Schweizer Electronic's sales exceed expectations

In the first quarter 2012 sales volume amounted to 28.4 million euro up from the previous year's total of 29.1 million euro. The company said the sales volume exceeded their expectations by 10 percent. Earnings before interest and tax (EBIT) accounted for 2.2 million euro (previous year 2.7 million euro). EBIT Margin was thus at 8 % (previous year 9 %). Sales mainly split up into three customer segments. With 65 % (previous year 55 %) the automotive segment achieved an outstanding share in total sales and therefore accounted for the biggest growth, followed by the Industry segment with 19 % (previous year 16 %). Due to shifts in markets and further increasing price pressure the Solar segment only had a share of 10 % (previous year 22 %).