Schaltbau Group revises forecast upwards for 2010

Munich, 14 July 2010 – After business performance exceeded previous expectations during the first half of the current year and in view of the good prospects for the coming six months, the Executive Board of Schaltbau Holding AG is upwardly revising its forecast for the fiscal year 2010. The positive performance is primarily attributable to a pleasing upturn in business, particularly in the Door Systems and Components business fields.

Accordingly the companies of the Group are now predicted to receive incoming orders totalling €286 million instead of the previously expected €275 million (2009: €251.7 million). Sales revenues are forecast to grow to €277 million, exceeding the previously estimated €270 million (2009: €269.8 million). The management predicts a corresponding further increase in earnings from operating activities (EBIT) to total €21.2 million instead of the previous forecast of €17.5 million (2009: €20.3 million) and growth in Group net profit to € 13.5 for 2010. The original prediction had been one of €11.6 million (2009: €14.1 million). These figures will boost the profit attributable to shareholders to €11.3 million, surpassing the planned €10.1 million (2009: €12.3 million). Earnings per share are therefore expected rise to €6.10 compared to the earlier forecast of €5.40 (2009: €6.62).

contact

Schaltbau Holding AG

Hollerithstraße 5
D-81829 München

Wolfdieter Bloch
Public Relations

Phone +49 (0)89/93005-209
Fax +49 (0)89/93005-318
bloch@schaltbau.de