Schaltbau increases Group net profit despite crisis - dividend to be raised to 50 cents plus 20 cents special dividend per share

Schaltbau Holding AG / Final Results/Dividend

09.03.2010 15:34

Dissemination of an Ad hoc announcement according to § 15 WpHG,
transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

Schaltbau increases Group net profit despite crisis - dividend to be raised
to 50 cents plus 20 cents special dividend per share

Munich, 9 March 2010 - The earnings position of the Schaltbau Group
developed positively compared to the previous year, despite the year of
crisis in 2009. The year under report was marked by a significant decline
in firm orders, particularly in the industrial sector. Incoming orders
decreased by EUR 29.5 million or 10.5% to EUR 251.7 million, accompanied by
a 3.7% reduction in sales revenues, which totalled EUR 269.8 million.

According to preliminary figures, despite declining sales revenues, the
previous year's earnings from operating activities (EBIT) of EUR 21.9
million were largely maintained at EUR 20.3 million in 2009, thanks to the
timely introduction of adaptation measures. Preliminary Group net profit
rose from EUR 13.1 million in 2008 to EUR 14.1 million in 2009. The result
includes the exceptional post-tax gain of EUR 1.1 million arising from the
sale of Bode Beijing. The net proceeds total EUR 0.3 million more than the
published estimation due to favourable changes in currency exchange rates
and lower transaction costs. In addition to withholding taxes connected
with this sale, the tax expense for the year also reflects current tax
field audit risks and deferred taxes. The profit attributable to
shareholders of Schaltbau Holding AG amounts to EUR 12.3 million (previous
year: EUR 11.8 million). Undiluted earnings per share surpassed
expectations and stand at EUR 6.62 (previous year: EUR 6.35). Net bank
liabilities were reduced to EUR 33.9 million (previous year: EUR 37.7
million).

In light of the Group's stable earnings situation, the Executive Board will
submit a proposal to the Supervisory Board that a dividend of 50 cents per
share be paid as well as an additional special dividend of 20 cents per
share arising from the sale of Bode Beijing.

In view of the expected moderate economic recovery, the Executive Board
predicts order-intake figures of EUR 275 million and sales revenues of EUR
270 million respectively for the fiscal year 2010. Based on business
performance to date, the Executive Board abides by the earnings forecast
made in November 2009, which announced earnings per share in the region of
EUR 5.40.


09.03.2010 Ad hoc announcement, Financial News and Media Release
distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------------
 
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
 
---------------------------------------------------------------------------