DGAP-News: Schweizer Electronic AG / Key word(s): Quarterly / Interim Statement 
Schweizer Electronic AG: Business performance in the first quarter of 2021 
2021-05-07 / 08:00 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
Schweizer Electronic AG: Business performance in the first quarter of 2021 
- Incoming orders doubled compared to the same quarter of the previous year 
- Sales up 6.9 percent in the first quarter 
- EBITDA ratio increased moderately to -6.2 percent due to increased construction costs of the plant in China 
- Forecast for 2021 confirmed - management remains optimistic 
 
Schramberg, 7 May 2021 - Despite the effects of the Covid-19 pandemic the SCHWEIZER Group was able to benefit from the 
global economic recovery. 
Incoming orders in the first quarter of 2021 exceeded those of the same quarter in the previous year by +98 percent and 
amounted to EUR 44.2 million (Q1 2020: EUR 22.3 million). The economic recovery, which had already begun in October of 
the previous year, was also uninterrupted in the course of the first quarter. The order book amounted to EUR 125.7 
million at the end of the first quarter of 2021 (31/12/2020: EUR 109.2 million). 
Sales of the SCHWEIZER Group amounted to EUR 29.3 million in the first quarter of 2021 (Q1 2020: EUR 27.4 million). 
This corresponds to an increase of +6.9 percent compared to the same quarter in the previous year, which did not show 
any noticeable effects of the pandemic. Automotive customers generated sales of EUR 23.0 million (Q1 2020: EUR 19.1 
million), which corresponds to an increase of +20.3 percent compared to the same quarter in the previous year. As a 
result, the share of sales of the most important customer group (automotive) increased to 78.5 percent of sales in the 
first quarter (Q1 2020: 69.7 percent) and the share of sales of industrial customers amounted to 16.9 percent (Q1 2020: 
22.6 percent). 
Gross profit in the first quarter amounted to EUR -1.0 million (Q1 2020: EUR +2.0 million), which corresponds to a 
negative gross margin of -3.3% (Q1 2020: +7.3%). Compared to the same quarter in the previous year, the increased 
construction costs of the plant in China had a negative impact on the gross profit at EUR -3.3 million. The Group's 
gross profit excluding China amounted to EUR +2.9 million, which corresponds to an increase of EUR +2.0 million. The 
cost reduction measures implemented in the previous year and thus the reduced break-even threshold at the Schramberg 
site contributed significantly to this development. 
Earnings before interest, taxes, depreciation and amortisation (EBITDA) amounted to EUR -1.8 million (Q1 2020: EUR -1.6 
million), whereby the EBITDA ratio increased moderately to -6.2 percent (Q1 2020: -5.7 percent). Excluding China, the 
group achieved an EBITDA of EUR +2.1 million. This corresponds to an operating profit improvement of EUR +1.4 million, 
excluding special expenses of EUR 1.1 million, which weighed on earnings in the first quarter of the previous year. 
Forecast confirmed 
Management confirms the forecast made as part of the publication of the 2020 financial figures. As part of this 
expectation, a sales increase of between 20 and 30 percent compared to the previous year is forecast in 2021. This 
sales increase, which significantly exceeds the general market development, is mainly based on sales from the new plant 
in China. Furthermore, the Executive Board confirms the expectation for the EBITDA with a ratio of between 0 and -6 
percent. 
Marc Bunz, Chief Financial Officer of Schweizer Electronic AG, comments on the current market environment: "The 
scarcity of electronic components is limiting the sales growth of our customers and thus also the growth potential of 
our PCB revenues. In addition, bottlenecks are becoming apparent in PCB-specific supplier materials, such as laminates, 
and this is affecting availability and delivery times as well as prices. Prices have been increasing for many of the 
most important raw materials such as palladium, aluminium and glass fibre. We expect that this situation will not 
improve in the coming quarters, but rather that raw material prices will continue to rise. Despite the increasing 
pressure on sales and the margin situation, management is working intensively to minimise the negative influencing 
factors by implementing countermeasures in order to be able to achieve the forecast. A significant proportion of these 
measures is being taken by the plant in China, which is gradually improving its technological know-how and thus will be 
able to produce orders that promise a better profit margin." 
About SCHWEIZER 
Schweizer Electronic AG offers the latest, cutting-edge technology and consultancy expertise in the PCB industry. 
Thanks to its state-of-the-art production facilities in Schramberg, Germany and Jintan, China as well as close 
partnerships with other technology leaders, SCHWEIZER provides individual PCB & Embedding solutions. SCHWEIZER's 
innovative PCB technologies are used in the most demanding applications, for example, in the Automotive, Aviation, 
Industry & Medical and Communications & Computing sectors, and are characterised by their extremely high quality and 
energy-saving and environmentally-friendly features. 
The company was founded by Christoph Schweizer in 1849 and is listed at the Stuttgart and Frankfurt Stock Exchanges 
(ticker symbol "SCE", "ISIN DE 000515623"). 
For further information please contact: 
Elisabeth Trik 
Schweizer Electronic AG 
Einsteinstraße 10 
78713 Schramberg 
Phone: +49 7422 / 512-302 
E-mail: elisabeth.trik@schweizer.ag 
Please visit our website: www.schweizer.ag 
=---------------------------------------------------------------------------------------------------------------------- 
2021-05-07 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. 
The issuer is solely responsible for the content of this announcement. 
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
=---------------------------------------------------------------------------------------------------------------------- 
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 Berlin, Dusseldorf, Frankfurt (General Standard), Stuttgart; Regulated Unofficial 
              Market in Tradegate Exchange 
EQS News ID:  1193530 
 
End of News   DGAP News Service 
=------------

1193530 2021-05-07


 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1193530&application_name=news

(END) Dow Jones Newswires

May 07, 2021 02:01 ET (06:01 GMT)