-
- 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
Article Highlights
- Columns
Search Console
- Links
- Events
||| MENU - pcb007 Magazine
Schweizer Electronic Reports Strong 1H18 Results
August 10, 2018 | Schweizer Electronic AGEstimated reading time: 2 minutes
The Schweizer Group closed the first half year 2018 with a turnover growth to EUR63.9 million (2017: EUR61.9 million). The EBITDA (earnings before interest, taxes, depreciation and amortisation) jumped to 6.6 million euro (2017: EUR3.6 million), and the EBITDA ratio increased to 10.3% (2017: 5.8%) in the first half year 2018. The Group EBIT (earnings before interest and taxes) amounted to EUR2.8 million (2017: -EUR0.4 million) and thus improved by EUR3.2 million against last year’s period. The group result rose to EUR1.9 million after a loss of EUR1.1 million in the first half year 2017.
The worldwide demand for passive components increased significantly over the last months and has already led to delayed customer call-offs also by Schweizer customers. Despite these bottlenecks concerning passive components, our sales with automotive customers increased by EUR0.8 million to EUR44.1 million. Sales with industry customers grew by 7.7% or EUR1.1 million to EUR15.3 million. Total turnover in the second quarter 2018 was particularly strong at Schweizer with a plus of 8.8% compared to the previous year’s quarter. We expect further growth in the second half year so that the turnover forecast of slightly below EUR130 million for the fiscal year 2018 is realistic.
Schweizer has established itself as indispensable specialist for power electronics and sensors and thus is a vital partner for its automotive customers when it comes to a cystotomies and reliable implementation of solutions in the field of electro mobility and CO2 efficiency as well as autonomous driving. Also, for customers from industry electronics our technologies play an increasingly important role, so we could benefit from the favorable development in these market segments as well in the first half year 2018. This is impressively reflected by our order income which boosted by almost 20% against previous year’s level to EUR76.7 million. Therefore, our order book increased to EUR185.1 million by June 30, 2018 (2017: EUR160.5 million). Orders amounting to about EUR60 million are still to be delivered in 2018, while the order book for 2019 already amounts to more than EUR100 million. The strong demand of customers from the automotive sector followed by applications form industry electronics continues unabated.
“The current delay of customer call-offs triggered by the bottleneck concerning passive components certainly dampens the outlook. However, Schweizer’s actual order book shows that our turnover target of slightly below EUR130 million for 2018 is realistic, so that we continue to expect the turnover growth of 6% to 8%. Based on the good outcome of the first half year in combination with the forecasted burdens triggered by the setting up of the production site in China, we also confirm our expectation for the EBITDA of EUR11 million to EUR12 million for the fiscal year 2018 (prior expectation: EUR10 million). The EBITDA ratio is expected at between 7% and 9%, whereby the upper end of the range is rather achievable,” said 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- optimized 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
Book Excerpt: The Printed Circuit Assembler’s Guide to... Factory Analytics
04/24/2024 | I-Connect007 Editorial TeamIn our fast-changing, deeply competitive, and margin-tight industry, factory analytics can be the key to unlocking untapped improvements to guarantee a thriving business. On top of that, electronics manufacturers are facing a tremendous burden to do more with less. If you don't already have a copy of this book, what follows is an excerpt from the introduction chapter of 'The Printed Circuit Assembler’s Guide to... Factory Analytics: Unlocking Efficiency Through Data Insights' to whet your appetite.
Listen Up! The Intricacies of PCB Drilling Detailed in New Podcast Episode
04/25/2024 | I-Connect007In episode 5 of the podcast series, On the Line With: Designing for Reality, Nolan Johnson and Matt Stevenson continue down the manufacturing process, this time focusing on the post-lamination drilling process for PCBs. Matt and Nolan delve into the intricacies of the PCB drilling process, highlighting the importance of hole quality, drill parameters, and design optimization to ensure smooth manufacturing. The conversation covers topics such as drill bit sizes, aspect ratios, vias, challenges in drilling, and ways to enhance efficiency in the drilling department.
Elevating PCB Design Engineering With IPC Programs
04/24/2024 | Cory Blaylock, IPCIn a monumental stride for the electronics manufacturing industry, IPC has successfully championed the recognition of the PCB Design Engineer as an official occupation by the U.S. Department of Labor (DOL). This pivotal achievement not only underscores the critical role of PCB design engineers within the technology landscape, but also marks the beginning of a transformative journey toward nurturing a robust, skilled workforce ready to propel our industry into the future.
Winner of The Science Show Rakett 69 Receives Incap Scholarship
04/24/2024 | IncapThe winner of the Rakett 69 science show, Andri Türkson, who stood out as an electronics enthusiast, received a scholarship from Incap Estonia, along with an internship opportunity in Saaremaa.
Alternative Manufacturing Inc. Awarded QML Requalification to IPC J-STD-001 and IPC-A-610
04/24/2024 | IPCIPC's Validation Services Program has awarded an IPC J-STD-001 and IPC-A-610 Qualified Manufacturers Listing (QML) requalification to Alternative Manufacturing Inc (AMI).