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Schaltbau Holding AG: Schaltbau confirms guidance after loss in Q1 2017

12-May-2017 / 13:42 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Schaltbau confirms guidance after loss in Q1 2017
München (Germany), May 12, 2017. The Schaltbau Group
(WKN: 717030, ISIN: DE0007170300) concluded the first quarter of 2017 – according to preliminary figures now available – in the expected range with an EBIT figure of EUR -8,5 mill. (previous year: EUR +2,7 mill.), along with a decrease in revenues by 6.3 % to EUR 110,6 mill. The loss of the period of EUR -12.3 mill. (previous year EUR -2.6 mill.) also contains one-off expenses from the successful re-negotiation of financial debt. Due to the significant increase in order intake (+9.5 % compared to Q1 2016) and order book (+14.3 % compared to year-end 2016), the Schaltbau Group expects a sizeable increase in revenues and an improvement in earnings in the following quarters. Subject to a stable market development, the revenues goal of EUR 520-540 mill. and the intended EBIT-margin of 3 % to 4 % remain within reach.
The interim report (as stipulated by Exchange Rules “Börsenordnung FWB”) for the first quarter remains scheduled for publication on May 18.


Christian Schunck
Head of Investor Relations & Corporate Communications
Schaltbau Holding AG
Hollerithstraße 5
81829 München
T +49 89 93005 209

12-May-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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