Schweizer Electronic AG: Preliminary unaudited group figures for Fiscal Year 2016(PresseBox) (Schramberg, )
Preliminary, unaudited figures reveal a group EBITDA (Earnings before Interest, Tax, Depreciation and Amortisation) according to IFRS of 9.5 million euro (2015: 11.4 million euro). This corresponds to an EBITDA ratio of 8.2%, which is below the envisaged range of between 9 to 10%. The expected group EBIT amounted to 1.8 million euro (2015: 3.7 million), corresponding to a ratio of 1.6% (2015: 3.2%). The result was burdened by substantial product ramp-ups, showing a lower rate of return in the ramp-up phase, by disproportionally increasing personal cost as well as by a comprehensive investment programme totalling 8.8 million euro for new production technologies. The expected annual group result decreased to 0.6 million euro (2015: 1.5 million euro).
Based on the expected annual result of the mother company Schweizer Electronic AG according to HGB standards, SCHWEIZER’s Executive Board recommends to the Supervisory Board to propose a dividend of 0.65 euro per share on occasion of the forth-coming Annual General Meeting on July 7, 2017.
Final, audited figures for the business year 2016 will be disclosed on April 28, 2017.