Schaltbau Group raises forecast for 2011

Schaltbau Holding AG  / Key word(s): Change in Forecast

14.04.2011 18:07

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Schaltbau Group raises forecast for 2011

Munich, 14 April 2011 - According to preliminary figures, the companies of
the Schaltbau Group registered a new record order-intake of EUR 101.1
million for the first three months of the current fiscal year, an
improvement of almost 30 per cent on the total of EUR 78.2 million posted
one year earlier. During the same period Group sales rose from EUR 62.1
million to EUR 74.1 million. All of the Group's business fields contributed
towards this pleasing result. Due to the Group's dynamic business
performance, which surpasses previous expectations by far, and in view of
the unchanged positive outlook for the months to come, assuming market
conditions remain unchanged, the Executive Board of Schaltbau Holding AG is
upwardly adjusting its forecast for the fiscal year 2011. Accordingly,
Group sales revenue for 2011 is now predicted to rise to approximately EUR
300 million (previous forecast: EUR 290 million). Earnings from operating
activities (EBIT) are now forecast to total EUR 26.0 million (previously:
EUR 23.5 million) and Group net profit is expected to reach EUR 18.6
million (previously: EUR 15.8 million). Earnings will also be positively
affected by higher exceptional effects recorded within the result from
investments. Earnings per share are thus predicted to amount to EUR 8.00.
The convertible bond 2007/2012 (ISIN DE000A0TFWY1 - WKN A0TFWY) is expected
to be converted in full. The final deadline for converting the convertible
bond is 6 May 2011.


Kontakt:
Wolfdieter Bloch
Schaltbau Holding AG
Hollerithstraße 5
81829 München
Tel. 089 - 93005 209
Fax  089 - 93005 318
bloch@schaltbau.de






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Language:     English
Company:      Schaltbau Holding AG
              Hollerithstraße 5
              81829 München
              Deutschland
Phone:        089 - 93005 - 209
Fax:          089 - 93005 - 318
E-mail:       bloch@schaltbau.de
Internet:     www.schaltbau.de
ISIN:         DE0007170300, DE000A0D66Z2, DE000A0TFWY1, DE000A1H3440
WKN:          717030, A0D66Z2, A0TFWY1, A1H344
Listed:       Regulierter Markt in Frankfurt (Prime Standard), München;
              Freiverkehr in Berlin, Düsseldorf, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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