DGAP-News

Strong growth for Schaltbau Group in fourth quarter 2012

DGAP-News: Schaltbau Holding AG / Key word(s): Development of Sales
Strong growth for Schaltbau Group in fourth quarter 2012

17.01.2013 / 07:56

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Strong growth for Schaltbau Group in fourth quarter 2012

Munich, 17 January 2012 - The Schaltbau Group performed extremely well
during the final three months of 2012. Based on preliminary figures,
fourth-quarter group sales rose by 17.3% to EUR 96.2 million (Q4 2011: EUR
82.0 million), making it the year´s best quarter in revenue terms. Sales
for the twelve-month period increased by 14.2% to EUR 363.4 million (2011:
EUR 318.4 million), marginally higher than the most recent forecast for the
full year.

Dynamic growth was generated in the Stationary Transportation Technology
segment. This was aided in particular by the excellent fourth-quarter
performance of the Brake Systems business field which was impressively able
to continue the growth trend recorded in the first nine months of the year.
Full-year sales of the Rail Infrastructure business field were also sharply
up on the previous year. This included a major contribution from the
Pintsch-Tiefenbach Group -- consolidated for the first time since January
2012 -- which achieved its target for the year thanks to the planned high
level of sales in the final quarter. Even excluding the impact of this
change in the group reporting entity, however, the Rail Infrastructure
business field recorded good growth. The Components segment benefited in
particular from above-average sales figures in North America throughout the
year. Sharp growth within the Door Systems for Railway Vehicles product
group enabled the Mobile Transportation Technology segment to increase
sales slightly in 2012 compared to the high level recorded one year
earlier.

Order intake also developed well for the Schaltbau Group in the final
quarter of 2012. Based on preliminary figures, order intake during the
fourth quarter amounted to EUR 87.7 million, 27.7% up on the comparatively
low figure recorded one year earlier (Q4 2011: EUR 68.7 million). Order
intake for the full year increased by 8.6% to EUR 372.3 million (2011: EUR
342.8 million).

All segments recorded good growth rates in the final three months of 2012
compared to same quarter last year when order intake had fallen. The
Stationary Transportation Technology segment experienced brisk order intake
in the Brake Systems business field on the one hand and steady demand in
its Rail Infrastructure business field, the latter including order intake
for Pintsch-Tiefenbach Group for the first time. Fourth-quarter order