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Schaltbau Group announces forecast for 2010

Schaltbau Holding AG / Forecast


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 Group announces forecast for 2010

Munich, 04 November 2009 – The companies of the Schaltbau Group continued to perform in line with forecast during the third quarter 2009. The Group’s short-term prospects remain fundamentally unchanged. According to current knowledge, the Schaltbau Group is expected to achieve sales revenues of approximately EUR 270 million, earnings from operating activities (EBIT) totalling EUR 21.0 million and Group net profit of EUR 13.4 million for the current fiscal year 2009. After deducting the profit attributable to minority shareholders, the profit attributable to the shareholders of Schaltbau Holding AG will amount to EUR 11.6 million, equivalent to earnings per share of approximately EUR 6.20.

The Group is expecting a continuation of the relatively stable volume of business with the railway industry in 2010. Slight improvements in a number of industrial areas are likely to be accompanied by losses in door systems for buses as well as a lower volume of container traffic, thus leading to decreases in the related industrial brakes business. Altogether, sales revenues at the level of those seen in 2009 are expected. In 2010, however, expenses in advance will be necessary in order to attain the growth predicted for 2011 and the years that follow. This strategic approach is predicted to lead to a reduction in the result from operating activities (EBIT) to approximately EUR 17.5 million. Group net profit for the year is thus forecast to total EUR 11.6 million with earnings per share of EUR 5.40.

Wolfdieter Bloch
Schaltbau Holding AG
Hollerithsttraße 5
81829 München
Tel. 089 – 93005 209
Fax  089 – 93005 318

04.11.2009  Financial News transmitted by DGAP

Language:     English
Company:      Schaltbau Holding AG
              Hollerithstraße 5
              81829 München
Phone:        089 – 93005 – 209
Fax:          089 – 93005 – 318
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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