SCHRAMBERG, GERMANY – Schweizer Electronic reported record sales of EUR139.4 million ($150.9 million) in 2023, representing growth of 6.4%.

Schweizer sold its Chinese unit, Schweizer Electronic (Jiangsu), to Wus Printed Circuit during the first half of the year, and that, plus an operational turnaround in business results led to an EBITDA of EUR47.4 million ($51.3 million), the company said.

The company expects sales in a range of EUR140 to EUR150 million ($151.6 million to $162.5 million) for 2024, driven by the start of large-scale production of the embedding technology for applications in automotive hybrid drive systems.

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