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15:34 | 09.03.2009
DJ DGAP-Adhoc: Schaltbau increases Group net profit for 2008 by 60 per cent – dividend to be raised to 50 cents per share
DJ DGAP-Adhoc: Schaltbau increases Group net profit for 2008 by 60 per cent – dividend to be raised to 50 cents per share
Schaltbau Holding AG / Final Results
09.03.2009
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Schaltbau increases Group net profit for 2008 by 60 per cent - dividend to
be raised to 50 cents per share
Munich, 09 March 2009 - In a favourable market environment the Schaltbau
Group continued firmly along its well-trodden road to success in the fiscal
year 2008. The Group recorded a 3.4 per cent increase in incoming orders to
total EUR 281.2 million (previous year: EUR 271.9 million) and sales
revenues even rose by EUR 48.1 million or 20.7 per cent to EUR 280.2
million (previous year: EUR 232.1 million).
According to preliminary figures, earnings from operating activities (EBIT)
improved on last year's result of EUR 14.1 million to total EUR 21.9
million. Preliminary Group net profit increased from EUR 8.2 million in
2007 to EUR 13.1 million. Profit attributable to shareholders of Schaltbau
Holding AG thus amounts to EUR 11.8 million after achieving EUR 7.2 million
one year earlier. Diluted earnings per share thus slightly exceeded
forecasts and now stand at EUR 6.35 (previous year: EUR 3.85). Net bank
liabilities were reduced to EUR 37.7 million (previous year: EUR 41.4
million).
Due to the further improvement in the Group earnings situation, the
Executive Board will put forward a proposal for the appropriation of profit
to the Supervisory Board to raise the dividend to 50 cents per share
(previous year: 30 cents).
Despite the increased uncertainties the Executive Board expects to largely
maintain its levels of order intake and sales revenue at the previous
year's volume of approximately EUR 280 million respectively for the fiscal
year 2009. On the basis of business performance to date, Group management
abides by the earnings forecast made in October 2008, which announced
earnings per share in the region of EUR 6.20.
Contact:
Wolfdieter Bloch
Schaltbau Holding AG
Hollerithstraße 5
81829 München
Tel. 089 - 93005 209
Fax 089 - 93005 318
bloch@schaltbau.de
09.03.2009 Financial News transmitted by DGAP
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Language: English
Issuer: Schaltbau Holding AG
Hollerithstraße 5
81829 München
Deutschland
Phone: 089 - 93005 0
Fax: 089 - 93005 350
E-mail: schaltbau@schaltbau.de
Internet: www.schaltbau.de
ISIN: DE0007170300, DE000A0D66Z2, DE000A0TFWY1
WKN: 717030, A0D66Z2, A0TFWY1
Listed: Regulierter Markt in Frankfurt (Prime Standard), München;
Freiverkehr in Berlin, Stuttgart, Düsseldorf
End of News DGAP News-Service
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(END) Dow Jones Newswires March 09, 2009 10:34 ET (14:34 GMT) |
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