Schaltbau Group announces forecast for 2011
The Group is expecting the stable volume of railway business to continue in 2011. From a current perspective, the industrial components business is also likely to stabilise at a high level. At the same time the Brakes sector is predicted to gain in vitality, resulting in total sales revenue for the Group of around € 290 million and earnings from operating activities (EBIT) of € 23.5 million. Group net profit for the year is thus forecast at € 15.8 million and earnings per share at € 7.20 (undiluted).