October recorded the largest order volume of the Schaffner Group thanks to the new contracts signed in the Automotive Division particularly related to keyless authentication systems in new model platforms. The total sum amounted to more than CHF 55 million. They are expected to positively impact earnings starting from fiscal 2020/21 year onwards.
In the automotive industry, Schaffner manufactures and supplies components for antennas designed for keyless authentication systems as well as components for electronic motor controls. Moreover, the Group also offers a wide range of solutions to make operating power electronic systems more efficient and reliable. Spanning from EMC filters to power magnetic components to power quality filters, Schaffner’s portfolio provides solutions for automotive and industrial applications.