Press Release: Schweiter: Current business performance

Steinhausen, October 26, 2020 -- Schweiter Technologies reports a

satisfactory performance amid a volatile business environment.

The positive performance in the first half of the year continued into

the second half. While sales were on a par with the previous year,

earnings were significantly higher. This was due in particular to

ongoing buoyant demand for transparent sheets and another very

gratifying performance in the Core Materials business for the wind

energy sector.

The group expects demand for clear sheet products to normalize by

year-end and assumes a gradual recovery in demand for the rest of the

display business and in architecture. On balance, for the year as a

whole, Schweiter expects profitability to increase faster than sales,

which will be largely unchanged, and is forecasting earnings well in

excess of the previous year. The current outlook does not include the

effects of a possible renewed significant tightening of the regulatory

requirements in connection with the COVID-19 pandemic.

For further information please contact:

Martin Klöti, CFO

Tel. +41 41 757 77 00, Fax +41 41 757 70 01, martin.kloeti@schweiter.com

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Please find the Media release in the PDF attached:

-- Media release (PDF)

https://ml-eu.globenewswire.com/Resource/Download/0646bde4-58c7-4dfe-a05a-dc31e6103445

(END) Dow Jones Newswires

October 26, 2020 13:00 ET (17:00 GMT)