DGAP-Adhoc: Schaltbau raises earnings forecast

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| Source: EQS Group AG
Schaltbau Holding AG  / Key word(s): Change in Forecast

16.07.2014 20:28

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Schaltbau raises earnings forecast

Munich, 16 July 2014 - The Schaltbau Group, a leading supplier of systems
and components for transportation technology and industry, is raising its
previously announced target for Group net profit in 2014 of EUR 25 million
to EUR 29.4 million. The new target is equivalent to raising the forecast
earnings per share from EUR 3.50 to EUR 4.15. The main reason is the
increasing of its share in the Polish subsidiary RAWAG Sp.z.o.o. by 46.5%
to 89.1%. The required revaluation of the previous shareholding of 42.6%
results in a positive one-off gain of EUR 11.8 million. After taking
moderate valuation adjustments of further subsidiaries into account as well
as the now assumed proportionate loss from the Spanish acquisition
Albatros, the net effect on the result from investments is approximately
EUR 8.8 million.

Working in the other direction, on one hand, anticipated considerable
project delays and possibly higher costs are now likely to have a negative
impact on the second half of the year in the Rail Infrastructure business
field, coupled with an expected loss from ALTE Technologies, but improved
business performance in other Group companies on the other hand. Based on
the current forecast, this development is likely to reduce the Schaltbau
Group's EBIT, with the consequence that EBIT for the full year 2014 is now
expected to come in at EUR 31 million. This decrease, which basically
results from non-recurring effects, will be more than compensated by the
above-mentioned rise in the result from investments.


16.07.2014 DGAP's Distribution Services include Regulatory Announcements,
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Language:     English
Company:      Schaltbau Holding AG
              Hollerithstraße 5
              81829 München
              Germany
Phone:        089 - 93005 - 209
Fax:          089 - 93005 - 318
E-mail:       bloch@schaltbau.de
Internet:     www.schaltbau.de
ISIN:         DE0007170300, DE000A0D66Z2, 
WKN:          717030, A0D66Z2, 
Indices:      SDAX
Listed:       Regulierter Markt in Frankfurt (Prime Standard), München;
              Freiverkehr in Berlin, Düsseldorf, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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