SCHRAMBERG, GERMANY – Schweizer Group reported fiscal 2019 revenue of €120.7 million, down 3.7% year-over-year.
The PCB fabricator said EBITDA for the year was €100,000, compared to €9.2 million in fiscal 2018.
In the first half of the fiscal year, Schweizer was hit with a slowdown in automotive demand, with a revenue decline of 5.7%.
Asian partners Wus and Meiko reported sales up 53% in fiscal 2019, while sales from the company’s parent plant in Schramberg were down 17.5%.
Final audited figures will be disclosed Apr. 21.