Schaffner wins multiple large-scale orders from the automobile industry

Media Release

Schaffner wins multiple large-scale orders from the automobile industry

Luterbach, 29 October 2019 – In October, Schaffner achieved the largest order volume in the Group's history with new contracts signed in the Automotive Division totaling more than CHF 55 million.

The new orders primarily relate to latest-generation antennas for keyless authentication systems in new model platforms of various well-known global automobile manufacturers. The order volume covers the entire duration of the new models.

Once the production lines have been set up, Schaffner expects an impact on earnings that will increase from fiscal 2020/21 year onwards.

Contact

Marc Aeschlimann

Chief Executive Officer

T +41 32 681 66 01

marc.aeschlimann@schaffner.com

Christian Herren

Chief Financial Officer

T +41 32 681 66 01

christian.herren@schaffner.com

Financial calendar

  5 December 2019

14 January 2020

  7 May 2020

  8 December 2020

12 January 2021

Publication of annual result 2018/19

24th Annual General Meeting

Publication of half-year result 2019/20

Publication of annual result 2019/20

25th Annual General Meeting

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