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EQS-Ad-hoc: Schweizer Electronic AG / Key word(s): Change in Forecast Schweizer Electronic AG: Adjusted forecast for the year 2024 Schramberg, November 5, 2024 – Based on the preliminary financial results for the first nine months of 2024 of the SCHWEIZER Group, the Executive Board has adjusted the forecast for the 2024 financial year. After a revenue growth of +7.8 percent in the first nine months of 2024, the Executive Board confirms its revenue forecast at the lower end of the range of 140 to 150 million EUR. The current difficult economic situation is leading to underutilization of PCB manufacturers in Europe and Asia. As a result, the price pressure on PCB products continues to increase. The effectiveness of already initiated cost adjustment measures at the plant in Schramberg (Germany) has been somewhat delayed by various cost retentions, so they will not be fully effective in the fourth quarter. Consequently, the Executive Board expects EBITDA (earnings before interest, taxes, depreciation, and amortization) to be between EUR 0 and 2 million (previous forecast: EUR 2 to 5 million) and an equity ratio between 15 and 20 percent (previous forecast: 20 to 25 percent). Considering the ongoing challenges, the Executive Board will continue to advance the program for improving earnings to address the utilization situation at the plant in Schramberg. The figures for the first nine months of 2024 will be announced on 8 November 2024 at https://schweizer.ag/investoren-und-medien/finanzberichte/downloads-berichte. Explanations to Financial Figures are available at: https://schweizer.ag/en/investors-media/company-key-figures/explanations-financial-figures.
Contact: Elisabeth Trik Investor Relations Phone: +49 7422 512 302 Fax: +49 7422 512 397 ir@schweizer.ag End of Inside Information Information and Explanation of the Issuer to this announcement: About SCHWEIZER Schweizer Electronic AG offers the latest, cutting-edge technology and consultancy expertise in the PCB industry. Thanks to its state-of-the-art production facilities in Schramberg, Germany and Jintan, China as well as close partnerships with other technology leaders, SCHWEIZER provides individual PCB & Embedding solutions. SCHWEIZER's innovative PCB technologies are used in the most demanding applications, for example, in the Automotive, Aviation, Industry & Medical and Communications & Computing sectors, and are characterised by their extremely high quality and energy-saving and environmentally-friendly features. 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
05-Nov-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| 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 |
| EQS News ID: | 2022279 |
| End of Announcement | EQS News Service |
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2022279 05-Nov-2024 CET/CEST
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