Investegate announcements from Schweizer Electronic AG, Significant incoming orders lead to full order books - Strategic partner invests in Schweizer China
PRESS RELEASE : Schweizer Electronic AG: Business performance in the first quarter of 2021 marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.
DGAP-News: Schweizer Electronic AG / Key word(s): Quarterly / Interim Statement
Schweizer Electronic AG: Business performance in the first quarter of 2021
07.05.2021 / 08:00
Schweizer Electronic AG: Business performance in the first quarter of 2021
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- Sales up 6.9 percent in the first quarter
- EBITDA ratio increased moderately to -6.2 percent due to increased construction costs of the plant in China
- Forecast for 2021 confirmed - management remains optimistic
Schramberg, 7 May 2021 - Despite the effects of the Covid-19 pandemic the SCHWEIZER Group was able to benefit from the global economic recovery.
Incoming orders in the first quarter of 2021 exceeded those of the same quarter in the previous year by +98 percent and amounted to EUR 44.2 million (Q1 2020: EUR 22.3 million). The economic recovery, which had already begun in October of the previous year, was also uninterrupted in the course of the first quarter. The
Investegate |Schweizer Electronic AG Announcements | Schweizer Electronic AG: Schweizer Electronic AG confirms consolidated figures for the 2020 financial year and outlook for 2021 investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.