-
- News
- Books
Featured Books
- pcb007 Magazine
Latest Issues
Current IssueThe Growing Industry
In this issue of PCB007 Magazine, we talk with leading economic experts, advocacy specialists in Washington, D.C., and PCB company leadership to get a well-rounded picture of what’s happening in the industry today. Don’t miss it.
The Sustainability Issue
Sustainability is one of the most widely used terms in business today, especially for electronics and manufacturing but what does it mean to you? We explore the environmental, business, and economic impacts.
The Fabricator’s Guide to IPC APEX EXPO
This issue previews many of the important events taking place at this year's show and highlights some changes and opportunities. So, buckle up. We are counting down to IPC APEX EXPO 2024.
- Articles
- Columns
Search Console
- Links
- Events
||| MENU - pcb007 Magazine
SCHWEIZER Posts Successful Start in Fiscal Year 2018
May 8, 2018 | Schweizer Electronic AGEstimated reading time: 2 minutes
With a turnover of 31.8 million euro in the first quarter 2018 (2017: 32.4 million euro), the SCHWEIZER Group met its expectations. The group’s EBITDA (earnings be- fore interest, taxes, depreciation and amortisation) remained stable compared to last year’s first quarter at 3.5 million euro, whereby the EBITDA margin of 10.9% slightly exceeded last year’s value (2017: 10.7%). The EBIT (earnings before interest and taxes) increased to 1.6 million euro (2017: 1.5 million euro), corresponding to an EBIT margin of 4.9 percent (2017: 4.5%).
Backed by a good economic development as expected, the positive trend continued in SCHWEIZER’s most important customer segment automotive as well. The pressure to implement the demanding CO2- reductions and the fast pace of technological developments in the areas of auton- omous driving and lighting technologies have a positive impact on the demand for SCHWEIZER’s printed circuit boards. Increasing bottle necks in the supply chain of car manufactures, in particular in the components sector however, set limits to the actual growth potential.
SCHWEIZER still achieves the major part of its turnover with customers from the automotive sector. Sales with this customer segment came up to 22.1 million euro in the first quarter (2017: 23.1 mil- lion euro). Sales in the industry segment increased by 10.4% to 7.4 million euro, while the development with the other customers remained stable.
The production site in Schramberg accounted for 88% of the total turnover, the partner net- work in Asia for 12%. Series production started at Meiko Electronics in Vietnam as well as at WUS Kunshan. We expect further output increases from here in the coming quarters.
SCHWEIZER’s balance sheet figures and the operative cash flow remain at a good level, debts slightly increased to 52.9 million euro (December 31, 2017: 51.3 million euro). While the financial liabilities were reduced further, other reserves increased. The equity capital rose to 64.3 million euro so that the equity ratio came up to 54.9% (December 31, 2017: 54.9%). Net gear- ing amounted to -4.5%. This means the liquid assets continue to be higher than the fixed-rate debts. In the previous year’s quarter this amounted to +0.9%.
Forecast for 2018 Confirmed
“We are very happy with the start into the new fiscal year. We further on expect our turnover to in- crease by 6 to 8% to a level slightly below 130 million euro. The turnover achievements of the first quarter and the expected sales increases through our partner network reaffirm this forecast. Concerning the EBITDA we also stay with our previous estimate of about 10 million euro or an EBITDA margin of 7 to 9%. Besides the usual seasonal influences we also expect an impact deriving from the start of the construction period of our site in China”, comments Marc Bunz, Chief Financial Officer of Schweizer Electronic AG.
About Schweizer
Schweizer Electronic AG stands for state-of-the-art technology and consultancy competence. SCHWEIZER’s premium printed circuit boards and innovative solutions and services for automotive, solar, industry and avia- tion electronics address key challenges in the areas of Power Electronics, Embedding and System Cost Re- duction. Its products are distinguished for their superior quality and their energy-saving and environmentally- friendly features. Together with its partners WUS Printed Circuit (Kunshan) Co., Ltd., Meiko Electronics Co. Ltd. and Elekonta Marek GmbH & Co. KG the company offers in its division electronics cost- and production- optimised solutions for small, medium and large series. Together with its partner Infineon Technologies AG, SCHWEIZER plans to jointly tap the chip embedding market in future.
Suggested Items
IDTechEx Examines the Opportunities for Wearables in Digital Health
04/19/2024 | IDTechExIDTechEx’s report, “Digital Health and Artificial Intelligence 2024-2034: Trends, Opportunities, and Outlook”, covers this ongoing trend in the consumer health wearables market and includes analysis of the opportunities and roadmap for biometric monitoring.
ZESTRON Welcomes Whitlock Associates as New Addition to their Existing Rep Team in Florida
04/19/2024 | ZESTRONZESTRON, the leading global provider of high-precision cleaning products, services, and training solutions in the electronics manufacturing and semiconductor industries, is thrilled to announce the addition of Whitlock Associates to its esteemed network of sales representatives.
IPC Bestows Posthumous Hall of Fame Award to Industry Icon Michael Ford
04/18/2024 | IPCIPC honored the late Michael Ford, Aegis Software, for his extraordinary contributions to the global electronics manufacturing industry with the IPC Raymond E. Pritchard Hall of Fame Award at IPC APEX EXPO 2024. IPC’s most prestigious honor, the Hall of Fame Award is given to individuals who have provided exceptional service and advancement to IPC and the electronics industry. Ford, an industry leader and valued IPC volunteer, died suddenly in January 2024.
SEMI Applauds U.S. Chips Act Award for Samsung Electronics Facilities to Strengthen Domestic Semiconductor Supply Chain
04/17/2024 | SEMISEMI, the industry association serving the global electronics design and manufacturing supply chain, applauded the United States Department of Commerce’s announcement of a Preliminary Memorandum of Terms for an award under the CHIPS and Science Act to support the expansion of Samsung Electronics’ presence in Texas and the company’s development and production of leading-edge chips.
Northrop Grumman honors Calumet Electronics with Supplier Excellence Award
04/17/2024 | Calumet ElectronicsNorthrop Grumman Corporation has recognized Calumet Electronics during the company’s 2024 Supplier Excellence Awards for “exceptional performance and unwavering commitment to delivering with excellence.” Calumet is one of 70 suppliers recognized from across the globe. In its award category of “Supplier Strategic Excellence,” Calumet was honored alongside global corporations such as Amazon Web Services, Dell Technologies, and Eaton Corporation.