Schweizer Electronic AG Lowers 2024 Financial Forecast

Schweizer Electronic AG has revised its financial forecast for 2024 due to current economic challenges. The company now anticipates its revenue to fall at the lower end of the 140 to 150 million EUR range, following a 7.8 percent growth in the first nine months of the year.

The economic climate has led to underutilization among PCB manufacturers in Europe and Asia, resulting in increased price pressure on PCB products. Cost adjustments at Schweizer's Schramberg plant have faced delays due to retained costs, impacting expected savings.

Consequently, EBITDA is now projected to be between EUR 0 and 2 million, down from the previous EUR 2 to 5 million forecast. Furthermore, the equity ratio is expected to be between 15 and 20 percent, reduced from the earlier 20 to 25 percent forecast. The Executive Board plans to continue improving earnings to address these challenges.