DGAP-Adhoc: Schweizer Electronic AG with Record Year: Expectations exceeded
07.02.2011
Schweizer Electronic AG / Key word(s): Preliminary Results/Dividend
07.02.2011 11:18
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 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.
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Information and Explaination of the Issuer to this News:
About Schweizer:
Schweizer Electronic AG (WKN 515623) is one of the Top 3 PCB manufacturers
in Europe with recognized technology and consulting expertise in the field
of automobile, solar and industrial electronics. The company was
established in 1849 and is currently managed by the sixth generation of the
family.
Schweizer Electronic is focused on complex multilayer and HDI circuits as
well as solutions for reducing the system cost and improving the
integration of active and passive components on the PC board. In addition,
Schweizer Electronic has many answers to the challenges of modern power
electronics. With its network of partners, Schweizer Electronic AG offers
optimal cost and manufacturing solutions for small, medium and large
series.
For further information please contact
Marc Bunz
Schweizer Electronic AG
Einsteinstraße 10
78713 Schramberg / Germany
Phone: +49 7422 512 - 213
E-mail: ir@schweizerelectronic.ag
07.02.2011 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
Deutschland
Phone: 07422-512-301
Fax: 07422-512-397
E-mail: ir@schweizerelectronic.ag
Internet: www.schweizerelectronic.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/Dividend
07.02.2011 11:18
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 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.
=--------------------------------------------------------------------------
Information and Explaination of the Issuer to this News:
About Schweizer:
Schweizer Electronic AG (WKN 515623) is one of the Top 3 PCB manufacturers
in Europe with recognized technology and consulting expertise in the field
of automobile, solar and industrial electronics. The company was
established in 1849 and is currently managed by the sixth generation of the
family.
Schweizer Electronic is focused on complex multilayer and HDI circuits as
well as solutions for reducing the system cost and improving the
integration of active and passive components on the PC board. In addition,
Schweizer Electronic has many answers to the challenges of modern power
electronics. With its network of partners, Schweizer Electronic AG offers
optimal cost and manufacturing solutions for small, medium and large
series.
For further information please contact
Marc Bunz
Schweizer Electronic AG
Einsteinstraße 10
78713 Schramberg / Germany
Phone: +49 7422 512 - 213
E-mail: ir@schweizerelectronic.ag
07.02.2011 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
Deutschland
Phone: 07422-512-301
Fax: 07422-512-397
E-mail: ir@schweizerelectronic.ag
Internet: www.schweizerelectronic.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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