Brief: Schweiter Technologies Says CEO Heinz Baumgartner To Step Down In Spring 2022

Schweiter Technologies AG

05/03/2021 05:09

March 5 (Reuters) - Schweiter Technologies AG  SWTQ.S :
    * FIGURES FOR 2020 - SUBSTANTIAL JUMP IN PROFITABILITY AND A
RECORD-HIGH RESULT
    * FY SALES FELL 2 PCT TO 1.16 BLN CHF
    * FY NET PROFIT 103.5 MLN CHF VS 60 MLN CHF YR AGO
    * SCHWEITER TECHNOLOGIES AG - 2020 GROUP EBITDA IMPROVED BY
A
STAGGERING +43% COMPARED WITH PREVIOUS YEAR REACHING A NEW
RECORD HIGH OF CHF 175.7 MLN
    * KPMG IS TO REPLACE DELOITTE, WHICH HAS SERVED AS AUDITOR
OF
SCHWEITER TECHNOLOGIES LTD 
    * HEINZ BAUMGARTNER, WHO WAS CEO OF CO FOR MANY YEARS, WILL
STAND
DOWN FROM POST OF CEO AT HIS OWN REQUEST IN SPRING 2022 
    * SEARCH FOR A CEO SUCCESSOR HAS BEGUN 

Source text for Eikon:  ID:nGNE8R8r3B 
Further company coverage:  SWTQ.S 

 ((Reuters.Briefs@thomsonreuters.com;))