticipates a continuation of the global upswing which might, however, lose its dynamics. With a view to the market segments an increase of sales revenues of between 5 % and 15 % is expected for the Fiscal Year 2011. This forecast also draws on the fact that Schweizer starts the Fiscal Year 2011 with orders in hand of more than 120 Mio. Euro.

Schweizer Electronic AG will publish the complete and audited results for the Fiscal Year 2010 on Wednesday, April 27, 2011.