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Schaltbau outperforms earnings forecast – dividend to be raised to EUR 1.10 per share

Schaltbau Holding AG / Key word(s): Final Results/Dividend
09.03.2011 13:30

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Schaltbau outperforms earnings forecast – dividend to be raised to EUR 1.10 per share

Munich, 9 March 2011 – The Schaltbau Group surpassed the earnings forecast it originally made for the fiscal year 2010. With a sales revenue increase of 4% on the previous year to achieve EUR 280.4 million and a 10% rise in total output to EUR 288.6 million, preliminary figures indicate that earnings from operating activities (EBIT) rose sharply from EUR 20.3 million to EUR 23.8 million. The EBIT margin therefore improved from 7.5% to 8.5% in terms of sales.

Preliminary Group net profit rose from EUR 14.1 million in 2009 to EUR 14.8 million. However, the previous year’s result includes the positive influence of the exceptional post-tax gain of EUR 1.1 million arising on the sale of Bode Beijing. The profit attributable to shareholders of Schaltbau Holding AG of EUR 12.1 million came very close to reaching the previous year’s level of EUR 12.3 million. Undiluted earnings per share stood at EUR 6.50 (2009: EUR 6.62) and thus EUR 0.10 above the previously published estimate. Net bank liabilities were further reduced and totalled EUR 31.5 million at the end of 2010 (2009: EUR 33.9 million). The Group equity ratio improved from 12.2 % to 17.5 %.

In view of this positive performance achieved in 2010 the Executive Board will put forward a proposal to the Supervisory Board regarding the appropriation of profit to pay a dividend of EUR 1.10. For the fiscal year 2009 a dividend was paid of EUR 0.50 per share plus a special dividend of EUR 0.20 per share arising on the sale of Bode Beijing.

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

09.03.2011 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, DE000A0TFWY1 WKN:          717030, A0D66Z2, A0TFWY1
Listed: Regulierter Markt in Frankfurt (Prime Standard), München; Freiverkehr in Berlin, Düsseldorf, Stuttgart  
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