SCHWEIZER pays dividend of Euro 0.47

(PresseBox) ( Schramberg, )
Shareholders present at Schweizer Electronic AG's annual shareholders' meeting on July 6, 2012 followed the proposal submitted by the Executive and Supervisory Boards and agreed to pay a dividend of 0.47 Euro per share for the fiscal year 2011, which corresponds to a dividend ratio of 35 % based on the unappropriated profit. Thus shareholders benefit from the positive course of the business year and a divi-dend payment which is 12 % higher compared to 2011. Based on the current share price of 11.85 Euro the dividend yield is about 4 %. Furthermore, SCHWEIZER will have employ-ees participate in the company's success and this way express their appreciation for the outstanding contribution. Hence, each staff member will receive 770 Euro on average.

Beyond the proposal for paying a dividend, the plenum, which gathered in Rottweil, agreed to all other proposals with a vast majority. Among these proposals was the election of Christoph Schweizer as a member of the Supervisory Board until the shareholders' meet-ing in 2014. 114 shareholders joined the meeting, who represented 86 % of the share capi-tal. Additionally, about 50 guests were present.

In their speeches Dr. Marc Schweizer, CEO, and Marc Bunz, CFO, reported on the second best year in the company's history. They summarized the positive results of the year 2011, sales of which was at 105.4 million Euro and thus stable compared to the previous year, and the most important parameters. SCHWEIZER was able to achieve net indebtedness below zero, an equity ratio of 59 %, an operative cash flow of 11.2 million Euro and a sig-nificant sales increase with innovative products from their modular technology kit.

During the shareholders' meeting, the Executive Board of Schweizer Electronic AG em-phasized that - despite economic uncertainties - the company looks optimistically towards the future. The Board based this attitude on the fact that SCHWEIZER concentrates on growth markets with a considerable social significance, such as energy efficiency and mo-bility. Thus, the company will increasingly focus on their divisions Electronic, Energy and Systems in future. The division Tracing, which is based on a cooperation with Siemens Austria, will no longer be pursued strategically.
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