Swiss Electronic AG: Q1 Business Growth Unveiled

• Schweizer Electronic AG reported a 5.5% increase in sales in Q1 2024, amounting to EUR 39.2 million compared to EUR 37.1 million in Q1 2023.
• The company's EBITDA grew to EUR +2.1 million in Q1 2024, a significant increase from EUR +0.4 million in Q1 2023.
• The order backlog at the end of the quarter was EUR 224.9 million, down from EUR 251.3 million at the end of 2023.
• Sales to Automotive customers increased by +25.7% compared to the first quarter of 2023, accounting for 80.0% of revenue in Q1 2024.
• The company's equity amounted to EUR 24.9 million at the end of the quarter, down from EUR 25.8 million at the end of 2023.
• Schweizer Electronic AG confirmed its forecast for 2024, with a revenue target of EUR 140 to 150 million and an EBITDA forecast of between EUR +10 and +11 million.

The price of Schweizer Electronic at the time of the news was 6,0750EUR and was up +4,29 % compared with the previous day.
25 minutes after the article was published, the price was 6,0500EUR this corresponds to a minus of -0,41 % since publication.

Schweizer Electronic

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ISIN:DE0005156236WKN:515623

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