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Schweizer Electronic AG today released final figures for the last fiscal year. The company closed the accounts in 2014 with record sales of 110.2 million Euro (2013: 101.2 Mio Euro) and earnings before interest and tax (EBIT) of 10.0 million Euro (2013: 9.8 million Euro). This is the company’s second highest EBIT ever, and it corresponds to an EBIT margin of 9.1% (2013: 9.7%). Additional expenditure for continuing the expansion of the Asian production capacities - with focus on Vietnam - burdened the EBIT with 1.1 million Euro.
The performance at SCHWEIZER’s high technology plant in Schramberg, Germany was particularly satisfying, reporting sales of 100.3 million Euro and thus passing the historical mark of 100 million Euro (2013: 94.6 million Euro). With 50.5 million Euro, highly innovative technology products already represented 46% of the company’s total turnover, and they are expected to continue driving growth especially in Schramberg. The turnover of the Asian partner network also showed a pleasing development, boosting by 54% to 9.9 million Euro against 6.4 million Euro in 2013. Thanks to the continuously high demand SCHWEIZER’s order backlog increased again in 2014, amounting to 119.2 million Euro against 114.2 million Euro the year before. Equity capital increased to 48.4 million Euro (2013: 45.1 million Euro), which corresponds to an equity ratio of 59.6% against 58.8% the year before.
“We are very pleased with last year’s business results and – as promised – we would like to let our shareholders participate in this success. Therefore, we will suggest an increase of our dividend to 0.65 euro on occasion of our Annual General Meeting 2015”, says Dr. Maren Schweizer, CEO of Schweizer Electronic AG. And she concludes, “Our capacities are well utilized and thanks to our international production landscape, we are ideally equipped for further growth. That’s why we stick to our forecast to grow faster than our reference markets in 2015 as well.”
The annual report for the year 2014 is available here. An English version of this report will be available soon.