Schaltbau outperforms earnings forecast - dividend to be raised to EUR 1.10 per share

Schaltbau Holding AG  / Key word(s): Final Results/Dividend

09.03.2011 13:30

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Schaltbau outperforms earnings forecast - dividend to be raised to EUR 1.10
per share

Munich, 9 March 2011 - The Schaltbau Group surpassed the earnings forecast
it originally made for the fiscal year 2010. With a sales revenue increase
of 4% on the previous year to achieve EUR 280.4 million and a 10% rise in
total output to EUR 288.6 million, preliminary figures indicate that
earnings from operating activities (EBIT) rose sharply from EUR 20.3
million to EUR 23.8 million. The EBIT margin therefore improved from 7.5%
to 8.5% in terms of sales.

Preliminary Group net profit rose from EUR 14.1 million in 2009 to EUR 14.8
million. However, the previous year's result includes the positive
influence of the exceptional post-tax gain of EUR 1.1 million arising on
the sale of Bode Beijing. The profit attributable to shareholders of
Schaltbau Holding AG of EUR 12.1 million came very close to reaching the
previous year's level of EUR 12.3 million. Undiluted earnings per share
stood at EUR 6.50 (2009: EUR 6.62) and thus EUR 0.10 above the previously
published estimate. Net bank liabilities were further reduced and totalled
EUR 31.5 million at the end of 2010 (2009: EUR 33.9 million). The Group
equity ratio improved from 12.2 % to 17.5 %.

In view of this positive performance achieved in 2010 the Executive Board
will put forward a proposal to the Supervisory Board regarding the
appropriation of profit to pay a dividend of EUR 1.10. For the fiscal year
2009 a dividend was paid of EUR 0.50 per share plus a special dividend of
EUR 0.20 per share arising on the sale of Bode Beijing.





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
WKN:          717030, A0D66Z2, A0TFWY1
Listed:       Regulierter Markt in Frankfurt (Prime Standard), München;
              Freiverkehr in Berlin, Düsseldorf, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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