Schweizer Electronic AG Reports Preliminary Financial Results for 2023

Schweizer Electronic AG has announced its preliminary group financial results for the fiscal year 2023. The company reported an increase in turnover to EUR 139.4 million, marking a 6.4 percent rise from the previous year. This growth was bolstered by a strong performance in the fourth quarter. The EBITDA reached EUR 47.4 million, significantly influenced by high income from the deconsolidation of Schweizer Electronic (Jiangsu) Co., Ltd., China. Excluding one-off effects of deconsolidation, the EBITDA stood at EUR 8.9 million.

Despite a slightly lower than forecasted EBITDA margin, Schweizer Electronic AG showed a substantial improvement in net gearing to 64.2% and an equity ratio of 24.3%, recovering from a negative rate in the previous year. Looking ahead, the company maintains a positive outlook for 2024 with projected sales ranging from EUR 140 to 150 million. This optimism is primarily driven by the launch of large-scale production in automotive hybrid drive systems embedding technology.

The audited financial report and a detailed forecast for the financial year 2024 will be provided in the annual report, set to be published on April 29, 2024. Schweizer Electronic AG continues to emphasize its commitment to innovation, particularly in PCB technologies for various high-demand applications.