Amstrad Plc’s former partner Schneider Rundfunkwerke AG, which thought it could do better by going it alone and making its own personal computers, is not out of the woods yet. At the annual meeting, the German company said it expects to post a loss of some $16.7m this year and only break even in 1993, Reuter reports from Augsburg. Despite efforts to cut costs, management board chairman Hans-Juergen Thaus told the meeting that the company expects to report a painful loss in 1992 after a $96m loss in 1991, adding that Schneider was interested in alliances in the areas of production, purchasing and sales. Turnover for the first half of the current year was $154m, and the company looks for $365m to $400m for the full year – the company sees no prospect of improvement in business in the second half; last year, sales plunged 38% to just over $400m. Measures to improve profitability are under way, the company said, but pressures continue because of the weak state of the consumer electronics business. In addition to weak business, Thaus said that restructuring its Dual GmbH unit put a burden on the company; Dual lost $10.8m in 1991 and will report a substantial loss for this year as well.
