Schramberg, November 7, 2014 – With a cumulated turnover of 83.3 Mio Euro (previous year 75.6 Mio Euro) and an order backlog of 121.2 Mio Euro (previous year 107.9 Mio Euro) at the end of the third quarter 2014, SCHWEIZER again surpassed its previous year’s figures. Quarterly sales rose to 28.0 Mio Euro from 26.7 Mio Euro the year before. The company managed to expand its positioning in the automotive industry with an increase of 16 % to 20.6 Mio Euro. Cumulative EBIT by the end of the third quarter increased to 7.6 Mio Euro from 7.1 Mio Euro in last year’s period. This corresponds to an EBIT margin of 9.1%. Quarterly EBIT at the end of September was within the company’s expectations with 2.9 Mio Euro against 3.3 Mio Euro the year before and an EBIT margin of 10.4%. Cash flow from operating activities climbed to 7.3 Mio. Euro in the first three quarters of this fiscal year compared to 6.3 Mio Euro in previous year’s period.
Particularly positive is the increase of order income in the Asian production capacities. They boosted by 98% to 11.1 Mio Euro at the end of September. Total sales realised through SCHWEIZER’s Asian partner network jumped by 51% against last year to 7.4 Mio Euro by the end of September.
Dr. M. Schweizer, CEO Schweizer Electronic AG, comments, “Our business results after the first nine months of this fiscal year are really satisfying and come up to our expectations. In the third quarter, successes in our portfolio management already had an important influence on the improved results compared to the second quarter. SCHWEIZER’s clear technological positioning in the area of innovation and growth technologies for power electronics, embedding and system cost reduction made a significant contribution to the business performance. Looking forward to the year end results, we are happy to specify our forecast with expected sales of 108 Mio Euro for 2014 and an EBIT around 9 to 10 Mio. Euro, already considering our extraordinary expenses for the production start in Vietnam.”