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Financial statements of the SCHURTER Group 2018

The turnover of the SCHURTER Group grew by 11.4 % to CHF 289 million in 2018. The Lucerne family-owned company, which today comprises 22 subsidiaries, achieved a cash flow of 10 % and a profit after tax of 6.1 % of sales.

The SCHURTER Group resumes another successful year in 2018. With strong growth of 11.4 % from CHF 259.4 million to CHF 289 million, record sales were achieved in the company's 85-year history.

In terms of divisions, there was a marginal difference in growth. An increase of >10 % was achieved in both divisions, which is very encouraging. The "Components" division increased sales by 12 % to CHF 193.5 million. Worth mentioning here is the further strong expansion of the "Solutions" division from 14 % to CHF 23.9 million, which made a significant contribution to component growth. The Input Systems Division expanded its market position in Europe and increased sales by 10.2 % to CHF 95.6 million.

The Group companies Burisch Elektronik Bauteile GmbH (Vienna, Austria) and AKI ELECTRONIC (Jihlava, Czech Republic) performed very well within the SCHURTER Group in the second year. The Czech Republic, Slovakia and Hungary markets were fully transferred to Burisch. SCHURTER Electronics Sp. zo.o., which was founded three years ago in Warsaw, Poland, is a wholly-owned subsidiary of the SCHURTER Group. It is developing very well and has far exceeded the expected sales and earnings figures since its foundation. The strong growth in sales has an impact on the structures and resources of the SCHURTER Group. The Group grew by 5.7 % or 114 employees to 2123 positions.

The SCHURTER Group's constant commitment to investing in state-of-the-art production facilities is of decisive importance for its success. An impressive example of this is the fully automated fuse production at the headquarters in Lucerne, which was further expanded in 2018.

The transformation from a divisional to a market-oriented organization was initiated with the "Strategy23 - on the move" in 2018. It has been in force since 1 January 2019. This step reflects the Group's focused global orientation towards customer/market needs, which are now the responsibility of seven sales regions. This will give customers worldwide access to SCHURTER's entire product and service portfolio.

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