DGAP-News: Schaltbau Group reports sharp increases in six-month sales and earnings
(firmenpresse) - DGAP-News: Schaltbau Holding AG / Key word(s): Half Year Results
Schaltbau Group reports sharp increases in six-month sales and
earnings
25.07.2013 / 09:22
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Schaltbau Group reports sharp increases in six-month sales and earnings
- Growth rate maintained: order intake (+5.7%) and sales (+10.0%) rise
significantly
- EBIT jumps to EUR 17.6 million (+26.2%); earnings per share rise to EUR
1.71
- Stage set for future growth: major capacity expansion in all segments
Munich, 25 July 2013 - In the second quarter 2013 the Schaltbau Group
successfully maintained the brisk rate of growth seen during the first
three months and further consolidated its market position as a leading
system supplier for both rail and road transportation applications.
According to preliminary figures, at EUR 193.7 million, sales were 10.0% up
on the first half of 2012 (EUR 176.1 million). Profit from operating
activities (EBIT) rose by 26.2% to EUR 17.6 million and therefore far more
strongly than revenues. The improvement in order intake to EUR 213.4
million (2012: EUR 201.8 million) is primarily due to growing order volumes
in North America, Central and Eastern Europe and Asia. Compared to the
figure reported at 31 December 2012 (EUR 229.8 million), the order book for
the six-month period grew by 8.3% to EUR 248.8 million, ensuring good sales
performance for the future.
The Mobile Transportation Technology segment profited mainly from higher
sales volume in Door Systems for Railway Vehicles, which jumped
dramatically by almost 50%. In the Stationary Transportation Technology
segment, slightly lower sales volumes in the Rail Infrastructure business
field caused by invoice timing factors was offset by strong growth in the
field of Brake Systems. The Components segment still managed to surpass the
half-year figures of the previous year, despite slightly less impetus in
the second quarter. The main reason for the slower pace was an investment
backlog in the Chinese rail sector.
The higher earnings were partly attributable to sales growth, but also to
the more favourable cost of materials ratio, firstly due to reductions in
the prices of raw materials and secondly to an improved product mix. 'With
an EBIT margin of a good nine per cent, we are well positioned in
comparison to competitors,' Executive Board Spokesman Dr Jürgen H. Cammann
stated. Group net profit for the six-month period rose from EUR 9.8 million
in 2012 to EUR 12.5 million and earnings per share climbed from EUR 1.29 to
EUR 1.71.
The stable financial situation of the Schaltbau Group forms a solid basis
for investment in growth, which is set to be intensified in the second half
of the year. 'We will not allow ourselves to be unsettled by short-term
market disruptions,' Dr Cammann continued. After enlarging production
facilities for brake systems during the first half of the year, funding has
now been approved for a new technology centre for door systems in Kassel
and the expansion of component production capacities at the Bavarian sites
of Velden and Aldersbach. More efficient manufacturing processes will also
help to cut costs at the same time.
The Group Interim Report as at 30 June 2013 will be published on 13 August.
End of Corporate News
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25.07.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: Schaltbau Holding AG
Hollerithstraße 5
81829 München
Germany
Phone: 089 - 93005 - 209
Fax: 089 - 93005 - 318
E-mail: bloch(at)schaltbau.de
Internet: www.schaltbau.de
ISIN: DE0007170300, DE000A0D66Z2,
WKN: 717030, A0D66Z2,
Indices: SDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), München;
Freiverkehr in Berlin, Düsseldorf, Stuttgart
End of News DGAP News-Service
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222799 25.07.2013
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Datum: 25.07.2013 - 09:22 Uhr
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