Schweizer Electronic AG

Schweizer Electronic AG is a Germany-based manufacturer of printed circuit boards (PCBs). It operates through two segments: Electronic and Systems. The Electronic segment focuses on the development, production and sale of PCBs. The Systems segment offers technologies for integrating active and passive components into a PCB. Its product portfolio comprises heavy copper boards, inlay boards, power combi boards, insulated metal substrates (IMS) boards and cool boards, as well as embedding systems, such as i2 Board for embedding logic semiconductors, p2 Pack to integrate semiconductors with a vertical current flow, Cavity Board, which allows low-lying connecting areas to be assembled and u2 Pack for small and thin multi-chip semiconductor packages.

Full List of Officers

Michael Kowalski
Chairman of the Supervisory Board
Start date: 2002-1-1

Stephan Zizala
Vice Chairman of the Supervisory Board
Start date: 2017-7-7

Nicolas-Fabian Schweizer
Deputy Chairman of the Management Board, Chief Technology Officer
Start date: 2011-4-1

Marc Bunz
Chief Financial Officer, Member of the Management Board
Start date: 2010-4-1

Carsten Brudlo
Member of the Supervisory Board, Employee Representative

Siegbert Maier
Member of the Supervisory Board, Employee Representative

Karin Sonnenmoser
Member of the Supervisory Board

Chris Wu
Member of the Supervisory Board

Date of incorporation
Country of incorporation DEU
Phone +49 7422 5120
Fax +49 7422 512399
Investor relations contact

+49 7422 512302

Free float 1203847
Security description Common Stock
Main venue XETRA
Ticker at main venue SCE
Location

Einsteinstrasse 10
78713 SCHRAMBERG

Share price
/
 
Earnings per share
=
61.3
(
 
Share price
x
 
Shares
+
 
Net debt
) /
 
EBIT
=
INF
Price
x
 
Shares
/
 
Net Sales
=
0.76
(
 
Share price
x
 
Shares
+
 
Net debt
) /
 
Net sales
=
0.87
Price
x
 
Shares
/
 
Own capital
=
0.26
Earnings per share
x
 
Shares
/
 
Own capital
=
0%
Dividend per share
/
 
Price
=
-0.01%
2016 2015 2014 2013 2012
Income statement
Revenue 116.08 115.55 110.24 101.21 100.18
Other Revenue, Total
Total Revenue 116.08 115.55 110.24 101.21 100.18
Revenue Change 0.5% 4.8% 8.9% 1%
Cost of Revenue, Total 98.55 95.27 91.05 78.16 47.44
Gross Profit 17.53 20.28 19.19 23.05 52.74
Selling/General/Admin. Expenses, Total 17.46 17.27 17.76 14.89 33.82
EBITDA 5.55 3.24 9.34 7.20
EBITDA margin (%) 4.8% 2.9% 9.2% 7.2%
Research & Development
Depreciation/Amortization 0.59 0.58 4.82
Interest Exp.(Inc.),Net-Operating, Total
Unusual Expense (Income) 0.12 0.86 0.13 2.80
Other Operating Expenses, Total -1.65 -2.66 -2.67 -1.31 8.92
Total Operating Expense 114.26 111.98 108.14 92.47 97.79
Operating Income 1.82 3.57 2.10 8.74 2.39
EBIT margin (%) 4.3% 2.4% 2.4%
Interest Inc.(Exp.),Net-Non-Op., Total
Gain (Loss) on Sale of Assets
Other, Net 0.21
Net Income Before Taxes 1.07 2.76 1.11 8.74 1.63
Provision for Income Taxes 0.45 1.27 1.00 2.60 0.93
Net Income After Taxes 0.62 1.49 0.12 6.13 0.69
Minority Interest 0.00 -0.04
Equity In Affiliates
U.S. GAAP Adjustment
Net Income Before Extra. Items 0.62 1.45 0.12 6.13 0.69
Total Extraordinary Items
Net Income 0.62 1.45 0.12 6.13 0.69
Total Adjustments to Net Income
Income Available to Com Excl ExtraOrd 0.62 1.45 0.12 6.13 0.69
Income Available to Com Incl ExtraOrd 0.62 1.45 0.12 6.13 0.69
Dilution Adjustment
Diluted Net Income 0.62 1.45 0.12 6.13 0.69
Diluted Weighted Average Shares 3.76 3.75 3.72 3.78 3.86
Diluted EPS Excluding ExtraOrd Items 0.16 0.39 0.03 1.62 0.18
DPS - Common Stock Primary Issue 0.65 0.65 0.65 0.60 0.55
Diluted Normalized EPS 0.16 0.40 0.18 1.65 0.49
Balance sheet
Cash 8.51 9.63 7.13
Cash & Equivalents 1.00 3.70 3.70 9.92 11.58
Short Term Investments 3.26 0.34 0.33 0.23
Cash and Short Term Investments 12.77 13.67 11.15 10.15 11.58
Accounts Receivable - Trade, Net 14.33 18.76 15.22 15.53 12.87
Total Receivables, Net 18.74 22.95 15.89 15.58 12.90
Total Inventory 16.24 15.49 15.62 14.75 9.90
Prepaid Expenses 0.14
Other Current Assets, Total 1.43 0.44
Total Current Assets 49.19 52.11 42.66 40.48 34.95
Property/Plant/Equipment, Total - Gross 188.88 180.99 181.42 174.73
Accumulated Depreciation, Total -125.21 -118.79 -112.74 -145.38
Property/Plant/Equipment, Total - Net 63.67 62.20 68.68 71.32 29.35
Goodwill, Net
Intangibles, Net 0.93 1.17 1.17 1.48 0.91
Long Term Investments 3.63 3.57 4.39 4.04 6.26
Note Receivable - Long Term 0.00 0.04 0.09 0.13
Other Long Term Assets, Total 0.27 0.27 0.25 0.04 0.18
Total Assets 117.68 119.35 117.23 117.48 71.66
Accounts Payable 7.36 16.11 12.46 12.89 3.49
Payable/Accrued
Accrued Expenses 0.88 0.84 0.95 1.73 1.44
Notes Payable/Short Term Debt 0.00 0.00 0.00 0.00 0.00
Current Port. of LT Debt/Capital Leases 1.35 1.18 1.64 1.83 0.60
Other Current liabilities, Total 9.36 0.31 0.00 0.02 1.76
Total Current Liabilities 18.94 18.43 15.05 16.47 7.28
Long Term Debt 8.52 8.74 6.92 5.56 9.15
Capital Lease Obligations
Total Long Term Debt 8.52 8.74 6.92 5.56 9.15
Total Debt 9.86 9.92 8.56 7.39 9.75
Deferred Income Tax 4.22 5.74 6.87 9.01 0.27
Minority Interest 0.61 1.43 2.36 0.65
Other Liabilities, Total 21.17 19.06 20.00 16.95 14.03
Total Liabilities 53.45 53.41 51.19 48.63 30.73
Redeemable Preferred Stock, Total
Preferred Stock - Non Redeemable, Net
Common Stock, Total 9.66 9.66 9.66 9.66 9.66
Additional Paid-In Capital
Retained Earnings (Accumulated Deficit) 53.47 54.54 55.42 59.33 31.28
Treasury Stock - Common -0.05 -0.07 -0.10 -0.15 -0.02
ESOP Debt Guarantee
Unrealized Gain (Loss)
Other Equity, Total 1.15 1.80 1.06
Total Equity 64.24 65.94 66.04 68.85 40.92
Total Liabilities & Shareholders Equity 117.68 119.35 117.23 117.48 71.66
Total Common Shares Outstanding 3.78 3.78 3.78 3.78 3.77
Total Preferred Shares Outstanding
Tangible Book Value per Share, Common Eq 16.75 17.15 17.17 17.84 10.61
Cashflow
Net Income/Starting Line 1.07 2.76 1.11 6.13 0.70
Depreciation/Depletion 7.27 7.22 7.86 4.43 4.82
Amortization 0.42 0.39 0.37
Deferred Taxes
Non-Cash Items 2.08 0.73 2.04 2.48 0.46
Changes in Working Capital -4.33 -6.21 -5.45 -4.22 1.27
Cash from Operating Activities 6.50 4.89 5.93 8.82 7.25
Capital Expenditure -7.32 -4.22 -5.13 -2.64 -3.11
Other Investing Cash Flow Items, Total 0.95 4.41 -0.75 -4.24 -4.38
Cash from Investing Activities -6.37 0.19 -5.88 -6.88 -7.49
Financing Cash Flow Items
Total Cash Dividends Paid -2.44 -2.44 -2.23 -2.08 -1.77
Issuance (Retirement) of Stock, Net 0.00 -0.90 1.94 -0.08 -0.14
Issuance (Retirement) of Debt, Net -1.53 0.68 1.09 -2.37 3.58
Cash from Financing Activities -3.98 -2.66 0.80 -4.52 1.67
Foreign Exchange Effects 0.02 0.09 0.05
Net Change in Cash -3.82 2.51 0.91 -2.58 1.42
Cash Interest Paid 0.30 0.39 0.41
Cash Taxes Paid 3.24 2.75 3.61
Values are in EUR and expressed in million