Notice of Dividend Amount • Jul 8, 2014
Notice of Dividend Amount
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Corporate | 8 July 2014 12:52
Schweizer Electronic AG: SCHWEIZER increases dividend to 0.60 Euro
Schweizer Electronic AG / Key word(s): AGM/EGM/Dividend
08.07.2014 / 12:52
Schramberg, July 8, 2014 – Shareholders present at Schweizer Electronic AG’s 25 th Annual Shareholders’ Meeting on July 4, 2014 followed the proposal submitted by the Executive and Supervisory Boards and agreed to pay a dividend of 0.60 Euro per share for the fiscal year 2013. This corresponds to a dividend ratio of 44% after allocation to the profit reserves. Following a successful fiscal year 2013, this is the fourth dividend increase in succession. Furthermore, SCHWEIZER will have employees participate in the company’s success and this way express their appreciation for the outstanding contribution. This pay-out amounting to about 500,000 Euro exceeds last year’s payment by 4%.
Beyond the proposal for paying a dividend, the plenum, which gathered in Rottweil, agreed to all other proposals with a vast majority. With about 150 shareholders joining the meeting, 75.87 % of the share capital were represented. Additionally, about 40 guests were present.
In their speeches Dr. Marc Schweizer, CEO, and Marc Bunz, CFO, reported on a dynamic business year, which started with a weak global economy and slow customer demand with business progress being difficult to calculate. SCHWEIZER took advantage of this period by adjusting its portfolio towards products with increased added value. This significantly contributed to increasing profitability so that the company closed the fiscal year 2013 with earnings before interest and tax (EBIT) of 9.8 million Euro (previous year 5.2 million Euro). Revenues in 2013 increased to 101.2 million Euro, 42% of which were achieved by particularly innovative products compared to a share of 32% the year before. Equity ratio amounted to 58.8% (45.1 Mio EUR), the operative cash flow increased to 8.8 Mio EUR (previous year 7.2 Mio EUR).
The Shareholders’ Meeting unanimously approved the actions of the Managing Board and the Supervisory Board for the year 2013. Pursuant to schedule the four shareholders’ representatives Michael Kowalski, Christoph Schweizer, Kristina Schweizer and Christian Schmid were elected on the Supervisory Board.
About Schweizer:
Schweizer Electronic AG is a global best-in-class technology company, manufacturing premium PCBs, innovative solutions and services for automotive, solar, industry and aviation electronics. Based on recognised technology and consultancy competencies, SCHWEIZER’s products and systems address key challenges in the areas of Power Electronics, Embedding and System Cost Reduction and are characterised by energy and environmentally friendly features. Together with its partners Elekonta Marek GmbH & Co. KG, Meiko Electronics Co. Ltd. and WUS Printed Circuit., Ltd. the company offers through its electronics division cost and production optimised solutions for small, medium and large series and within this network employs more than 20,000 people in Germany, Japan, China and Vietnam.
With about 700 employees SCHWEIZER achieved sales of 101.2 million Euro in Fiscal Year 2013 (ending December). The company was founded in 1849, is managed by family members and listed at the Stuttgart and Frankfurt Stock Exchanges (ticker symbol “SCE”, “ISIN DE 000515623”).
For further information please contact
Christina Blake
Media & Communications
Schweizer Electronic AG
Einsteinstraße 10
78713 Schramberg
Phone: +49 7422 / 512-213
Fax: +49 7422 / 512-777-213
E-mail: [email protected]
Please visit our website: www.morethanPCBs.com
End of Corporate News
08.07.2014 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group AG.
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| Language: | English |
| Company: | Schweizer Electronic AG |
| Einsteinstraße 10 | |
| 78713 Schramberg | |
| Germany | |
| Phone: | 07422-512-301 |
| Fax: | 07422-512-397 |
| E-mail: | [email protected] |
| Internet: | www.schweizer.ag |
| ISIN: | DE0005156236 |
| WKN: | 515623 |
| Listed: | Regulierter Markt in Frankfurt (General Standard), Stuttgart; Freiverkehr in Berlin |
| End of News | DGAP News-Service |
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| 277131 08.07.2014 |
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