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Schaltbau increases Group net profit for 2008 by 60 per cent – dividend to be raised to 50 cents per share

Schaltbau Holding AG / Final Results

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.

Schaltbau increases Group net profit for 2008 by 60 per cent – dividend to be raised to 50 cents per share

Munich, 09 March 2009 – In a favourable market environment the Schaltbau Group continued firmly along its well-trodden road to success in the fiscal year 2008. The Group recorded a 3.4 per cent increase in incoming orders to total EUR 281.2 million (previous year: EUR 271.9 million) and sales revenues even rose by EUR 48.1 million or 20.7 per cent to EUR 280.2 million (previous year: EUR 232.1 million).

According to preliminary figures, earnings from operating activities (EBIT) improved on last year’s result of EUR 14.1 million to total EUR 21.9 million. Preliminary Group net profit increased from EUR 8.2 million in 2007 to EUR 13.1 million. Profit attributable to shareholders of Schaltbau Holding AG thus amounts to EUR 11.8 million after achieving EUR 7.2 million one year earlier. Diluted earnings per share thus slightly exceeded forecasts and now stand at EUR 6.35 (previous year: EUR 3.85). Net bank liabilities were reduced to EUR 37.7 million (previous year: EUR 41.4 million).

Due to the further improvement in the Group earnings situation, the Executive Board will put forward a proposal for the appropriation of profit to the Supervisory Board to raise the dividend to 50 cents per share (previous year: 30 cents).

Despite the increased uncertainties the Executive Board expects to largely maintain its levels of order intake and sales revenue at the previous year’s volume of approximately EUR 280 million respectively for the fiscal year 2009. On the basis of business performance to date, Group management abides by the earnings forecast made in October 2008, which announced earnings per share in the region of EUR 6.20.

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

09.03.2009  Financial News transmitted by DGAP

Language:     English
Issuer:       Schaltbau Holding AG
              Hollerithstraße 5
              81829 München
Phone:        089 – 93005 0
Fax:          089 – 93005 350
ISIN: DE0007170300, DE000A0D66Z2, DE000A0TFWY1 WKN:          717030, A0D66Z2, A0TFWY1
Listed: Regulierter Markt in Frankfurt (Prime Standard), München; Freiverkehr in Berlin, Stuttgart, Düsseldorf  
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