DGAP-News: Schweizer Electronic AG / Key word(s): AGM/EGM
- Majority agreement by shareholders on all agenda items
- 71 percent of the registered share capital was represented
- Executive Board looks back on a challenging year and provides an outlook for the future
Schramberg, 25 June 2021 - This year's Annual General Meeting of Schweizer Electronic AG was once again held digitally today due to the coronavirus. In total, 71 percent of the registered share capital of Schweizer Electronic AG was represented.
Financial year 2020 / outlook
Chairman of the Executive Board Nicolas Schweizer looked to the future and underlined the Group's growth and globalisation strategy that has already been adopted. With more than 1,000 employees, two high-tech plants, a strong partner network and an innovative product portfolio, the Group is very well positioned for current and future topics, such as the change in mobility and the technological challenges to achieve climate goals.
Nicolas Schweizer also reported on the establishment of a new sales company in the USA and emphasised SCHWEIZER's increasingly global position as a basis for growth opportunities.
CFO Marc Bunz also reported in detail on the Group's development in the first quarter of 2021. In addition to a recovery of the order and sales situation to pre-crisis levels, the main points in the first quarter were the burden on the income situation due to the planned start-up losses of the new plant in China and the successful turnaround at the Schramberg site.
The Executive Board conveyed special thanks to those employees whose commitment and flexibility have contributed to the stability of the company.
Agreement on all agenda items
All voting results and further information on the Annual General Meeting are available on the Internet at. https://schweizer.ag/en/investors-media/annual-shareholders-meeting.
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").
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25.06.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
Schweizer Electronic AG
Regulated Market in Berlin, Dusseldorf, Frankfurt (General Standard), Stuttgart; Regulated Unofficial Market in Tradegate Exchange
EQS News ID:
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