Schweizer Announces Preliminary Results for 1H2022

Reading time ( words)

According to preliminary figures, the SCHWEIZER Group achieved consolidated sales of EUR 64.6 million in the first half of 2022 (first half of 2021: EUR 59.4 million). This corresponds to a sales growth of +8.8% compared to the same period last year. Thanks to a continued good order intake in the second quarter, the order backlog thus increased to EUR 242.4 million (31.12.2021: EUR 191.8 million).  

The provisional EBITDA (earnings before interest, taxes and amortisation) amounted to EUR -7.1 million (first half of 2021: EUR -5.2 million). The EBITDA ratio is thus -11.0% (first half of 2021: -8.8%) and was therefore below our expectations. 

The main cause is a delay in the positive effects of the measures introduced to improve earnings in the Chinese subsidiary.

Against the backdrop of the increased uncertainties over the course of the year, the Executive Board has decided to update the forecast for the current financial year. The Executive Board expects sales growth in the range of +5 to +15% (previously: +10 to +20%). The forecast for the EBITDA ratio has been adjusted to -4% to -8% (previously: +1% to -4%).

The investor discussions held to ensure sufficient liquidity for the Chinese subsidiary are making good progress. From today’s perspective, the aim is to implement the capital measures in China in the second half of the year.


Suggested Items

Catching Up With John Johnson, New Director of Business Development at ASC

09/28/2022 | Dan Beaulieu, D.B. Management Group
It’s always good to catch up with old friends, especially when you can start working together. I recently spoke with my friend John Johnson, who has joined American Standard Circuits as the director of business development. At ASC, John will be using the Averatek A-SAP process that he was previously involved with. He shares some of his background and provides insight on the best ways to use this semi-additive PCB fabrication process that opens the capability window for forming trace and space.

Unimicron July Sales Up 29% YoY

08/22/2022 | Unimicron
Taiwan-based printed circuit board (PCB) manufacturer Unimicron Technology Corp. has posted July sales of NT$11.78 billion ($390.77 million at $1:NT$30.14), down by 4.4% from the previous month but up by 29% year-on-year.

Catching Up with Prototron’s Lee Salazar: Sales in the New Frontier

07/12/2022 | Dan Beaulieu, D.B. Management Group
In the business world, salespeople arguably were the most affected by the pandemic. These professionals had to be the most creative when trying to ply their trade. They had to work from home, make phone calls in lieu of face to face, and learn how to use social media networks and newsletters. This was all to reach their customers—who also were working from home. Even when they got vaccinated and managed to hit the road, they often found that their customers’ doors were closed and they were not allowed inside, if their particular contact was there at all. Many times, they had to resort to meeting their customers in parking lots or restaurants with outdoor dining. And guess what? It’s not even over yet. So, how does a salesperson create success when so much seems to have changed? I reached out to Lee Salazar of Prototron to learn how he met the challenges, and his tips for others who are moving forward.

Copyright © 2022 I-Connect007 | IPC Publishing Group Inc. All rights reserved.