Schaltbau Group announces forecast for 2013

Schaltbau Holding AG / Key word(s): Forecast
09.11.2012 11:13

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Munich, 9 November 2012 – The Schaltbau Group expects the currently stable volume of railway sector business in Europe and the USA to remain constant in 2013. The raising of spending targets for railways officially announced in China in September will have a positive impact on the Schaltbau Group as from 2013. The good order situation in Germany is secured by steady demand from Deutsche Bahn AG (German national railways). In Russia too, the signals all point to further growth. We expect to see constant development in the Brake Systems business field. Prospects remain bright for new areas of application such as photovoltaics.

Altogether the Schaltbau Group expects sales to grow to around EUR 374 million in 2013 after an anticipated EUR 360 million in 2012. The fiscal year 2013 will be slightly burdened again by upfront expenditure for additional personnel needed to strategically continue along the Group’s successful path of growth. Overall, the Schaltbau Executive Board expects earnings from operating activities (EBIT) for the fiscal year 2013 to reach EUR 32.8 million. Returning to a normal tax rate Group net profit is predicted to total EUR 22.1 million in 2013 (2012: anticipated at around EUR 21.0 million) with earnings per share of EUR 3.04 (2012: anticipated EUR 2.94).

09.11.2012 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
              Germany
Phone:        089 – 93005 – 209
Fax:          089 – 93005 – 318
E-mail:       bloch@schaltbau.de
Internet:     www.schaltbau.de
ISIN:         DE0007170300, DE000A0D66Z2,
WKN:          717030, A0D66Z2,
Indices:      SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), München; Freiverkehr in Berlin, Düsseldorf, Stuttgart
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