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Schaltbau Group remained on growth course in 2012 – dividend to be raised to EUR 0.77 per share

Schaltbau Holding AG / Key word(s): Final Results/Dividend
08.03.2013 14:34

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 remained on growth course in 2012 – dividend to be raised to EUR 0.77 per share

Munich, 08 March 2013 – Despite the unsettled economic environment, in fiscal year 2012 the Schaltbau Group again managed to surpass both sales revenue and Group net profit compared with the previous year. Preliminary figures show that sales grew by 13.9% to EUR 362.8 million. EBIT improved by 7.3% to reach EUR 29.5 million. The result is influenced by exceptional factors relating to the first-time consolidation, acquisition costs and upfront expenditure for personnel as well as the cost of research and development. The EBIT margin decreased to 8.1% in the year under report, compared with 8.6% in 2011.

Group net profit for the year rose to EUR 22.2 million (2011: EUR 21.7 million), despite the previous year having been positively impacted by fair value gains recorded in interest and investment income. The profit attributable to shareholders of Schaltbau Holding AG amounted to EUR 19.0 million (2011: EUR 18.7 million). At EUR 3.09, undiluted earnings per share were higher than the most recently forecast figure. Adjusted to account for the impact of the 1:3 share split that came into force on 20 August 2012, earnings per share for the fiscal year 2011 amounted to EUR 3.13.
Despite the significant increase in the balance sheet total, the equity ratio rose to stand at 29.9% on the balance sheet date (2011: 27.9%). Due to a sharp rise in working capital resulting from strong sales in the final quarter 2012 as well as growth in order-book figures, Group net bank liabilities amounted to EUR 45.0 million (2011: EUR 27.4 million).
Due to the good earnings situation in fiscal year 2012 and the unbroken positive prospects for the future of the Schaltbau Group, the Executive Board will put forward a proposal for the appropriation of profit to the Supervisory Board to pay a dividend of EUR 0.77 (2011: EUR 0.60).

08.03.2013 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, 
Indices:      SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), München; Freiverkehr in Berlin, Düsseldorf, Stuttgart  
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