DGAP-Ad hoc: Schaltbau Holding AG

DGAP-Adhoc: Schaltbau Group keeps dividend stable and forecasts earnings increase for 2016

Schaltbau Holding AG / Key word(s): Final Results/Forecast

10.03.2016 18:30

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

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Schaltbau Group keeps dividend stable and forecasts earnings increase for 2016

Munich, 10 March 2016 - According to preliminary figures, the Schaltbau Group ended the fiscal year 2015 with 16 per cent sales growth to total EUR 496.7 million and an EBIT that rose by 34 per cent to EUR 36.5 million. The improvement in earnings was achieved despite further negative factors coming from the Platform Screen Doors product group, the field of transportation technology, purchase price allocations and a further loss reported by Spanish entity ALTE. By contrast, door systems, brake systems and international business with components performed very well. As expected, earnings per share amounted to a preliminary figure of EUR 2.90, well below the record achieved one year earlier (EUR 4.04), which was, however, strongly influenced by a valuation gain of EUR 12.4 million due to the revaluation of the shareholding in RAWAG. In 2015, the result from investments includes a significantly smaller valuation gain of around EUR 2.5 million, due to the changed consolidation status of the UK-based entity Rail Door Solutions. The Spanish Albatros Group continues to be consolidated at 31 December 2015 using the equity method.

A proposal will be made to the Annual General Meeting to be held on 14 June 2016 to pay a dividend of EUR 1.00 per share, identical to the previous year. Annual net profit for Schaltbau Holding AG in 2015 amounted to approximately EUR 0.5 million, particularly due to the transfer of losses under the profit-and-loss transfer agreement existing with Pintsch Bamag. For this reason, some of the Group's revenue reserves will be used to pay the dividend, which will be replenished in the fiscal year 2016.

In 2016, the Schaltbau Group is targeting sales and earnings growth of over 10 per cent. Sales are forecast to reach EUR 550 million and EBIT should come in at 41.5 million, which is intended to maintain the EBIT margin at a stable level, despite further negative factors arising from the Platform Screen Doors project and from purchase price allocations. Earnings per share are therefore expected to reach at least EUR 3.50.

10.03.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de

--------------------------------------------------------------------------- Language: English Company: Schaltbau Holding AG Hollerithstraße 5 81829 Munich Germany Phone: 089 - 93005 - 209 Fax: 089 - 93005 - 318 E-mail: bloch@schaltbau.de Internet: www.schaltbau.de ISIN: DE0007170300 WKN: 717030 Indices: SDAX Listed: Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------