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 ●  Turnover increases to EUR 139.4 million
 ●  EBITDA at EUR 47.4 million – high income from deconsolidation
 ●  Outlook for the year 2024 remains positive

The preliminary and unaudited results of the SCHWEIZER Group confirm the major and successfully completed turnaround in 2023. Sales rose to a record of EUR 139.4 million, exceeding expectations with an increase of 6.4 percent. This growth was made possible by a strong fourth quarter.

Gains from the deconsolidation of Schweizer Electronic (Jiangsu) Co., Ltd., China and an operational turnaround in business results led to an EBITDA of EUR 47.4 million (forecast: around EUR 50 million). This confirmed the high profits from the sale of the majority stake in the Chinese unit to WUS Printed Circuit (Kunshan) Co., Ltd., China. Excluding the positive one-off effects of the deconsolidation, EBITDA amounted to EUR 8.9 million (6.4% of sales). This was slightly below the EBITDA forecast of 7 to 9 percent. Net gearing improved significantly to 64.2% (expectation 50 to 70%), as did the equity ratio, which amounted to 24.3% (previous year -5.5%).

Contrary to the market, SCHWEIZER also expects growth in 2024. They anticipate sales in a range of EUR 140 to 150 million (up to plus 10%), which will be made possible primarily by the start of large-scale production of the embedding technology for applications in automotive hybrid drive systems. This is a market segment that is currently developing very promisingly.

About SCHWEIZER

Schweizer Electronic AG offers the latest, cutting-edge technology and consultancy expertise in the PCB industry. Thanks to its state-of-the-art production facilities in Schramberg, Germany and Jintan, China as well as close partnerships with other technology leaders, SCHWEIZER provides individual PCB & Embedding solutions. SCHWEIZER's innovative PCB technologies are used in the most demanding applications, for example, in the Automotive, Aviation, Industry & Medical and Communications & Computing sectors, and are characterised by their extremely high quality and energy-saving and environmentally-friendly features.

The company was founded by Christoph Schweizer in 1849 and is listed at the Stuttgart and Frankfurt Stock Exchanges (ticker symbol “SCE”, “ISIN DE 000515623”). 

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