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DGAP-News Schaltbau Holding AG makes good start to fiscal year 2021 with significantly improved profitability

Nachrichtenquelle: EQS Group AG
29.04.2021, 07:00  |  124   |   |   

DGAP-News: Schaltbau Holding AG / Key word(s): Interim Report
Schaltbau Holding AG makes good start to fiscal year 2021 with significantly improved profitability

29.04.2021 / 07:00
The issuer is solely responsible for the content of this announcement.


Schaltbau Holding AG makes good start to fiscal year 2021 with significantly improved profitability

Group revenue +4% to EUR 124.2 million (3M 2020: EUR 119.6 million)
Focus on financial performance already having impact: EBIT +59% to EUR 6.1 million (3M 2020: EUR 3.9 million), EBIT margin +1.7 pp to 4.9% (3M 2020: 3.2%)
Group net profit +120.3% to EUR 3.8 million (3M 2020: EUR 1.7 million)
Strong order intake growth in new target markets of New Energy and New Industry
Guidance for 2021 confirmed

 

Munich, 29 April 2021 - Schaltbau Holding AG [ISIN DE000A2NBTL2] has made a good start to fiscal year 2021 and significantly boosted its profitability. Although order intake at EUR 136.5 million was slightly below the previous year's figure (3M 2020: EUR 143.2 million) due to typical fluctuations in project-related business, Group revenue grew by 4% to EUR 124.2 million (3M 2020: EUR 119.6 million). Moreover, the focus on financial performance is paying off, as EBIT improved significantly by 59% to EUR 6.1 million (3M 2020: EUR 3.9 million). The EBIT margin increased by 1.7 percentage points to 4.9% (3M 2020: 3.2%). Group net profit more than doubled to EUR 3.8 million (3M 2020: EUR 1.7 million). The expansion of business with direct current (DC) components and applications into new, high-growth markets such as New Energy / New Industry is also gaining momentum. Order intake in this area rose by 32%. In view of the good start to the new fiscal year, Schaltbau confirms its guidance for 2021 with order intake of EUR 550-580 million, revenue of EUR 520-540 million and an EBIT margin of approx. 5%.

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DGAP-News Schaltbau Holding AG makes good start to fiscal year 2021 with significantly improved profitability DGAP-News: Schaltbau Holding AG / Key word(s): Interim Report Schaltbau Holding AG makes good start to fiscal year 2021 with significantly improved profitability 29.04.2021 / 07:00 The issuer is solely responsible for the content of this …

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