DGAP-Adhoc: Schweizer Electronic AG: Preliminary Figures for the Fiscal Year 2011
08.02.2012
Schweizer Electronic AG / Key word(s): Preliminary Results
08.02.2012 16:59
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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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
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Information and Explaination of the Issuer to this News:
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 PCB cost and production optimised
solutions for small, medium and large series and within this network
employs more than 14,000 people in Germany, Japan, China and Vietnam.
With about 700 employees SCHWEIZER achieved sales of 105.4 million Euro in
Fiscal Year 2010 (ending December). The company was founded in 1849, is
managed by family members and listed at the Stuttgart Stock Exchange
(ticker symbol 'SCE', 'ISIN DE 000515623').
For further information please contact
Marc Bunz
Schweizer Electronic AG
Einsteinstraße 10
78713 Schramberg
Phone: +49 7422 / 512-213
Fax: +49 7422 / 512-397
E-mail: ir@schweizer.ag
Please visit our website: www.morethanPCBs.com
08.02.2012 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 Announcement DGAP News-Service
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Schweizer Electronic AG / Key word(s): Preliminary Results
08.02.2012 16:59
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
=--------------------------------------------------------------------------
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
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Information and Explaination of the Issuer to this News:
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 PCB cost and production optimised
solutions for small, medium and large series and within this network
employs more than 14,000 people in Germany, Japan, China and Vietnam.
With about 700 employees SCHWEIZER achieved sales of 105.4 million Euro in
Fiscal Year 2010 (ending December). The company was founded in 1849, is
managed by family members and listed at the Stuttgart Stock Exchange
(ticker symbol 'SCE', 'ISIN DE 000515623').
For further information please contact
Marc Bunz
Schweizer Electronic AG
Einsteinstraße 10
78713 Schramberg
Phone: +49 7422 / 512-213
Fax: +49 7422 / 512-397
E-mail: ir@schweizer.ag
Please visit our website: www.morethanPCBs.com
08.02.2012 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 Announcement DGAP News-Service
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