Schweizer Electronic AG: Preliminary Group figures for the 2022 financial year and outlook for the year 2023
|
EQS-Ad-hoc: Schweizer Electronic AG / Key word(s): Annual Results/Preliminary Results Schweizer Electronic AG: Preliminary Group figures for the 2022 financial year and outlook for the year 2023
Schramberg, April 12, 2023 – Based on preliminary and as yet unaudited figures, the SCHWEIZER Group achieved consolidated revenues of 131.0 million Euro for the 2022 financial year. This corresponds to an increase of 6.8% compared to the previous year (forecast: +5% to +10%). The EBITDA (earnings before interest, taxes, depreciation and amortization) amounted to -12.3 million Euro, which corresponds to a rate of -9.4% (forecast: -4% to -8%) and was thus below our expectations. The start-up losses of the Chinese subsidiary and the overall increase in energy and material prices, especially in Germany, had a particularly negative impact on the result. Equity decreased to -8.8 million Euro, which corresponds to an equity ratio of -5.5% (31.12.2021: +5.3%), mainly due to the negative consolidated result. Thus, the forecast equity ratio in a range of 6% to 11% could not be achieved. The forecast was made subject to the entry of a new investor in Schweizer Electronic in China by the end of the year. As reported, the investor WUS Printed Circuit (Kunshan) Co., Ltd, based in China, signed a Share Transfer agreement for the majority takeover of Schweizer China on 22 December 2022, but it will only become effective in 2023 after approval by the shareholders' meeting of WUS. Thus, the signing of the purchase agreement in 2022 did not yet have a positive effect on equity. Compared to the previous year, the consolidated result decreased by EUR -7.3 million to EUR -33.5 million Euro (2021: EUR -26.2 million). The fact that SCHWEIZER is in the phase of implementing the majority sale of the Chinese unit Schweizer Electronic (Jiangsu) Co., Ltd. has a significant influence on the forecast for 2023. The forecast assumes that the contract with the investor WUS Printed Circuit (Kunshan) Co., Ltd. will be closed in April 2023. Under this assumption, revenue growth of between +5% and +10% compared to the 2022 financial year and an EBITDA ratio of between +4% and +6% are expected. Due to the deconsolidation of the Chinese unit, the management expects to close the 2023 financial year with a Group equity ratio of between +25% and +30%. The audited figures as well as a comprehensive overview of the Group's development in the past financial year 2022 and a detailed forecast for the current financial year will be announced in the context of the publication of the annual report on 28 April 2023 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“).
Elisabeth Trik
12-Apr-2023 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: | 1606159 |
| End of Announcement | EQS News Service |
|
|
1606159 12-Apr-2023 CET/CEST
P R O D U C T S U G G E S T I O N S
The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.
The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.
If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.
For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.
1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.