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Schweiter Technologies AG (0QR1.L)

LSE - LSE Delayed price. Currency in CHF
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718.99+2.99 (+0.42%)
At close: 05:21PM BST

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  • L
    Schweiter Tech just bought a year ago the biggest European Acrylic Glass (Flex glass) producer – Perspex International from the UK.

    This bumped its revenue 14% up during 2019, as compared to the yearly revenue of 2018

    “Schweiter Technologies successfully closed out the 2019 business year with a double-digit increase in both sales revenues and earnings amid challenging market conditions. Driven by the acquisition of the Perspex companies at the end of 2018, net sales revenues rose to CHF 1,179.6 million (prior year: CHF 1,047.4 million), an increase of 13% (15% in local currencies). Adjusted for acquisitions and currency effects, organic sales growth came to 1%.”

    The Acrylic glass is going to be one of the solutions and the winners of the Coronavirus pandemic – It is already being used to separate people in restaurants/ Planes/ Office space/ cashier points, etc. and allow people to be at close proximity while reducing the spread of the virus.

    Perspex already announced a 300% production increase for this purpose.

    I recently bought SWTQ in anticipation for a big jump of their revenue and profit.
  • H
    i suggest the targets are to low.
    The Year 2020 was succesfull regardless Covid.
    bought some shares last week.
    ist not a rocket, but a marathon :-)