DGAP-News: Schaltbau Holding AG / Key word(s): Preliminary Results/Forecast
After making good progress in 2018, a further tangible improvement in the operating result is expected in 2019
Munich (Germany), 20 February 2019. According to preliminary and unaudited figures, on the back of a continued good order situation, the Schaltbau Group's sales in fiscal year 2018 amounted to nearly EUR 480 million. The figure is adjusted for the contributions of the Sepsa Group, which has been put up for sale, and the industrial brakes business of the Pintsch Bubenzer Group, which was sold at the beginning of March 2018. Thus, organic sales are up around 11% vs. the previous year. On a preliminary basis, the operating result (EBIT) before exceptional items in 2018 came in at around 3% of sales, well in line with guidance, and is thus significantly higher than the figure of 0.5% of sales achieved in the previous year.
For the fiscal year 2019, the Schaltbau Group expects a further noticeable improvement in EBIT on the road back to achieving historical margins. This development is being driven primarily by noticeable growth in demand for door systems for both rolling stock and road vehicles, the latter mostly driven by new concepts in the field of electric shuttle buses. The growing use of decentralised energy concepts, energy storage systems and smart network control for emerging industries such as new energy, electromobility, DC industry and smart home in addition provides for above-average growth in components for DC power switching and charging technology. Further, the Schaltbau Group is expecting significant progress in establishing cost-optimised production structures and logistics processes.
In 2018, the Schaltbau Group rigorously adjusted its balance sheet risks, which led to significant non-operational one-off items driven by valuation adjustments, among other things. Most recently, the Group's subsidiary Alte Technologies S.L.U. was put up for sale on 18 February 2019, coming along with a one-off charge of around EUR 3 million for 2018. With this, the Executive Board believes that Schaltbau Group is well-positioned for the future, now also from an accounting perspective.
The audited results for the fiscal year ended 31 December 2018 and a more detailed forecast for 2019 will be published in the Annual Report 2018 on 2 April 2019.
20.02.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Company:||Schaltbau Holding AG|
|Phone:||+49 89 - 93005 - 209|
|Fax:||+49 89 - 93005 - 398|
|Listed:||Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate Exchange|
|End of News||DGAP News Service|