2010 guidance increased - Strong performance in Q2
New price target of EUR 52
Schaltbau raises annual targets for 2010
Weak start in the first quarter - Catching up in the second quarter
Growth trend resuming 2011
Investmentstrategie
2010 – Setting the course - Forecasts for 2010 and 2011 lowered by 1.0% and 2.2% respectively
Dividend of EUR 0.50 plus bonus of EUR 0.20 per share
Solid results in 2009 - Still undervalued
Additional profit of EUR 0.8m due to disposal - Disposal of Beijing Bode, China
Slight earnings dip in 2010 due to preliminary expenditure
Operating performance stabilized - Still undervalued
2010 outlook cloudy – Earnings estimates reduced - Attractive in the long-term: Buy rating
Earnings guidance confirmed - Sales giudance lowered from EUR 280m to EUR 270m - Earnings guidance confirmed with an EPS of EUR 6.20
Weak industrial business expected - Q3 will be challenging
Q2/2009 under record levels of Q2/2008 – Guidance confirmed
2009 guidance confirmed
Weaker performance in Q2 but still solid - EBIT margin reached 7.6% in Q2
Guidance for 2009 confirmed - Schaltbau released good preliminary figures in light of the recession
Schaltbau is on the right track
Excellent start in 2009 - Strong performance in Q1
Schaltbau Holding AG - Despite a weak economic environment Q1/09 earnings improved
Increased earnings in Q1 - Q1 figures emphasizes guidance impressively
Solid performance in 2008 - Meeting expectations
Stable business in 2009 expected - Profiting from infrastructure investments
“Like a rock”: Railway technology
Excellent Q3 2008 results– Earnings stabilization expected in 2009
Moderate but solid outlook for 2009 - Strong performance in Q3 Guidance for 2008 revised upwards
Margin leaps to 9.8 % in Q2
Earnings momentum accelerates in Q2/08 – Bode restructuring bears fruit – Successful integration of Bubenzer
Another excellent quarter
2008 guidance raised, switch to Prime Standard
Ergebniswachstum hält an
Dynamic first quarter
Into the new fiscal year at an orderly pace
Strong performance will continue
Success in 2007
Schaltbau bestätigt positiven Wachstumstrend
Q3/07 meets positive expectations - additional growth for 2008 - targets increased
Schaltbau remains on a solid upward trend
H1 2007 with accelerated earnings dynamic - Acquisition strengthens Stationary Transportation Systems segment
Continuation of the solid upward trend
Erstes Quartal 2007 mit beschleunigtem Ergebnisanstieg
Ergebnisse 2006 im Rahmen der optimistischen Annahmen
3. Quartal 2006 wie erwartet - 2007 + 2008 mit dynamischer Ergebnisentwicklung - Kursziel angehoben
Valuation does not yet fully reflect the Company´s strong business performance
Halbjahresbericht bestätigt operativen Aufwärtstrend
2. Quartal 2006 bestätigt positiven Ergebnistrend - 2007 Beschleunigung der Ergebnisdynamik
1. Quartal 2006 mit deutlich besserem Ergebnis - Ausblick positiv
Auf dem richtigen Gleis
Ziele 2005 erreicht - Ausblick positiv
Zahlen in-line, weiterhin günstige Bewertung
Close the doors – the train will start
Restructuring story not yet fully priced in