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)

| Source: EQS Group AG EQS Group AG 

SCHULER AG  / Key word(s): Half Year Results

26.05.2011 08:30

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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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, 
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Language:     English
Company:      SCHULER AG
              Bahnhofstraße 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
 
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