PRESS RELEASE: Schweizer Electronic AG: SCHWEIZER pays dividend of 0.47 Euro
11.07.2012
DGAP-News: Schweizer Electronic AG / Key word(s): AGM/EGM/Dividend
Schweizer Electronic AG: SCHWEIZER pays dividend of 0.47 Euro
11.07.2012 / 16:20
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Schramberg, July 11, 2012 - Shareholders present at Schweizer Electronic
AG's annual shareholders' meeting on July 6, 2012 followed the proposal
submitted by the Executive and Supervisory Boards and agreed to pay a
dividend of 0.47 Euro per share for the fiscal year 2011, which corresponds
to a dividend ratio of 35 % based on the unappropriated profit. Thus
shareholders benefit from the positive course of the business year and a
dividend payment which is 12 % higher compared to 2011. Based on the
current share price of 11.85 Euro the dividend yield is about 4 %.
Furthermore, SCHWEIZER will have employees participate in the company's
success and this way express their appreciation for the outstanding
contribution. Hence, each staff member will receive 770 Euro on average.
Beyond the proposal for paying a dividend, the plenum, which gathered in
Rottweil, agreed to all other proposals with a vast majority. Among these
proposals was the election of Christoph Schweizer as a member of the
Supervisory Board until the shareholders' meeting in 2014. 114 shareholders
joined the meeting, who represented 86 % of the share capital.
Additionally, about 50 guests were present.
In their speeches Dr. Marc Schweizer, CEO, and Marc Bunz, CFO, reported on
the second best year in the company's history. They summarized the positive
results of the year 2011, sales of which was at 105.4 million Euro and thus
stable compared to the previous year, and the most important parameters.
SCHWEIZER was able to achieve net indebtedness below zero, an equity ratio
of 59 %, an operative cash flow of 11.2 million Euro and a significant
sales increase with innovative products from their modular technology kit.
During the shareholders' meeting, the Executive Board of Schweizer
Electronic AG emphasized that - despite economic uncertainties - the
company looks optimistically towards the future. The Board based this
attitude on the fact that SCHWEIZER concentrates on growth markets with a
considerable social significance, such as energy efficiency and mobility.
Thus, the company will increasingly focus on their divisions Electronic,
Energy and Systems in future. The division Tracing, which is based on a
cooperation with Siemens Austria, will no longer be pursued strategically.
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 Stuttgart Stock Exchange
(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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11.07.2012 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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177535 11.07.2012
DGAP-News: Schweizer Electronic AG / Key word(s): AGM/EGM/Dividend
Schweizer Electronic AG: SCHWEIZER pays dividend of 0.47 Euro
11.07.2012 / 16:20
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Schramberg, July 11, 2012 - Shareholders present at Schweizer Electronic
AG's annual shareholders' meeting on July 6, 2012 followed the proposal
submitted by the Executive and Supervisory Boards and agreed to pay a
dividend of 0.47 Euro per share for the fiscal year 2011, which corresponds
to a dividend ratio of 35 % based on the unappropriated profit. Thus
shareholders benefit from the positive course of the business year and a
dividend payment which is 12 % higher compared to 2011. Based on the
current share price of 11.85 Euro the dividend yield is about 4 %.
Furthermore, SCHWEIZER will have employees participate in the company's
success and this way express their appreciation for the outstanding
contribution. Hence, each staff member will receive 770 Euro on average.
Beyond the proposal for paying a dividend, the plenum, which gathered in
Rottweil, agreed to all other proposals with a vast majority. Among these
proposals was the election of Christoph Schweizer as a member of the
Supervisory Board until the shareholders' meeting in 2014. 114 shareholders
joined the meeting, who represented 86 % of the share capital.
Additionally, about 50 guests were present.
In their speeches Dr. Marc Schweizer, CEO, and Marc Bunz, CFO, reported on
the second best year in the company's history. They summarized the positive
results of the year 2011, sales of which was at 105.4 million Euro and thus
stable compared to the previous year, and the most important parameters.
SCHWEIZER was able to achieve net indebtedness below zero, an equity ratio
of 59 %, an operative cash flow of 11.2 million Euro and a significant
sales increase with innovative products from their modular technology kit.
During the shareholders' meeting, the Executive Board of Schweizer
Electronic AG emphasized that - despite economic uncertainties - the
company looks optimistically towards the future. The Board based this
attitude on the fact that SCHWEIZER concentrates on growth markets with a
considerable social significance, such as energy efficiency and mobility.
Thus, the company will increasingly focus on their divisions Electronic,
Energy and Systems in future. The division Tracing, which is based on a
cooperation with Siemens Austria, will no longer be pursued strategically.
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 Stuttgart Stock Exchange
(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
=--------------------------------------------------------------------
11.07.2012 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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177535 11.07.2012
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