Schweizer Electronic AG / Key word(s): Preliminary Results
01.04.2016 18:00
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Schramberg, April 1st, 2016 - In order to represent the significance of the
Asian business more adequately in its financial reporting, SCHWEIZER for
the first time has established a consolidated financial statement according
to IFRS Standards for the fiscal year 2015.
On the balance sheet, the adoption of IFRS Standards leads to the
disclosure of hidden reserves in tangible assets. While balance sheet
assets of the individual financial statement amount to 87.7 million euro,
balance sheet assets of the consolidated financial statement according to
IFRS come up to 119.1 million euro. The increase in assets is reflected by
a higher IFRS consolidated equity of 67.5 million euro compared to an
equity of 51.5 million euro in the individual financial statement. The IFRS
consolidated equity ratio amounts to 56.6% (individual financial statement
58.7%).
The higher value of tangible assets according to IFRS translates into
higher yearly depreciations of 3.8 million euro in the income statement.
Particularly due to this effect, the consolidated EBIT before special
effects amounted to 5.9 million euro. One-time restructuring expenses of
1.1 million euro and negative exchange rate effects between the euro and
the US dollar amounting to a total of 1.0 million euro burdened the
result. The EBIT after special effects amounted to 3.8 million euro. Profit
after tax is anticipated to be 1.5 million euro (individual financial
statement 5.5 million euro).
SCHWEIZER continues to expect a strong business with its automotive
solutions to reduce CO2-emissions as well as with its solutions for high
frequency applications, which form the precondition for autonomous driving.
Thanks to these product solutions, the order book climbed to a record level
of 149.1 million euro by the end of the year 2015 order, which is an
increase of 25% according to the previous year.
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Information and Explanation of the Issuer to this News:
About Schweizer:
Schweizer Electronic AG stands for state-of-the-art technology and
consultancy competence. SCHWEIZER's premium printed circuit boards and
innovative solutions and services for automotive, solar, industry and
aviation electronics address key challenges in the areas of Power
Electronics, Embedding and System Cost Reduction. Its products are
distinguished for their superior quality and their energy-saving and
environmentally-friendly features. Together with its partners Elekonta
Marek GmbH & Co. KG, Meiko Electronics Co. Ltd. and WUS Printed Circuit
Co., Ltd., the company offers in its division electronics cost- and
production-optimised solutions for small, medium and large series. Together
with its partner Infineon Technologies AG, SCHWEIZER plans to jointly tap
the chip embedding market in future.
With about 760 employees SCHWEIZER achieved sales of 115.5 million euro in
Fiscal Year 2015 (ending December). The company was founded in 1849, is
managed by family members and listed at the Stuttgart and Frankfurt Stock
Exchanges (ticker symbol 'SCE', 'ISIN DE 000515623').
Elisabeth Trik
Schweizer Electronic AG
Einsteinstraße 10
78713 Schramberg
Phone: +49 7422 / 512 302
Fax: +49 7422 / 512 777 302
E-mail: ir@schweizer.ag
Please visit our website: www.morethanPCBs.com
01.04.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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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 Frankfurt (General Standard), Stuttgart;
Regulated Unofficial Market in Berlin
End of Announcement DGAP News-Service
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DGAP-Adhoc: Schweizer Electronic AG: Preliminary, unaudited group figures according to IFRS for Fiscal Year 2015
| Source: EQS Group AG