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Schweizer Electronic Reports 6% Sales Growth

Published: 31 July 2023
 by Tyler Hanes

SCHRAMBERG, GERMANY – Schweizer Electronic reported sales of €68.7 million ($75.6 million) in the first half of the year, a 6.4% increase from the first half of 2022.

During the first half of the year, the company also transferred a majority interest in Schweizer Electronic (Jiangsu), based in Jintan, China, to Wus Printed Circuit. As a result of the deconsolidation, Schweizer received €46.9 million ($51.6 million) in income.

In view of the increased uncertainties regarding the economic development in the second half of the year, the company adjusted its sales forecast for the full year, projecting growth in the range of 0-5% (previously 5-10%.)

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