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Schweizer Electronic AG (SWEGn.DE)

SWEGn.DE on Xetra

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Latest Key Developments (Source: Significant Developments)

Schweizer Electronic Q1 EBIT increases to 1.5 mln euros
Friday, 5 May 2017 02:36am EDT 

May 5 (Reuters) - Schweizer Electronic AG ::Successful first quarter 2017 for schweizer.Q1 EBIT increased to 1.5 million euros ($1.65 million)(2016: 0.5 million euro), corresponding to an EBIT margin of 4.5 percent (2016: 1.8 percent).Q1 turnover increase of 14.9 percent to 32.4 million euro (2016: 28.2 million euro).Incoming orders rose by 8.2 percent to 31.7 million euro (2016: 29.3 million euro), order book amounted to 157.5 million euro at end of Q1 2017 (2016: 150.0 million euro).Based on our order book we continue to strive for a 2 to 4 percent turnover growth this year compared to 2016, which corresponds to a turnover of about 120 million euro.Expect our FY EBITDA to be on upper end of forecasted 8 to 9 percent EBITDA range.  Full Article

Schweizer Electronic sees 2017 EBITDA margin of 8-9 pct of total turnover
Friday, 28 Apr 2017 02:01am EDT 

April 28 (Reuters) - Schweizer Electronic AG ::Dividend stable at 0.65 euro.Expect a slightly better year end result in 2017, striving for an EBITDA margin of again 8 to 9 percent of total turnover.FY earnings after taxes 0.6 million euros versus 1.5 million euros ($1.63 million) year ago.  Full Article

Schweizer Electronic: strategic partner WUS increases stake in Schweizer
Thursday, 13 Apr 2017 08:34am EDT 

Schweizer Electronic AG : Strategic partner WUS increases stake into Schweizer . WUS Printed Circuit (Kunshan) Co., Ltd. acquired 15.24% and now holds 19.74% of Schweizer's shares, wus printed circuit co., ltd, Taiwan acquired 10.16 % .Equity stake was purchased from share pool of Gerhard Schweizer family line.  Full Article

Schweizer Electronic FY2016 EBIT at 1.8 mln euros
Friday, 7 Apr 2017 06:56am EDT 

Schweizer Electronic AG : In fiscal year 2016 turnover of Schweizer Group increased slightly to 116.1 million euros ($123.40 million)compared to 115.6 million euros in 2015 . FY GROUP EBITDA (earnings before interest, tax, depreciation and amortisation) according to IFRS of 9.5 million euro (2015: 11.4 million euro) . Expected annual group result decreased to 0.6 million euro (2015: 1.5 million euro) . To propose a dividend of 0.65 euro per share .FY EBIT amounted to 1.8 million euro (2015: 3.7 million).  Full Article

Schweizer Electronic: Removal from office of chairperson of management board
Wednesday, 1 Feb 2017 09:48am EST 

Schweizer Electronic AG : Supervisory board revoked appointment of dr Maren Schweizer as member and as chairperson of management board of Schweizer Electronic AG with immediate effect .Business units operations, sales & marketing, global supply chain and division systems for which dr Maren Schweizer was responsible will be managed by members of board nicolas-Fabian Schweizer and Marc Bunz until further notice.  Full Article

Schweizer Electronic announces temporary change in executive board
Friday, 7 Oct 2016 08:34am EDT 

Schweizer Electronic AG : Temporary change in executive board . Was informed today that due to health reasons, dr. Maren Schweizer, chief executive officer of Schweizer Electronic AG, will not be available for company until further notice .Business units which belong to areas of responsibility of Maren Schweizer and Nicolas Schweizer are being managed on an interim basis by Marc Bunz, member of schweizer's executive board.  Full Article

Schweizer Electronic H1 EBIT at 0.9 million euros
Wednesday, 10 Aug 2016 02:42am EDT 

Schweizer Electronic Ag : Again with record order income in the first half year 2016 - order book increased by 44 pct to 175.6 million euros ($195.67 million) . H1 EBITDA (earnings before interest, taxes, depreciation and amortisation) decreased by 0.2 million euros to 4.6 million euros . Confirms spring forecast of 2 pct turnover increase for total year 2016 . In the first half year 2016 so that order book achieved a new peak at 175.6 million euros .H1 EBIT (earnings before interest and taxes) amounted to 0.9 million euros (2015: 1.0 million euros).  Full Article

Schweizer Electronic AG to propose FY 2015 dividend
Friday, 29 Apr 2016 03:00am EDT 

Schweizer Electronic AG:FY 2015 dividend stable at 0.65 euros.FY 2016 revenue estimate 124.2 million euros - Thomson Reuters I/B/E/S.  Full Article

Schweizer Electronic comments on FY 2015 outlook
Friday, 30 Oct 2015 03:00am EDT 

Schweizer Electronic AG:Adjusts profit forecast to 8.0 million - 9.0 million euros for fiscal year 2015.Expects a turnover of 115 million euros for FY 2015, this is a 5 pct growth vs previous year.FY 2014 reported revenue 110.20 millon euros.  Full Article

Schweizer Electronic narrows FY 2015 sales guidance, comments on FY 2015 EBIT outlook
Friday, 7 Aug 2015 03:00am EDT 

Schweizer Electronic AG:Able to adjust sales forecast for 2015 from 3-7 pct so far to 5-7 pct now, which comes up to a sales expectation of 115 million - 118 million euros for fiscal year 2015.Sees FY 2015 EBIT before special effects between 9.2 million and 10.6 million euros.FY 2015 sales estimate 118.50 million euros - Thomson Reuters I/B/E/S.FY 2015 EBIT estimate 10.30 million euros - Thomson Reuters I/B/E/S.  Full Article

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BRIEF-Schweizer Electronic Q1 EBIT increases to 1.5 mln euros

* Q1 EBIT increased to 1.5 million euros ($1.65 million)(2016: 0.5 million euro), corresponding to an EBIT margin of 4.5 percent (2016: 1.8 percent)