Schaltbau Group announces forecast for 2011

(PresseBox) (Munich, ) The companies of the Schaltbau Group again performed well throughout the third quarter 2010. Based on present knowledge, the Schaltbau Group is expected to record sales of approximately € 280 million, earnings from operating activities (EBIT) totalling € 22.4 million and Group net profit of € 14.3 million for the current fiscal year 2010. After deducting the profit attributable to minority shareholders, the profit attributable to the shareholders of Schaltbau Holding AG will total € 11.9 million, equivalent to undiluted earnings per share of approximately € 6.40, as previously reported.

The Group is expecting the stable volume of railway business to continue in 2011. From a current perspective, the industrial components business is also likely to stabilise at a high level. At the same time the Brakes sector is predicted to gain in vitality, resulting in total sales revenue for the Group of around € 290 million and earnings from operating activities (EBIT) of € 23.5 million. Group net profit for the year is thus forecast at € 15.8 million and earnings per share at € 7.20 (undiluted).

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