DGAP-Adhoc: Schweizer Electronic AG: Preliminary unaudited group figures for Fiscal Year 2018, Proposal for a dividend omission and outlook for 2019

2019. március 22., péntek, 09:43





DGAP-Ad-hoc: Schweizer Electronic AG / Key word(s): Dividend/Preliminary Results


Schweizer Electronic AG: Preliminary unaudited group figures for Fiscal Year 2018, Proposal for a dividend omission and outlook for 2019


22-March-2019 / 09:43 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.


The issuer is solely responsible for the content of this announcement.




Schweizer Electronic AG: Preliminary unaudited group figures for Fiscal Year 2018, Proposal for a dividend omission and outlook for 2019

 



- Turnover growth of 3.7 percent slightly above our expectations



- EBITDA margin at the lower end of the forecast



- Proposal for dividend omission



- Forecast for EBITDA margin 2019 at 4 to 6 percent



Schramberg, March 22, 2019 - According to preliminary unaudited figures, the SCHWEIZER Group expects a turnover of 125.3 million euro for the fiscal year 2018. This corresponds to a growth of 3.7 percent against the previous year, despite the challenging development in the relevant business markets in the second half year.



The EBITDA (earnings before interest, taxes, depreciation and amortisation) amounted to 9.3 million euro, which is equivalent to a margin of 7.4 percent. Thus it was at the lower end of the forecast of 7 to 9 percent.



SCHWEIZER is striving for dynamic growth on the global market for power electronics and chip embedding applications in future. The new high technology plant under construction in China is to start production at the beginning of 2020. In view of the necessary high investment resources and subject to the Supervisory Board"s approval, the Executive Board will propose a dividend omission at the Annual General Meeting planned for June 28, 2019 in order to invest the funds thus released into the growth investment in China.



The anticipated start-up losses of the new Chinese production plant will burden the result. Therefore we expect an EBITDA margin of 4 to 6 percent for the year 2019. Due to the political uncertainties as well as the continuing slowdown on the automotive market - our biggest customer group - SCHWEIZER reckons with a turnover development moving within a range of -5 to +5 percent.



Final, audited figures for the business year 2018 will be disclosed on April 17, 2019.



Explanations to Financial Figures are available at: https://www.schweizer.ag/en/investor-relations/company- key-figures/explanations-financial-figures.html





Contact:

Elisabeth Trik

Investor Relations

Phone: +49 7422 512 302

Fax: +49 7422 512 397

ir@schweizer.ag






Information and Explanation of the Issuer to this News:

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.



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").



For further information please contact: Elisabeth Trik



Schweizer Electronic AG Einsteinstraße 10



78713 Schramberg

Phone: +49 7422 / 512-302



Fax: +49 7422 / 512-777-302

E-mail: ir@schweizer.ag

Please visit our website: www.morethanPCBs.com








22-March-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

























Language: English
Company: Schweizer Electronic AG

Einsteinstraße 10

78713 Schramberg

Germany
Phone: 07422-512-301
Fax: 07422-512-397
E-mail: ir@schweizer.ag
Internet: www.schweizer.ag
ISIN: DE0005156236
WKN: 515623
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (General Standard), Stuttgart; Regulated Unofficial Market in Tradegate Exchange





 
End of Announcement DGAP News Service




790581  22-March-2019 CET/CEST







fncls.ssp?fn=show_t_gif&application_id=790581&application_name=news&site_id=geo_holding_tug
Tilos a hír bármilyen adatbázisba történő mentése vagy annak továbbítása harmadik fél számára;kereskedelmi viszonylatban vagy kereskedelmi céllal csak a Deutsche Gesellschaft für Ad-hoc-Publizität mbh írásos engedélyével történhet.