Schweizer Electronic Reports 2025 Growth, Sets 2026 Outlook

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According to preliminary figures, SCHWEIZER achieved a turnover of EUR 173.1 million in the 2025 financial year (previous year: EUR 144.5 million). This corresponds to an increase of 19.8 percent.

The increasing success of chip embedding technology, along with further project successes in the field of high-frequency printed circuit boards, contributed significantly to the substantial revenue growth. Revenue from automotive customers rose by 23.7 percent to €145.3 million, while revenue from non-mobility customers remained stable.

Sales of products from our strategic partner companies increased by 71.7 percent to 117.2 million euros in 2025 (2024: 68.2 million euros), while sales from our own production decreased by 26.7 percent to 55.9 million euros (2024: 76.3 million euros) compared to the previous year.

At the end of the reporting year, the order backlog amounted to €194.1 million.

Earnings before interest, taxes, depreciation, and amortization (EBITDA) amounted to €0.7 million in fiscal year 2025 (2024: -€0.3 million). This was primarily due to a negative product and customer mix, increased energy and raw material prices, and reduced capacity utilization at the German site. After adjusting for the €1.0 million cost of the restructuring program, EBITDA was €1.7 million.

As of the balance sheet date, liquid assets increased to EUR 23.4 million (December 31, 2024: EUR 8.2 million). This development was primarily influenced by the cash inflow from the sale of shares in Schweizer Electronic (Jiangsu) Co., Ltd., China.

In addition to improving the liquidity position, the sale of the shares also had a positive impact on the Group's net income, which increased by €14.0 million to €5.0 million in fiscal year 2025. Earnings per share amounted to €1.32 in fiscal year 2025 (2024: -€2.40).

The net debt ratio improved to -15.7 percent (31.12.2024: 62.8 percent).

Equity increased to EUR 26.7 million, which corresponds to a ratio of 21.4 percent (31.12.2024: EUR 21.6 million or 21.1 percent)  .

Marc Bunz, CFO of Schweizer Electronic AG, on the outlook : “Looking ahead to 2026, we see resilient, regionally diversified supply chains as a crucial success factor. At the same time, the expansion of AI infrastructure is leading to increasing strain on selected supplier materials for high-end printed circuit boards. This can result in risks regarding availability, costs, delivery times, and adherence to deadlines, which we will continue to manage closely.”

Outlook for 2026:

For 2026, SCHWEIZER expects sales of between €165 million and €185 million. The company anticipates continued strong demand for its embedding technology. SCHWEIZER also forecasts increasing sales in the Aviation & Defence sector.

Adjusted EBITDA is projected to be between €3.3 million and €6.0 million in 2026. 2025 was marked by a comprehensive restructuring, the cost effects of which will be almost fully realized in 2026. Furthermore, the company anticipates a turnaround in production volumes at the Schramberg site.

The forecast figures do not include restructuring expenses. Also not considered are potential impacts from increasing uncertainty regarding the availability and price of supplier materials.