Schweizer Electronic AG Reports Mixed Nine-Month Results for 2024

Schweizer Electronic AG experienced a 7.8% rise in sales during the first nine months of 2024, despite a challenging market environment. However, intensified competition in the PCB industry impacted profitability negatively, with an EBITDA of -1.0 million euros, compared to 8.2 million euros* last year.

The order backlog decreased to 221 million euros from 254.4 million euros the previous year, due to a volatile market and project-specific delays. Total sales reached 110.1 million euros, driven by a significant increase in products through their Asian network, as in-house production fell.

Automotive sales dominated at 80.6%, and trading sales rose by 38.8%. In contrast, sales in Germany dropped by 15.3%, while other European regions saw a 61% increase. The gross profit stood at 7.5 million euros, impacted by price pressures.

The board revised its forecast for 2024, anticipating sales at the lower range of 140 to 150 million euros and an EBITDA between 0 and 2 million euros.