Schlatter Group in the first nine months of 2011

Further increase in order intake. Strong Swiss franc has a major impact on operating result.

Schlieren, November 23, 2011. The Schlatter Group posted another significant increase in order intake in the third quarter of 2011, which came in at CHF 103.2 million for the first nine months of the current financial year, up 27.4% on the prior-year period (CHF 81.0 million).

Due to the delayed impact on sales and the especially difficult currency situation in the third quarter, net sales for the first nine months of 2011 were down 5.7% on the same period of the previous year at CHF 87.5 million (CHF 92.9 million). The order backlog as of September 30, 2011 was CHF 54.3 million, a year-on-year increase of 47.6%.

Operating income (EBIT) of CHF –7.7 million includes an exceptional impairment with regard to capitalized development costs in the amount of CHF 1.5 million (prior-year period: EBIT of CHF 1.4 million or –3.2 million before the profit from the one-off sale of property of CHF 4.6 million). Net profit came in at CHF –7.9 million (CHF 1.7 million).

The Group continued to implement targeted operational measures with the aim of reducing costs and currency risk in light of the challenging market environment. In order to strengthen its equity capital base and enhance financial flexibility with a view to extending its market position, Schlatter Holding AG will carry out the capital increase announced on October 24, 2011.


The complete report for the first nine months of the 2011 financial year can be accessed on the Schlatter Group website (in German only):
http://www.schlattergroup.com/en/investor-relations/downloads/Q3B-2011_DE.pdf


Note to this media information

This media information and the quarterly report published on the Schlatter Holding AG website is based on extraordinarily published information relating to the third quarter and/or the period from January to September 2011. Half-yearly reporting will remain in place in future.