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Schweiter Technologies AG (SWTQ.S)

SWTQ.S on Swiss Exchange

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Latest Key Developments (Source: Significant Developments)

Schweiter sells RhyTech site in Neuhausen
Thursday, 16 Nov 2017 11:33am EST 

Nov 16 (Reuters) - SCHWEITER TECHNOLOGIES AG ::SCHWEITER SELLS RHYTECH SITE IN NEUHAUSEN.  Full Article

Schweiter Technologies reports H1 net revenue of CHF 485.6 mln
Friday, 18 Aug 2017 12:00am EDT 

Aug 18 (Reuters) - Schweiter Technologies AG :Schweiter Technologies: growth in revenues and focus on core business 3A composites.Schweiter Technologies - temporary increase in raw material costs,one-off effects led to a lower operating profit in H1 in comparative terms.Schweiter Technologies - in H2, business is expected to continue to develop favourably, with operating result at least on a par with first half.H1 total net income CHF 129.5 million versus CHF 34.5 million last year.H1 net revenues CHF 485.6 million versus CHF 462.5 million in 2016.Selective adjustment of selling prices should have a positive impact on profitability in second half of year.  Full Article

Rieter buys SSM Textile Machinery division from Schweiter
Monday, 3 Jul 2017 12:53am EDT 

July 3 (Reuters) - RIETER HOLDING AG ::RIETER ACQUIRES THE SSM TEXTILE MACHINERY DIVISION FROM SCHWEITER <<>>.PURCHASE PRICE AMOUNTS TO CHF 124.2 MILLION, CONSISTING OF ENTERPRISE VALUE OF CHF 100.0 MILLION AND LIQUID FUNDS..IS FINANCING THE PURCHASE PRICE FROM EXISTING FUNDS.ACQUISITION WILL HAVE A POSITIVE IMPACT ON EARNINGS PER SHARE.THE BUSINESS WILL BE ATTACHED TO THE BUSINESS GROUP COMPONENTS AS AN INDEPENDENT UNIT.RIETER WILL CONTINUE TO OPERATE SSM IN ITS CURRENT FORM AND WITH THE EXISTING MANAGEMENT.  Full Article

Schweiter Technologies sells SSM Textile Machinery division to Rieter
Monday, 3 Jul 2017 12:45am EDT 

July 3 (Reuters) - SCHWEITER TECHNOLOGIES AG ::SCHWEITER TECHNOLOGIES SELLS SSM TEXTILE MACHINERY DIVISION TO RIETER <<>>.SELLING PRICE, INCLUDING CASH RESOURCES REMAINING WITHIN COMPANY, IS CHF 124.2 MILLION, AND ENTERPRISE VALUE (CASH FREE / DEBT FREE) IS CHF 100 MILLION.OVERALL TRANSACTION RESULTS IN A BOOK PROFIT OF APPROXIMATELY CHF 90 MILLION.  Full Article

Schweiter Technologies has entered into agreement to acquire Athlone Extrusions
Monday, 3 Jul 2017 12:00am EDT 

July 3 (Reuters) - Schweiter Technologies Ag :Schweiter Technologies AG says has entered into agreement to acquire Athlone Extrusions, Ireland, a manufacturer of coloured opaque multilayer plastic sheetin.Agreed enterprise value for Athlone Extrusions, (on a cash free/debt free basis) is 48 million euros.Transaction is expected to be completed by end of July 2017.  Full Article

Schweiter Technologies FY net income up 41 pct at CHF 70.6 million
Monday, 13 Mar 2017 01:00am EDT 

Schweiter Technologies AG : Double-digit growth in revenues and profit - sales exceed one billion Swiss francs for the first time . FY net revenues rose to 1,003.4 million Swiss francs ($995.8 million) (2015: 915.4 million Swiss francs), an increase of 10 pct (+8 pct in local currencies) . FY EBITDA rose 36 pct to 125.0 million francs (2015: 92.1 million francs) . FY EBIT was 48 pct higher at 97.2 million francs (2015: 65.9 million francs), while net income increased by 41 pct to 70.6 million francs (2015: 50.1 million francs) .An unchanged distribution of 40 francs per bearer share will be proposed at the Annual General Meeting on 25 April 2017.  Full Article

Schweiter Technologies H1 net revenues up 16 pct to CHF 501.3 mln
Thursday, 4 Aug 2016 12:40am EDT 

Schweiter Technologies AG : H1 net revenues up 16 percent to 501.3 million Swiss francs ($515.53 million), EBIT up 53 percent to 48.2 million francs, net profit up 85 percent to 34.5 million francs .Further improvement of results in second half is expected.  Full Article

Schweiter Technologies realigns SSM Textile Machinery
Tuesday, 17 May 2016 12:00pm EDT 

Schweiter Technologies AG : Realignment of SSM Textile Machinery . SSM Textile Machinery concentrates segment of texturing machines . At its site in Horgen, SSM will concentrate in future on development, production and commercialization of high-tech winding and sewing-thread machines . Texturing machines business will be transferred to existing site in Galbiate (Italy) .Planned measures will result in approximately 20 redundancies in Switzerland.  Full Article

BRIEF-Schweiter sells RhyTech site in Neuhausen

* SCHWEITER SELLS RHYTECH SITE IN NEUHAUSEN Source text for Eikon: Further company coverage: (Gdynia Newsroom)