Schramberg, November 8, 2013 – Schweizer Electronic AG today announces their financial figures for the third quarter 2013, ending September 30. Highest values each for order entry, sales and EBIT margin confirm the positive development of the current fiscal year. Continuous improvements resulted in the fact that SCHWEIZER increases its sales expectations for the PCB business from more than EUR 90 million to approx. EUR 100 million and expects an EBIT margin of 7.0 – 7.5 % (up to now more than 5 %).
From July to September, the company achieved sales of EUR 26.7 million (previous year EUR 23.8 million). Thus, sales increased by approx. 12 % compared to the same period in 2012 and therefore exceeds the company’s expectations. Earnings before interest and taxes (EBIT) amounted to EUR 3.3 million (previous year EUR 1.2 million). This corresponds to an EBIT margin of 12 % (previous year 5 %).
With an order entry of EUR 35.2 million (previous year EUR 20.4 million), the company registered an increase of 73 % compared to the third quarter of the previous year. The positive development was driven particularly by customers from the automotive and industry segment.
“In the current fiscal year we still expect a declining European PCB market in the range of around 10 %. We were able to clearly resist this trend”, says Dr. Marc Schweizer, CEO of Schweizer Electronic AG. “There are primarily three reasons which allow the company to positively look at the coming years. Firstly: the right products, based on innovations addressing today’s megatrends mobility and energy efficiency; secondly the right strategy, which will generate added value for our customers and thirdly our presence in the right, namely the growing regions, like Asia.”