EQS-News: Schweizer Electronic AG
/ Key word(s): Half Year Results/Half Year Report
Schweizer Electronic AG: First half of 2024 – Sales growth despite challenging market conditions
Schramberg, 09 August 2024 – SCHWEIZER Group publishes its results for the first half of 2024 and shows sales growth of 8.1 percent to EUR 74.3 million (previous year: EUR 68.7 million), despite a difficult market environment. Order backlog Sales development Market segments and regions EBITDA (earnings before interest, taxes, depreciation and amortisation) for the first half of 2024 amounted to EUR 0.1 million (previous year: EUR 5.7 million), which corresponds to an EBITDA ratio of 0.1 percent. Profitability was negatively impacted by a falling capacity utilization at the Schramberg site, cost increases and shifts in the product mix. Financial position and equity Forecast / Outlook As capacity utilization at the Schramberg production plant is not expected to improve in the second half of the year and the measures introduced are not sufficient to achieve the original EBITDA expectation, we expect EBITDA of EUR 2 to 5 million (previously EUR 10 to 11 million) for the full year 2024. The equity ratio is expected to be in the range of 20 to 25 percent at the end of the year. In a challenging market environment, SCHWEIZER-Group believes it is well positioned for long-term success thanks to strategic initiatives such as high-voltage embedding and the fab-light strategy. Strict cost and cash management will be a high priority in the coming months. The complete half-year financial report is available at https://schweizer.ag/investoren-und-medien/finanzberichte/downloads-berichte
Key Figures SCHWEIZER-Group
1) excluding SEC sales from own production Jan to Apr 2023
2) excluding SEC values Jan to Apr 2023 and deconsolidation gains
Explanations to Financial Figures are available at: https://schweizer.ag/en/investors-media/company-key-figures/explanations-financial-figures.
About SCHWEIZER 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
09.08.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
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: | 1964143 |
End of News | EQS News Service |
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1964143 09.08.2024 CET/CEST
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