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Schaffner Holding AG

Schaffer Group second quarter 2004/2005 - Business trend influenced by economic slowdown

The Schaffner Group posted sales of CHF 79.3 million in the first
half of fiscal 2004/2005 (first half of 2003/2004: CHF 86.2 million).
Order intake fell from CHF 93.6 million to CHF 88.4 million. The
book-to-bill ratio after six months was 1.11 (fiscal 2003/2004:
1.08). Sales rose 17.7% quarter-on-quarter in the second quarter of
2004/2005 to CHF 42.9 million, while order intake for the quarter
totaled CHF 40.8 million (down 14.3% quarter-on-quarter). The
Schaffner Group will publish its full half-year results on May 12,
2005.
The Components business posted half-year sales of CHF 58.5 million
(second half of 2003/2004: CHF 59.6 million) and order intake of CHF
66.5 million (CHF 68.1 million). In the Test Systems business,
meanwhile, sales were CHF 20.8 million (CHF 26.6 million) and order
intake CHF 21.9 million (CHF 25.5 million).
Components sales in the second quarter showed a quarter-on-quarter
increase, rising 21.5% to CHF 32.1 million, but failed to match the
record figure of CHF 35.1 million achieved in the second quarter of
2003/2004. Order intake was CHF 31.2 million, down from CHF 36.4
million. Test Systems posted sales of CHF 10.8 million (CHF 14.4
million) and order intake of CHF 9.6 million (CHF 12.1 million) for
the second 
quarter.
Comparing these results against the superior year-back figures, it
is clear that the economic slowdown has depressed demand over the
past few months. Since market visibility is once again poor, it makes
little sense to forecast the business trend going forward. However,
Schaffner is confident that the second half, which is traditionally
stronger, will bring improve-ments in both sales and orders.

Contact:

Fritz Gantert
President & Chief Executive Officer
Tel.: +41/32/681'66'02
E-Mail: fgantert@schaffner.com

Martin Zwyssig
Executive Vice President & Chief Financial Officer
Tel.: +41/32/681'66'08
E-Mail: mzwyssig@schaffner.com

Schaffner Holding AG
4542 Luterbach
Tel.: +41/32/681'66'26
Fax: +41/32/681'66'30
Internet: www.schaffner.com

Weitere Storys: Schaffner Holding AG
Weitere Storys: Schaffner Holding AG
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