SCHULER AG / Key word(s): Half Year Results 26.05.2011 08:30 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. --------------------------------------------------------------------------- Schuler ad-hoc announcement on its half-yearly financial report 2010/11 Upswing continues for Schuler: - EBITDA grows to EUR 35.7 (prior year: EUR 6.1) million - Consolidated result after taxes EUR 6.6 (EUR -15.3) million - Outlook upgraded Göppingen, May 26, 2011 - With a consistently high level of new orders, both sales and earnings of Schuler AG rose strongly in the first half of fiscal year 2010/11 (ending March 31). The Göppingen-based specialist for metalforming technology posted consolidated sales of EUR 403.7 (prior year: EUR 291.7) million with considerably improved consolidated earnings (EBITDA) of EUR 35.7 (EUR 6.1) million. Schuler also achieved a turnaround in its consolidated result after tax, posting EUR 6.6 million compared to a loss of EUR 15.3 million in the previous year. In the first six months of the current fiscal year, the Schuler Group received new orders worth EUR 817.4 (EUR 293.9) million. At EUR 1.09 billion as of March 31, 2011, the order backlog was more than double the prior-year figure of EUR 509.3 million. On the basis of currently available data and market developments, Schuler is confident that its favorable business development will continue in the remaining months of the present fiscal year. Against the backdrop of strong progress made so far in the current fiscal year, Schuler has upgraded its sales forecast for fiscal year 2010/11. The Board of Management now expects consolidated sales of over EUR 900 million. Based on this sales forecast, Schuler now targets an EBITDA margin of over seven percent. The previous forecast communicated by the company was for an EBITDA margin of around seven percent based on expected consolidated sales of EUR 870 to EUR 920 million. Contact: Schuler AG, Company Spokesperson, Hans Obermeier, POB 12 22, 73012 Goeppingen, Germany, Tel. +49 71 61/66-201, Fax: 66-907, http://www.schulergroup.com - e-mail: pr@schulergroup.com 26.05.2011 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: SCHULER AG BahnhofstraÃe 41 73033 Göppingen Deutschland Phone: +49 (0)7161 66-8 59 Fax: +49 (0)716 166-9 07 E-mail: ir@schulergroup.com Internet: www.schulergroup.com ISIN: DE000A0V9A22, DE0007210601 WKN: A0V9A2, 721060 Indices: Fokus Baden-Württemberg: BWX M Listed: Regulierter Markt in Frankfurt (General Standard), Stuttgart; Freiverkehr in Berlin, Düsseldorf, München End of Announcement DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: SCHULER AG: Ad-hoc announcement on its half-yearly financial report 2010/11 - Upswing continues for Schuler (EBITDA grows to EUR 35.7 (prior year: EUR 6.1) million, consolidated result after taxes EUR 6.6 (EUR -15.3) million, Outlook upgraded)
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