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© Schweizer electronic PCB | November 11, 2011

Schweizer Electronic confirms decrease in Q3 sales

Schweizer Electronic AG today announced financial figures for Q3 2011, indicating a decline in sales and number of temporary staff.

The company achieved Q3 sales revenues of 25.6 Eur million down from 28.1 Eur million in the previous year. Sales of the first three quarters 2011 were however up 6.2% YoY at 83.7 Eur million. Despite higher sales in comparison to the first nine months 2010 Schweizer did not achieve their sales target, the company said. In the third quarter the company achieved an EBIT of 2.6 Eur million (previous year 4.1). EBIT for the first nine months in 2011 was 8.3 (previous year before special effects 9.9) Eur million. Schweizer attributed the decline to increasing costs of material and have lowered the number of temporary staff according to current requirements, the company said in a statement.
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August 21 2019 3:49 pm V14.1.4-1