SCHRAMBERG, GERMANY – Shareholders in Schweizer Electronic have voted to forego distribution of dividends for the company’s fiscal 2019 in order to continue expansion investments.
Following a proposal of the printed circuit board fabricator’s board, shareholders agreed to leave the balance sheet profit in the company.
In doing so, the shareholders are supporting the course taken by management to continue investing in the company's growth despite the current crisis. The growth strategy presented by the board is based on a global positioning of the company and the diversification of the customer base and the product portfolio with the start of production in China.
Around 2.6 million shares were represented in the vote, corresponding to about 70% of the share capital.