Schaltbau Group revises forecast upwards for 2010

Schaltbau Holding AG / Change in Forecast

14.07.2010 15:08

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Schaltbau Group revises forecast upwards for 2010

Munich, 14 July 2010 - After business performance exceeded previous
expectations during the first half of the current year and in view of the
good prospects for the coming six months, the Executive Board of Schaltbau
Holding AG is upwardly revising its forecast for the fiscal year 2010. The
positive performance is primarily attributable to a pleasing upturn in
business, particularly in the Door Systems and Components business fields.

Accordingly the companies of the Group are now predicted to receive
incoming orders totalling EUR 286 million instead of the previously
expected EUR 275 million (2009: EUR 251.7 million). Sales revenues are
forecast to grow to EUR 277 million, exceeding the previously estimated EUR
270 million (2009: EUR 269.8 million). The management predicts a
corresponding further increase in earnings from operating activities (EBIT)
to total EUR 21.2 million instead of the previous forecast of EUR 17.5
million (2009: EUR 20.3 million) and growth in Group net profit to EUR 13.5
for 2010. The original prediction had been one of EUR 11.6 million (2009:
EUR 14.1 million). These figures will boost the profit attributable to
shareholders to EUR 11.3 million, surpassing the planned EUR 10.1 million
(2009: EUR 12.3 million). Earnings per share are therefore expected rise to
EUR 6.10 compared to the earlier forecast of EUR 5.40 (2009: EUR 6.62).





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






14.07.2010 Ad hoc announcement, Financial News and Press Release
distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.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
WKN:          717030, A0D66Z2, A0TFWY1
Listed:       Regulierter Markt in Frankfurt (Prime Standard), München;
              Freiverkehr in Berlin, Düsseldorf, Stuttgart
 
End of News                                     DGAP News-Service
 
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