Schaltbau Group raises forecast for 2013

(PresseBox) ( München, )
According to preliminary figures, the companies of the Schaltbau Group registered a new record order-intake of € 107.8 million for the first three months of the current fiscal year (31.03.2012: € 105.5 million). During the same period Group sales rose significantly by 12.4 per cent from € 84.7 million to € 95.2 million. All of the Group's business fields contributed towards this pleasing development of sales. Due to the Group's dynamic business performance, which surpasses previous expectations by far, and in view of the unchanged positive outlook for the months to come, assuming market conditions remain unchanged, the Executive Board of Schaltbau Holding AG is upwardly adjusting its forecast for the fiscal year 2013. Accordingly, Group sales revenue for 2013 is now predicted to rise to approximately € 390 million (previous forecast: € 374 million). Earnings from operating activities (EBIT) are now forecast to total € 35.9 million (previously: € 32.8 million) and returning to a normal tax rate Group net profit is expected to reach € 23.5 million (previously: € 22.1 million). Earnings per share are thus predicted to amount to € 3.24.
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