Schaltbau Group announces forecast for 2014

Munich, (PresseBox) - In view of Schaltbau's continuing fine business performance in the fourth quarter 2013, the Executive Board now predicts earnings per share for the current fiscal year to surpass its April forecast by around five per cent.

Building on the success of fiscal year 2013, the Executive Board expects to see stable performance in practically all business fields throughout 2014. Only the Rail Infrastructure business field is likely to experience a moderate decline.

Overall, the Schaltbau Group predicts sales to grow to around € 410 million in 2014, compared with an expected € 395 million in 2013. The fiscal year 2014 will again be somewhat burdened by upfront expenditure needed to recruit the additional personnel required to successfully continue treading the path of sustained growth. For this reason, earnings from operating activities (EBIT) in 2014 are expected to remain at the high level of approximately € 36 million predicted for 2013. Group net profit for 2014 is forecast to grow to € 25.2 million, with earnings per share rising to around € 3.50.

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