DGAP-Adhoc: SCHULER AG: Ad hoc announcement on 9M 2014 figures


SCHULER AG  / Key word(s): 9-month figures/Change in Forecast

30.10.2014 13:16

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

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  - Earnings guidance for 2014 raised to around 8.5% EBITA 
  - New orders up 10.6% on previous year at 916.3 million euros
  - EBITA margin of 8.3% on consolidated sales of 836.6 million euros after
    nine months


Göppingen, October 30, 2014 - Schuler AG is raising its earnings guidance
for the fiscal year 2014. The reason is the positive development of
business in the first nine months of 2014 with an operating result (EBITA)
of 69.1 million euros and an EBITA margin of 8.3%, according to preliminary
figures. The press manufacturer also expects positive one-off effects in
the fourth quarter of 2014 from the reversal of provisions no longer needed
this year for an efficiency enhancement program launched in 2013 for its
German facilities now almost fully completed. As a result, Schuler expects
an EBITA margin of around 8.5% for its fiscal year 2014. The company had
previously anticipated an EBITA margin of between 7 and 8%.

According to preliminary figures, the press manufacturer achieved
year-on-year growth in new orders of 10.6% to 916.3 million euros in the
first nine months. This was due in particular to a doubling of orders
received in Asia. According to preliminary figures, Schuler generated
consolidated sales of 836.6 million euros in the first nine months of
fiscal 2014. This figure is below the comparable prior-year figure of 906.8
million euros. Also, the result is below the - unusually high - comparable
prior-year figure. This is due to varying lead times typical for the
machine and plant engineering industry. Schuler expects sales to rise in
the fourth quarter of 2014 and confirms its sales guidance of between 1.1
and 1.2 billion euros. The company will announce the final figures for the
first nine months of fiscal 2014 on November 6, 2014.




Contact:
Schuler AG, Thomas Herrlinger, Head of Investor Relations, POB 12 22, 73012
Göppingen, Tel.: + 49 (0)7161/66-204, Fax: 66-850, e-Mail:
ir@schulergroup.com


30.10.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      SCHULER AG
              Bahnhofstraße 41
              73033 Göppingen
              Germany
Phone:        +49 (0)7161 66-204
Fax:          +49 (0)716 166-850
E-mail:       ir@schulergroup.com
Internet:     www.schulergroup.com
ISIN:         DE000A0V9A22
WKN:          A0V9A2
Listed:       Regulierter Markt in Frankfurt (General Standard), Stuttgart;
              Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München
 
End of Announcement                             DGAP News-Service
 
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