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Schweizer Electronic AG: Significant positive growth for 2021 confirmed

·3-min read

DGAP-News: Schweizer Electronic AG / Key word(s): AGM/EGM
25.06.2021 / 14:20
The issuer is solely responsible for the content of this announcement.


Schweizer Electronic AG: Significant positive growth for 2021 confirmed

- 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
In their speeches, CEO Nicolas Schweizer and CFO Marc Bunz looked back on a challenging 2020. In addition to the coronavirus-related economic downturn, the transformation within the largest customer segment "Automotive" and the implementation of a comprehensive cost reduction programme at the Schramberg site, SCHWEIZER was able to accomplish the start-up of the new high-tech plant in China.

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
The Annual General Meeting expressed its trust in both the members of the Executive Board and the Supervisory Board for the 2020 financial year. In addition, Dr Stefan Krauss newly elected to the Supervisory Board by the Annual General Meeting. The shareholders also agreed on all other agenda items by clear majority.

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.


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


25.06.2021 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:

1212247


 

End of News

DGAP News Service

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