Significant revenue growth and above-average rise in earnings
Horgen, 4 August 2016 – Schweiter Technologies posted a significant rise in revenues and earnings in the first half of 2016. The Group’s net revenues amounted to CHF 501.3 million in the first half of the year, corresponding to an increase of 16% (in local currencies: +13%). Both divisions contributed to the revenue growth. Earnings rose above average: Group EBITDA gained 40% (organic growth: 22%) to CHF 61.5 million, EBIT rose by 53% to CHF 48.2 million and net profit increased by 85% to CHF 34.5 million. The Group’s cash holdings amount to CHF 126 million after the dividend distribution of approximately CHF 57 million.