Working in the other direction, on one hand, anticipated considerable project delays and possibly higher costs are now likely to have a negative impact on the second half of the year in the Rail Infrastructure business field, coupled with an expected loss from ALTE Technologies, but improved business performance in other Group companies on the other hand. Based on the current forecast, this development is likely to reduce the Schaltbau Group's EBIT, with the consequence that EBIT for the full year 2014 is now expected to come in at € 31 million. This decrease, which basically results from non-recurring effects, will be more than compensated by the above-mentioned rise in the result from investments.
Schaltbau raises earnings forecast
Working in the other direction, on one hand, anticipated considerable project delays and possibly higher costs are now likely to have a negative impact on the second half of the year in the Rail Infrastructure business field, coupled with an expected loss from ALTE Technologies, but improved business performance in other Group companies on the other hand. Based on the current forecast, this development is likely to reduce the Schaltbau Group's EBIT, with the consequence that EBIT for the full year 2014 is now expected to come in at € 31 million. This decrease, which basically results from non-recurring effects, will be more than compensated by the above-mentioned rise in the result from investments.