EQS-Adhoc

Schweizer Electronic AG: Preliminary Group figures for the 2023 financial year

EQS-Ad-hoc: Schweizer Electronic AG / Key word(s): Preliminary Results/Annual Results Schweizer Electronic AG: Preliminary Group figures for the 2023 financial year 26-March-2024 / 09:03 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. Schweizer Electronic AG: Preliminary Group figures for the 2023 financial year

• Turnover increases to EUR 139.4 million
• EBITDA at EUR 47.4 million – high income from deconsolidation
• Outlook for the year 2024 remains positive

Schramberg, March 26, 2024 – The preliminary and unaudited results of the SCHWEIZER Group confirm the major and successfully completed turnaround in 2023. Sales rose to a record of EUR 139.4 million, exceeding expectations with an increase of 6.4 percent. This growth was made possible by a strong fourth quarter.

Gains from the deconsolidation of Schweizer Electronic (Jiangsu) Co., Ltd., China and an operational turnaround in business results led to an EBITDA of EUR 47.4 million (forecast: around EUR 50 million). This confirmed the high profits from the sale of the majority stake in the Chinese unit to WUS Printed Circuit (Kunshan) Co., Ltd., China. Excluding the positive one-off effects of the deconsolidation, EBITDA amounted to EUR 8.9 million (6.4% of sales). This was slightly below the EBITDA forecast of 7 to 9 percent.

Net gearing improved significantly to 64.2% (expectation 50 to 70%), as did the equity ratio, which amounted to 24.3% (previous year -5.5%)

Contrary to the market, SCHWEIZER also expects growth in 2024. We anticipate sales in a range of EUR 140 to 150 million (up to plus 10%), which will be made possible primarily by the start of large-scale production of the embedding technology for applications in automotive hybrid drive systems. This is a market segment that is currently developing very promisingly.