Schweizer completes the sale of SEC shares to WUS
May 01, 2023The sale of the majority of Schweizer Electronic (Jiangsu) (SEC) to WUS Printed Circuit (Kunshan) has successfully been completed. At the same time, WUS increased its capital with SEC in order to refinance the company and to advance the capacities for the production of the chip embedding technology.
Following a lukewarm 2022, Schweizer expects a turnaround in 2023
April 13, 2023Based on preliminary – and unaudited – figures, the Schweizer Group achieved consolidated revenues of EUR 131.0 million for the 2022 financial year. This corresponds to an increase of 6.8% compared to the previous year and within the company's forecast of 5% to +10% growth.
Schweizer reduces stake in SEC to 30%
December 22, 2022Schweizer Electronic AG entered into an agreement to sell approximately 57% of the shares in Schweizer Electronic (Jiangsu) Co., Ltd. (SEC) to WUS Printed Circuit (Kunshan) Co., Ltd.
Sales increased by 10.5% for Schweizer
November 04, 2022Despite a challenging market environment, new orders rose by 18.7% in the first three quarters of 2022 compared to the volume of the same period the previous year and amounted to EUR 152.7 million.
Schweizer moves towards a new record year
January 11, 2022The fourth quarter of 2021 resulted in significant new orders for Schweizer Electronic AG of around EUR 47 million. This means that a record order in-take of EUR 175.2 million was achieved last year - more than twice as much as in the previous year and 20% above the record year of 2015.
Schweizer expands and opens unit across the Atlantic
November 15, 2021Germany's Schweizer Electronic AG, is furthering its global presence. Under the name Schweizer Electronic Americas, Inc. the PCB manufacturer has founded its own sales company in the USA, based in Wilmington, Delaware.
Schweizer's sales increased by 31% compared to 2020
November 09, 2021PCB manufacturer Schweizer says that new orders in the first three quarters of 2021 were significantly higher than in the same period last year and in the first three quarters of 2019. The high growth in sales continued in the third quarter of 2021 compared as compared to last year. The fourth quarter however, is expected to see a slowdown in the economy and therefore lower sales momentum.
Nicolas to continue to lead Schweizer
September 29, 2021The Supervisory Board of Schweizer Electronic AG decided that the company’s current CEO, Nicolas Schweizer, will continue to lead the company until end June 2027.
Schweizer's sales increased by 31% in 1H21
July 28, 2021According to preliminary figures, the Schweizer Group achieved consolidated sales of EUR 59.4 million in the first half of 2021, compared to the first half of 2020: EUR 45.4 million.
Schweizer achieves IATF certification at its Jintan, China plant
July 22, 2021A little over a year ago, production was launched at Schweizer's new high-tech plant in Jintan (China). Now, the company is celebrating another important milestone for the plant in China as it has achieved IATF 16949:2016 certification.
Schweizer confirms significant growth for 2021
June 28, 2021During its Annual General Meeting, Schweizer Electronic's CEO Nicolas Schweizer and CFO Marc Bunz looked back on a challenging 2020.
Sales up 6.9% in the first quarter for Schweizer
May 07, 2021Despite the effects of the Covid-19 pandemic the Schweizer Group was able to benefit from the global economic recovery.
Schweizer exceeds projected sales figures for 2020
April 26, 2021The Schweizer Group achieved consolidated sales of EUR 98.3 million in the 2020 financial year, exceeding the projected sales of between EUR 87 and 93 million.
Technosystems delivers automation systems to Schweizer
March 17, 2021PSC manufacturers are investing in the automation of their production facilities; especially now in these challenging Corona times.
Schweizer reaches another milestone at PCB plant in Jintan
November 19, 2020After the new Jintan plant (China) received its ISO 9001 certification at the beginning of the year, another important milestone for supplier qualification of the automotive market has been reached with the successful completion of the VDA 6.3 audit in Jintan.
The business situation has stabilised again for Schweizer
November 09, 2020The company says business development for the group stabilised again during the third quarter. The positive revenue momentum for this period came predominantly from the automotive sector.
Schweizer inks sales representative agreement with South Korea company
August 25, 2020The German PCB manufacturer and Varikorea Co., Ltd have entered into a sales representative agreement for South Korea. Under the agreement, Varikorea is entitled to promote Schweizer's high-tech printed circuit boards and embedding solutions in the territory. With this, the German company is now entering the Korean electronics market
Schweizer: decline in sales still within rather pessimistic expectation
July 29, 2020Due to the effects of the COVID-19 pandemic, preliminary figures show that Schweizer’s business performance in the first half of 2020 was significantly weaker than in the previous year.
Schweizer starts production at its new location in China
May 26, 2020Following a construction period of one and a half years, production has now started at the company’s new high-tech printed circuit board plant in Jiangsu, China.
Schweizer posts lukewarm results for 2019Load more news
April 21, 2020Schweizer Electronic AG confirms consolidated figures for 2019 and provides an outlook for 2020; revenues and EBITDA are in line with revised expectations