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Schaltbau Group announces forecast for 2011

Schaltbau Holding AG / Key word(s): Forecast
08.11.2010 17:31

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP – a company of EquityStory AG.
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Schaltbau Group announces forecast for 2011

Munich, 8 November 2010 – The companies of the Schaltbau Group again performed well throughout the third quarter 2010. Based on present knowledge, the Schaltbau Group is expected to record sales of approximately EUR 280 million, earnings from operating activities (EBIT) totalling EUR 22.4 million and Group net profit of EUR 14.3 million for the current fiscal year 2010. After deducting the profit attributable to minority shareholders, the profit attributable to the shareholders of Schaltbau Holding AG will total EUR 11.9 million, equivalent to undiluted earnings per share of approximately EUR 6.40, as previously reported.
The Group is expecting the stable volume of railway business to continue in 2011. From a current perspective, the industrial components business is also likely to stabilise at a high level. At the same time the Brakes sector is predicted to gain in vitality, resulting in total sales revenue for the Group of around EUR 290 million and earnings from operating activities (EBIT) of EUR 23.5 million. Group net profit for the year is thus forecast at EUR 15.8 million and earnings per share at EUR 7.20 (undiluted).

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

08.11.2010 DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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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 Düsseldorf, Berlin, Stuttgart  
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