Schering Deutschland GmbH

euro adhoc: Schering AG
Earnings Forecast
Schering AG expects significantly higher earnings for 2004

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20.01.2005

Schering AG (FSE: SCH, NYSE: SHR) announced today that earnings for fiscal year 2004 are expected to be well above previous estimates. On the basis of preliminary figures, the company now expects earnings per share to be approximately 2.60 EUR. Schering had forecasted earnings per share of over 2.35 EUR.

The expected higher earnings result from an improved operating profit as well as positive one-time effects, in particular with regard to income taxes. Charges for restructuring measures have been accounted for as expected.

"Our preliminary figures indicate that earnings per share will be well above our previous projections", said Dr. Joerg Spiekerkoetter, Executive Board member responsible for Finance and Personnel, Schering AG. "We are well on our way to reaching our goal of an operating margin of 18% by 2006."

"These figures reflect first achievements of our FOCUS-Initiative", said Dr. Hubertus Erlen, Chairman of the Executive Board of Schering AG. " They are the result of the huge committment of our employees and demonstrate that we are determined to realize our goals."

Schering will publish its preliminary results for 2004 on February 9, 2005.

end of announcement                                euro adhoc 20.01.2005 15:24:53
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Further inquiry note: Oliver Renner Head Corporate Business Communication Tel.:  +49 (0)30 468 12431 Fax: +49 (0)30 468 16646 E-Mail: oliver.renner@schering.de

Branche: Pharmaceuticals
ISIN:      DE0007172009
WKN:        717200
Index:    DAX, Prime Standard, CDAX, HDAX, Prime All Share
Börsen:  Baden-Württembergische Wertpapierbörse / regulated dealing
              SWX Swiss Exchange / regulated dealing
              Niedersächsische Börse zu Hannover / regulated dealing
              New York / ADR
              Berliner Wertpapierbörse / official dealing
              Hamburger Wertpapierbörse / official dealing
              Frankfurter Wertpapierbörse / official dealing
              Börse Düsseldorf / official dealing
              Bayerische Börse / official dealing
              Bremer Wertpapierbörse (BWB) / official dealing



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