•    Order intake more than doubled 
•    Revenue rises by 15.8 percent
•    Adjusted EBITDA EUR -0.5 million
•    Forecast for 2025 specified 

On November 7, German PCB manufacturer Schweizer Electronic AG (SCE) reported a sharp rebound in performance, with order intake surging more than 140 percent year-on-year and sales rising 15.8 percent in the first nine months of 2025. The company also raised its full-year revenue outlook, citing improved operational efficiency and solid demand from automotive and industrial customers.

At the end of the third quarter, Schweizer's order backlog stood at EUR 256.1 million (approximately CNY 2.11 billion), up from EUR 221.0 million (CNY 1.82 billion) a year earlier, providing a stable foundation for upcoming quarters. Group sales reached EUR 127.5 million (CNY 1.05 billion), compared with EUR 110.1 million (CNY 906 million) in the same period last year.

Strong growth in the trading business offset a decline in in-house production, with trading revenue up 76.2 percent, accounting for 67.4 percent of total sales.

The automotive segment remained the company's primary growth driver, contributing 84 percent of sales, followed by industrial customers at 12.8 percent. Regional performance varied, with revenue in Germany down 17.3 percent, while sales in other European markets grew 43.6 percent, Asia 22.5 percent, and the Americas 53.0 percent.

Gross profit for the first nine months amounted to EUR 5.3 million (CNY 43.6 million), compared with EUR 7.5 million (CNY 61.8 million) last year, reflecting ongoing price pressures and shifts in the product mix. Adjusted for restructuring costs of EUR 1 million (CNY 8.24 million) incurred in the third quarter, EBITDA stood at EUR -0.5 million (CNY -4.12 million), compared with EUR -1.0 million (CNY -8.24 million) a year earlier.

As of September 30, 2025, the group's equity totaled EUR 12.9 million (CNY 106.2 million), corresponding to an equity ratio of 12.1 percent.

Restructuring Completed at Schramberg Plant

On October 1, 2025, Schweizer announced the completion of a comprehensive cost and workforce restructuring program at its Schramberg facility amid increased market volatility in the automotive and industrial electronics sectors. The company confirmed that all restructuring measures were implemented on a voluntary basis without requiring a reconciliation of interests or social compensation plan.

Following these adjustments, capacity utilization at the Schramberg plant has significantly improved, and production is expected to remain at a high level through year-end. The previously introduced short-time work program has now officially ended.

CEO Nicolas Schweizer described recent months as "challenging but transformative," adding that the company "used the crisis as an opportunity to optimize its cost structure and reposition strategically." He emphasized that 2025 serves as a transition year, with the full benefits of the restructuring expected to materialize in 2026.

"Going forward, we will expand our customer base beyond the automotive sector to strengthen our resilience and broaden our market reach," Schweizer said.

Stable Orders and Positive Outlook for 2026

The company reported stable order volumes for the remainder of 2025 and early signs of renewed growth momentum for 2026. As of the end of the third quarter, Schweizer's order backlog of approximately EUR 260 million provides a solid foundation for continued growth.

Schweizer reiterated its commitment to its strategic roadmap: "We will not stop at short-term improvements," said CEO Nicolas Schweizer. "Our focus remains on consolidating and expanding our position as one of Europe's leading PCB manufacturers."

Based on current trends, Schweizer now expects 2025 revenue between EUR 155 million and EUR 165 million (previously EUR 145–165 million). Adjusted EBITDA is projected to range from EUR 1 million to EUR 3 million (previously EUR 2–6 million), reflecting continued margin pressure and elevated raw material costs.

Overall, Schweizer has steadily improved its operating performance quarter by quarter and expects this positive momentum to carry through the fourth quarter of 2025.