Schaltbau Group announces forecast for 2011

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).