Schaltbau Group in line with forecast in first quarter 2016

Schaltbau Holding AG / Key word(s): Quarter Results
11.04.2016 11:36

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Schaltbau Group in line with forecast in first quarter 2016
Munich, 11 April 2016 – The Schaltbau Group is a leading supplier of systems and components for transportation technology and industry. According to preliminary figures, Schaltbau has begun the fiscal year with sales growth of 9 per cent to around EUR 117 million and an improvement of almost EUR 30 million in order intake to total around EUR 157 million.
The reduced EBIT of EUR 4.0 million (2015: EUR 8.4 million) is mainly a result of the considerably lower margins generated with the product mix in the Mobile Transportation Technology segment, alongside budgeted negative factors in the Rail Infrastructure business field. Despite a positive contribution from the first-time consolidated entity SPII, subdued demand in China and unfavourable currency factors due to the renewed strength of the euro had a negative impact on the Components segment. These effects were also taken into account in the forecast.

At a preliminary Group net loss of EUR 1.5 million (Q1 2015: Group net profit of EUR 3.8 million), the first-quarter result was in line with expectations, including the loss contributed by at-equity accounted Albatros. Earnings per share for the first quarter will therefore be in the region of a negative amount of EUR 0.43 (Q1 2015: positive amount of EUR 0.40).

After beginning the year according to plan, the Schaltbau Group reaffirms its targets for the full year and continues to forecast an improvement in EBIT to EUR 41.5 million and Group net profit of at least EUR 27.3 million, accompanied by sales growth of some 10 per cent to EUR 550 million.

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Language:     English
Company:      Schaltbau Holding AG
              Hollerithstraße 5
              81829 Munich
              Germany
Phone:        089 – 93005 – 209
Fax:          089 – 93005 – 318
E-mail:       bloch@schaltbau.de
Internet:     www.schaltbau.de
ISIN:         DE0007170300
WKN:          717030
Listed: Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart
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