As part of the completion of the majority transfer of the Chinese subsidiary of Schweizer AG, Schweizer Electronic China (SEC), to WUS Printed Circuit (Kunshan), the economic transfer of the majority shareholding in SEC to WUS took place from May 1, 2023. After accounting for the majority transfer, the deconsolidation resulted in income of € 46.9 million for the Schweizer Group.
According to preliminary figures, the Group generated sales of € 68.7 million in the first half of 2023, which corresponds to sales growth of 6.4% compared to the same period of the previous year. Adjusted for the deconsolidation income and fully consolidated losses of the Chinese subsidiary, preliminary EBITDA amounted to € 5.7 million, which corresponds to an EBITDA ratio of 8.3%. Due to the complexity of the deconsolidation and the uncertainties that cannot be completely ruled out, the amount of the deconsolidation effect could still change during the audit of the consolidated financial statements.
Due to the positive development of the operating result in the first half of the year, the Management Board is raising its forecast for the adjusted EBITDA ratio to between 6% and 9%. Against the backdrop of increased uncertainty regarding economic development in the second half of the year, the sales forecast for the current financial year has been adjusted. The Management Board expects sales growth in the range of 0% to +5% (previously: +5% to +10%).
