Schaltbau group again with significantly improved earnings

München, (PresseBox) - According to its current assessment, the Schaltbau group is expecting a considerable rise in earnings for the fiscal year 2008.

Based on the actual state of information, group net profit for the ongoing year will amount to approximately EUR 7.7 million. After minority interests, this would result in a profit attributable to shareholders of Schaltbau Holding AG of EUR 6.8 million, amounting to a yield of EUR 3.50 to 3.65 per share.

For fiscal year 2008 the group sees a stable economic environment and continuous demand. An increase in earnings before interest and taxes (EBIT) of around EUR 15.5 million is forecasted. The result is supported by the current record number of firm orders, the high level of world trade expected to prevail and expansion in the public transportation sector, both local and long-distance, as well as in freight traffic.

These effects should help to increase group net profit to around EUR 9.7 million and boost earning per share to within the range of EUR 4.50 and EUR 4.70.

The group´s earning-projections for the fiscal year 2009 are based on positive market developments and will lead to a further improvement of all key financial figures of at least 10 percent.

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