Schaffner wins multiple large-scale orders from the automobile industry

Oct 29, 2019

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.aeschlimannschaffner.com

 

Christian Herren

Chief Financial Officer

T +41 32 681 66 01

christian.herrenschaffner.com

 

Financial calendar

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14 January 2020

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  8 December 2020

12 January 2021

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24th Annual General Meeting

Publication of half-year result 2019/20

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25th Annual General Meeting