Brief: Schweizer Electronic Q1 turnover down at 28.2 million euros
29/04/2016 08:00
April 29 (Reuters) - Schweizer Electronic AG SWEGn.DE :
* Dividend stable at 0.65 euros
* Record order book of 149.1 million euros in 2015 increases
further to 150.0 million euros ($171.14 million) in Q1/2016
* Closed accounts in 2015 with record sales of 115.6 million
euros (2014: 110.2 million euros)
* Q1 turnover amounted to 28.2 million euros against 30.9
million euros at end of Q1/2015
* Expects to grow further in 2016
* Q1 EBIT amounted to 0.5 million euros (EBIT margin 1.8
pct)
* FY EBITDA 11.4 million euros against 11.2 million euros
year before
* Due to slow printed circuit board market and growing
economic insecurity, growth will rather be on a level of 2 pct
* FY EBIT (earnings before interest and taxes) inreased to
3.7 million euros (2014: 3.0 million euros)
* Company expects EBITDA margin to increase to 10 pct or
slightly more in 2016
Source text for Eikon: ID:nEQ6tTHJXa
Further company coverage: SWEGn.DE
($1 = 0.8765 euros)
(Gdynia Newsroom)
((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;))