Following a downturn in previous years, the global PCB market again showed growth in 2019, this time of 1.4% (2018: +5.6%).
The core business of SCHWEIZER is the production of PCBs and embedding solutions on the basis of customers' specifications and wishes. SCHWEIZER helps with the entire product life cycle, from the prototype up to high-volume production. In addition to the production of custom PCBs, SCHWEIZER offers customers an extensive consulting and services portfolio.
Based on continuous innovation and comprehensive know-how, SCHWEIZER addresses today's main mega-trends: E-mobility and energy efficiency. SCHWEIZER works with leading companies in the PCB and embedding technology sector and with renowned technical institutes.
Mobility and energy efficiency are long-term drivers for the growth of SCHWEIZER. In its core sector of electronics, the company has a leading market position, excellent technologies and products, and long-term customer relationships that can also be utilised, in the future, for the "Systems" sector.
In 2019, SCHWEIZER saw a turnover of 120.7 million euros. The Group's EBITDA (Earnings Before Interest, Tax, Depreciation, and Amortisation) as calculated under IFRS was 0.1 million euros, which corresponds to an EBITDA margin of 0.1%.
Due to the extremely negative effects of the COVID-19 pandemic, we expect a drop in turnover of around 23-28% and an EBITDA margin of between -8 and -12% for 2020.
"Corporate governance" is an umbrella term for methods and instruments for managing and monitoring organisations. It denotes a voluntary undertaking to strive towards responsible and sustainable value creation. By signing the corporate governance declaration, we hope to promote trust in our company on the part of national and international investors, business partners, the general public and – last but not least – our own employees.
We are committed to the standards of the German Corporate Governance Code.
Our voluntary corporate governance commitment is implemented through close and efficient cooperation between the Board of Directors and the Board of Management. We also respect shareholder interests and are transparent to all stakeholders thanks to open corporate communication.
Our belief: Openness forms the basis of trust.