Notice of Dividend Amount • Jul 9, 2013
Notice of Dividend Amount
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Corporate | 9 July 2013 12:55
Schweizer Electronic AG: SCHWEIZER increases dividend by 17 %
Schweizer Electronic AG / Key word(s): AGM/EGM/Dividend
09.07.2013 / 12:55
Schramberg, July 9, 2013 – Shareholders present at Schweizer Electronic AG’s annual shareholders’ meeting on July 5, 2013 followed the proposal submitted by the Executive and Supervisory Boards and agreed to pay a dividend of 0.55 Euro per share for the fiscal year 2012. This corresponds to a dividend ratio of 52 % based on the balance sheet profit. Thus shareholders benefit from the positive course of the business year and a dividend payment increased by 17 % compared to the previous year. Furthermore, SCHWEIZER will have employees participate in the company’s success and this way express their appreciation for the outstanding contribution. This payout, amounting to about 480,000 Euro, exceeds last year’s payment by 9 %.
Beyond the proposal for paying a dividend, the plenum, which gathered in Rottweil, agreed to all other proposals with a vast majority. As about 100 shareholders joined the meeting, 83 % of the share capital was represented. Additionally, about 70 guests were present.
In their speeches Dr. Marc Schweizer, CEO, and Marc Bunz, CFO, reported on a challenging, however, with regards to the advancement of Schweizer Electronic AG, a successful fiscal year. SCHWEIZER was able to achieve net indebtedness around zero, an equity ratio of 57.1 %, an operative cash flow of 7.2 million Euro and a significant sales increase with innovative products for the segment automotive.
During the shareholders’ meeting, the Chief Executive Officer underlined that the company – despite continued pressure from competition and uncertain economic climate – looks optimistically ahead. The reasoning behind is that SCHWEIZER expands its business in the growing regions. Furthermore, the company focusses on products and solutions that contribute to exploiting energy in a more efficient way and using savings potentials in consumption of fuel and energy as well as emissions. Challenges arising in the areas of mobility and energy efficiency will continue to be core of the divisions Electronic, Energy and Systems.
About Schweizer:
Schweizer Electronic AG is a global best-in-class technology company, manufacturing premium PCBs, innovative solutions and services for automotive, solar and industry electronics. Based on recognized technology and consultancy competencies, SCHWEIZER’s products and systems address central challenges in the areas of Power Electronics, Embedding and System Cost Reduction and are characterized by energy and environmentally friendly features. Together with its partners Contag GmbH and Meiko Electronics Co. Ltd., the company offers in its division PCB cost and production optimised solutions for small, medium and large series and within this network employs more than 13,000 people in Germany, Japan, China and Vietnam.
With about 700 employees SCHWEIZER achieved sales of 100.2 million Euro in Fiscal Year 2012 (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
Susanne Schorn
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
09.07.2013 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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| 220396 09.07.2013 |
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