Schaltbau Holding AG
Schaltbau Holding AG: Schaltbau Group starts fiscal year 2017 in line with expectations
DGAP-News: Schaltbau Holding AG / Key word(s): Quarter Results CORPORATE NEWS / INTERIM STATEMENT
issued by Schaltbau Holding AG, Munich, Germany WKN 717030 – ISIN DE0007170300 Schaltbau Group starts fiscal year 2017 in line with expectations
Order intake rose by 9.5 per cent to EUR 170.8 million in the first quarter. The Mobile Transportation Technology segment reported organic growth, particularly for railway door systems and sliding doors (Automotive). The organic decline in the other segments is primarily due to lower order volumes in the fields of Brake Systems and Signal Technology, the expected sluggish demand for components in China and project-related reductions at the Italy-based Group subsidiary SPII. Overall, the Schaltbau Group’s order book grew by EUR 61.3 million to EUR 491.1 million (31 December 2016: EUR 429.8 million). The high order book figure forms a good basis for fulfilling the unchanged guidance of EUR 520 million to EUR 540 million in sales and an EBIT margin of 3 to 4 per cent. “After the expected slow-moving first quarter, over the next few months we will continue to evolve and resolutely implement our strategic agenda,” commented Dr Bertram Stausberg, Spokesperson of the Executive Board of the Schaltbau Group. “It is imperative to create a sound platform for margin-oriented growth by adopting efficient structures.” The successful renegotiation of bank loans during the first quarter has formed the necessary basis for the aforesaid. However, the related one-off effects (interest and similar expenses) and higher interest rates had a negative impact on the financial result in the quarter under report and thereafter. Accordingly, the net loss for the period amounted to EUR 12.3 million (first quarter 2016: net loss of EUR 2.6 million), giving rise to negative earnings per share of EUR 2.00 (first quarter 2016: negative EUR 0.62).
*Unless stated otherwise **Previous year’s figures restated as a result of a retrospective change in the scope of consolidation With annual sales of over EUR 500 million and 3,370 employees, the Schaltbau Group is a leading supplier of components and systems in the field of transportation technology and the capital goods industry. The companies of the Schaltbau Group supply complete level crossing systems, train formation and signal technology, door and boarding systems for buses, trains and commercial vehicles, sanitary systems and interior fittings for railway vehicles, industrial brakes for container cranes and wind turbines and also high- and low-voltage components for rolling stock as well as for other fields of application. Its innovative and future-oriented products make Schaltbau a key industrial business partner, particularly in the field of transportation technology. Contact: Christian Schunck Head of IR Schaltbau Holding AG Hollerithstraße 5 81829 Munich Germany Tel. +49 89 – 93005 209 Fax +49 89 – 93005 318 schunck@schaltbau.de www.schaltbau.com DISCLAIMER This corporate news contains statements regarding future developments based on information currently available to us. As a result of risks and uncertainties, actual outcomes could differ from the forward-looking statements made. Schaltbau Holding AG does not intend to update these forward-looking statements.
18.05.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | Schaltbau Holding AG |
Hollerithstraße 5 | |
81829 Munich | |
Germany | |
Phone: | +49 89 – 93005 – 209 |
Fax: | +49 89 – 93005 – 318 |
E-mail: | schunck@schaltbau.de |
Internet: | www.schaltbau.de |
ISIN: | DE0007170300 |
WKN: | 717030 |
Indices: | Prime Standard |
Listed: | Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate Exchange |
End of News | DGAP News Service |
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