Schweizer Electronic AG with Record Year: Expectations exceeded
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.