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Schweizer Electronic AG: Significant incoming orders lead to full order books - Strategic partner invests in Schweizer China

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DGAP-News: Schweizer Electronic AG / Key word(s): Miscellaneous
10.01.2022 / 16:00
The issuer is solely responsible for the content of this announcement.


Schweizer Electronic AG:

- Significant incoming orders lead to full order books

- Chip embedding technology starts high volume production

- Strategic partner invests in Schweizer China

Schramberg, January 10, 2022 - The fourth quarter of 2021 resulted in significant new orders for SCHWEIZER of around EUR 47 million. This means that a record order intake of EUR 175.2 million was achieved last year - more than twice as much as in the previous year and 20 percent above the record year of 2015.

This can be attributed in particular to the technological and now global setup of the company, so that the record order intake was achieved despite the global shortage of components.

Particularly noteworthy are orders in the double-digit millions for our chip embedding technology p² Pack. This disruptive technology supports the efficiency of hybrid 48-volt drives in automobiles and also enables a reduction in semiconductor need with higher performance at the same time. This is a decisive competitive advantage, especially in the view of the high global demand for semiconductors.

The negotiations with the strategic investor WUS Printed Circuits (Kunshan) for a direct investment in Schweizer Electronic China were successfully concluded at the beginning of January, a few days after our expected date. The transaction takes place through a 12.8 percent capital increase at the Chinese subsidiary. The inflow of funds from the capital increase will amount to CNY 75 million (around EUR 10.5 million) and is subject to the approval of an extraordinary shareholders' meeting of the investor, which is expected to take place on January 27, 2022. Discussions with another investor are ongoing. We will inform you about the progress in a timely manner.

The combination of the high order intake and a strengthening of the equity base will make it possible to finance the high growth-related working capital. With this, SCHWEIZER is heading strengthened into the year 2022.

We will communicate the provisional figures for the 2021 consolidated financial statements as soon as we finish our annual financial statements.


About SCHWEIZER
Schweizer Electronic AG offers the latest, cutting-edge technology and consultancy expertise in the PCB industry. Thanks to its state-of-the-art production facilities in Schramberg, Germany and Jintan, China as well as close partnerships with other technology leaders, SCHWEIZER provides individual PCB & Embedding solutions. SCHWEIZER's innovative PCB technologies are used in the most demanding applications, for example, in the Automotive, Aviation, Industry & Medical and Communications & Computing sectors, and are characterised by their extremely high quality and energy-saving and environmentally-friendly features.

The company was founded by Christoph Schweizer in 1849 and is listed at the Stuttgart and Frankfurt Stock Exchanges (ticker symbol "SCE", "ISIN DE 000515623").

For further information please contact:

Elisabeth Trik
Schweizer Electronic AG
Einsteinstraße 10
78713 Schramberg
Phone: +49 7422 / 512-302
E-mail: elisabeth.trik@schweizer.ag
Please visit our website: www.schweizer.ag


10.01.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

Schweizer Electronic AG

Einsteinstraße 10

78713 Schramberg

Germany

Phone:

07422-512-301

Fax:

07422-512-397

E-mail:

ir@schweizer.ag

Internet:

www.schweizer.ag

ISIN:

DE0005156236

WKN:

515623

Listed:

Regulated Market in Berlin, Dusseldorf, Frankfurt (General Standard), Stuttgart; Regulated Unofficial Market in Tradegate Exchange

EQS News ID:

1266795


 

End of News

DGAP News Service

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