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Schaltbau Holding AG: Flooding at Schaltbau subsidiary Bode in Kassel interrupts production operations for several days; resulting backlog should be made up for within a short time

23.05.2019 / 11:58
The issuer is solely responsible for the content of this announcement.

Munich (Germany), 23 May 2019. In the early hours of 21 May, around twenty thousand square metres of production space at the Schaltbau subsidiary Gebr. Bode GmbH & Co. KG (“Bode”) in Kassel (Germany) were affected by heavy rainfall and flooding. The staff present at the location, which employs around 850 people in total, were evacuated immediately and there were no personal injuries.

At the Bode factory site, where door and boarding systems for rolling stock and road vehicles are manufactured, the clean-up and repair work is in full swing and production is expected to resume from the beginning of next week. According to current estimates, it should be possible to make up the production shortfall caused by the flooding within a short time, and insurance cover is also provided against property damage and business interruption. Customers and other key partners of Bode have been informed of the incident.

Wolfgang Güssgen
Head of Investor Relations & Corporate Communications
Schaltbau Holding AG
Hollerithstrasse 5
81829 Munich
T +49 89 93005-209

About Schaltbau
With annual sales in the region of EUR 500 million and around 3,000 employees, the Schaltbau Group is an internationally leading supplier of components and systems in the field of transportation technology and the capital goods industry. With Schaltbau, Bode and Pintsch as their core brands, Schaltbau Group companies develop a wide range of high-quality technologies and customer-specific solutions for rolling stock, rail infrastructure, road vehicles and a range of other industrial applications. The Group’s portfolio includes high- and low-voltage components, door and boarding systems, interior fittings for rolling stock, complete level crossing systems, and shunting and signal technology. Its innovative products make Schaltbau a key industrial supplier, particularly in the field of transportation technology and for industrial applications that require DC switching technology in future-oriented markets such as new energy, electromobility, the DC industry and smart building.

This corporate news contains statements regarding future developments based on information currently available. As a result of risks and uncertainties, actual outcomes could differ from the forward-looking statements made. Schaltbau Holding AG does not intend to update these forward-looking statements.

23.05.2019 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
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