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Schaltbau Group raises forecast for 2011

Schaltbau Holding AG / Key word(s): Change in Forecast
15.09.2011 17:31

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 raises forecast for 2011

Munich, 15 September 2011 – The Schaltbau Group maintained a continuously dynamic business performance in all three segments during the first eight months of 2011. The business fields Door Systems, Components and Brake Systems in particular all easily outperformed company expectations. The latter profited to a great extent from the dissolution of the investment backlog in the field of container terminals. The outlook continues to be positive for the coming months. In view of these facts, the Executive Board of Schaltbau Holding AG is again upwardly adjusting its forecast for the current fiscal year 2011, based on market conditions remaining constant.
Group sales for 2011 are thus forecast to rise to approximately EUR 315 million (previous forecast: EUR 300 million). The operating profit (EBIT) is now predicted to total EUR 29.3 million (previous forecast: EUR 26.0 million) and group net profit to reach EUR 20.9 million (previous forecast: EUR 18.6 million). Earnings will also be positively affected by higher exceptional gains recorded in the result from investments. Earnings per share would then total approximately EUR 8.85 (previous forecast: EUR 8.00).

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

15.09.2011 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, 
WKN:          717030, A0D66Z2, 
Listed: Regulierter Markt in Frankfurt (Prime Standard), München; Freiverkehr in Berlin, Düsseldorf, Stuttgart  
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