SCHRAMBERG, GERMANY --  Schweizer reported first-half sales fell 3.3% year-over-year to 58 million euros ($64.8 million) on seasonality.

Orders reached a new high of 175.6 million euros. Orders at the PCB fabricator's Asian partners climbed 56% to 27.2 million euros, while orders at the Schramberg production site jumped 42% to 148.4 million euros.

EBITDA was down 200,000 euros to 4.6 million euros for the first six months of 2016.

The significant jump in orders reflects new customer ordering procedures, in particular in the automotive sector, which accounts for 77% of the company's sales volume. Germany remains the strongest market. Demand for power electronics technologies was up growth 31%, the company added.

In the first half the company invested 5.3 million euros at its Schramberg plant on heating and power and technology investments. 

Schweizer's financial situation remains stable, although the economic environment and growth forecasts are clouded by the potential exit of the UK from the European Union. While the Brexit is likely to affect the German and the European automotive industry, Schweizer' said, the company said reiterated its spring forecast of a 2% sales increase for 2016.

Ed.: 1 EUR = $1.12

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