Schramberg, August 14, 2014 – SCHWEIZER’s financial results for the first half-year 2014 came up to its expectations: Revenues boosted by 13% to 55.3 million Euro (previous year 48.9 million Euro), and net profit as well increased by 13% amounting to 2.7 million Euro (previous year 2.4 Mio Euro). This is equivalent to earnings per share of 0.72 Euro against 0.63 Euro the year before. Earnings before interest and tax (EBIT) also showed a very positive development rising 24% to 4.7 million Euro (previous year 3.8 million Euro). The EBIT margin amounts to 8.5% against 7.8% the year before.
SCHWEIZER’s level of incoming orders is promising as well: In the first half-year 2014 the company received orders amounting to 61.0 million Euro (plus 4.1% against the previous year), 72% of which being placed by customers of the automotive industry and 24% by the industry electronics sector. Revenues boosted even more than incoming orders, with sales to the most important customer groups automotive and industry climbing over-proportionally by 15% each. Looking at the product portfolio, sales of high technology products contributed with 24.0 million Euro to first half-year revenues compared to 18.0 million Euro the year before.
“After the very positive operative results in the first half-year 2014 we are able to adjust our expectations for the current fiscal year. We now expect revenues to climb by 7% in the fiscal year 2014, which is the upper end of our previous forecast. Net profit is expected to develop accordingly. Further optimisation of our portfolio management in the second half-year 2014 could generate positive effects on our earnings. SCHWEIZER’s order backlog had a value of 119.5 million Euro at the end of June 2014, thus being 20% up against last year’s period. This already is a good indication that our production capacity will be utilised up into the year 2015”, stated Dr. Marc Schweizer, CEO of Schweizer Electronic AG.
The company’s financing structure remains on a high and solid level as well. Thanks to the net profit achieved in the first half-year, SCHWEIZER’s equity increased to 47.8 million
Euro (43.3 million Euro the year before). Thus, the equity ratio was 55.8% at the end of the first half-year 2014.
Today, SCHWEIZER publishes its half-year financial as per June 30, 2014, which is avail-able on www.schweizer.ag/en/investor-relations/financial-reports.html.