Back to Ad Hoc Releases

Schaltbau Group revises forecast upwards for 2008 – Schaltbau Holding AG Executive Board determines change to Prime Standard

Schaltbau Holding AG / Forecast

Release 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.

10 June 2008: at the Executive Board meeting of Schaltbau Holding AG held today, the following resolutions were passed to adjust the earnings forecast upwards and to change to the Prime Standard market segment.

Schaltbau Group revises forecast upwards for 2008

After the sharp improvement seen in the first quarter of 2008, which surpassed both last year’s figures and the company’s own expectations by a considerable margin, and the pleasing sales trend witnessed in April and May, the Executive Board of Schaltbau Holding AG has resolved to adjust its forecast upwards for the current fiscal year.

Accordingly the companies of the Group are predicted to receive firm orders for €260 million instead of the previously announced figure of €255 million (last year: €271.9 million). Sales revenues are forecast to grow to €263 million, thereby exceeding the originally expected €255 million (last year: €232.1 million). The management predicts a corresponding further increase in earnings before interest and taxes (EBIT) to achieve a total of €17.7 million instead of the previously forecasted €15.5 million (last year: €14.1 million) and growth in Group net profit for 2008 to €11.5 million. The original prediction had been one of €9.7 million (last year: €8.2 million). This will boost the profit attributable to shareholders to €10.3 million, surpassing the planned €8.6 million (last year: €7.2 million). Earnings per share should then be in the range of €5.50 to €5.70 compared to the earlier forecast of €4.50 to €4.70 (last year: €3.85).

Schaltbau Holding AG Executive Board determines change to Prime Standard
Taking the current market capitalisation and the Group’s continuing strategic aspiration towards international orientation duly into account, the management of Schaltbau Holding AG, domiciled in Munich (ISIN DE0007170300), passed a resolution at today’s Executive Board meeting to change to the Prime Standard market segment of the Frankfurt Stock Exchange. The respective application for the new listing will be made to the German Stock Exchange within the next few days.

Wolfdieter Bloch
Schaltbau Holding AG
Klausenburger Straße 6
81677 München
Tel. 089 – 93005 209
Fax  089 – 93005 318

10.06.2008  Financial News transmitted by DGAP

Language:     English
Issuer:       Schaltbau Holding AG
              Klausenburger Straße 6
              81667 München
Phone:        089 – 93005 0
Fax:          089 – 93005 350
ISIN: DE0007170300, DE000A0D66Z2, DE000A0TFWY1 WKN:          717030, A0D66Z2, A0TFWY1
Listed: Regulierter Markt in Frankfurt, München; Freiverkehr in               Berlin, Düsseldorf, Stuttgart
End of News DGAP News-Service  

Back to Ad Hoc Releases