With sales of € 139.4 million, the Swiss Group's preliminary annual financial statements are a record in the company's history. With 6.4% growth compared to the previous year, it exceeds expectations.
The PCB manufacturer headquartered in Schramberg carried out a deconsolidation as required by the German Commercial Code (HGB) after the Chinese Schweizer Electronic (Jiangsu) Co, Ltd. was sold to WUS Printed Circuit (Kunshan) Co, Ltd, China, in spring 2023. A strong Q4 2023 also contributed to these figures. The pending confirmation of the 2023 results is a formality - the audited annual report will be publicly available from the end of April.
The deconsolidation and the operational turnaround of the business results resulted in EBITDA of € 47.4 million - the forecast of around € 50 million was therefore narrowly achieved and the high gains from the sale of the majority stake in the Chinese unit were confirmed. Without these special effects, EBITDA would have been € 8.9 million (6.4% of sales - slightly below the forecast of 7 to 9%). Schweizer was able to significantly improve its net gearing ratio to 64.2% and its equity ratio to 24.3% (previous year -5.5%) as a result of the sale.
The Group also expects growth in 2024 - turnover of € 140 to 150 million
The Group also expects growth in 2024 - sales of € 140 to 150 million, which would correspond to growth of up to 10%. The most important driver for this is the start of large-scale production of embedded applications in the automotive hybrid drive, which is currently developing very promisingly
