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Schaffner Holding AG

Schaffner Group reports steady rise in sales - Strong growth driven by the market sectors renewable energy and motor drives

Luterbach (ots) The Schaffner Group increased net sales in
continuing operations in fiscal 2006/2007 by 23.6% to CHF 170.3
million (2005/2006: CHF 137.8 million). Adjusted for currency
effects, this represents an increase of 20.3%. Order intake grew by
23.3% to CHF 174.3 million (CHF 141.4 million), corresponding to a
book-to-bill ratio of 1.02 (1.03). Including its Test Systems
business, which was fully divested at the end of April 2007, the
Schaffner Group posted net sales of CHF 186.1 million (CHF 184.0
million) in fiscal 2006/2007, while order intake amounted to CHF
188.0 million (CHF 188.5 million). Given the steady increase in sales
and systematic cost management, Schaffner management expects to
achieve the published target EBIT margin of around 6%.
In fiscal 2006/2007, the Schaffner Group achieved 5.0% organic
growth in sales in continuing operations and a 3.7% increase in
orders. This positive trend is largely attributable to dynamic growth
in Asia coupled with robust demand in Europe. In the eleven months
since its integration, Schaffner Jacke GmbH, consolidated as of
November 2006, contributed CHF 25.9 million to the sales of the
Schaffner Group and CHF 27.4 million to order intake - an increase in
comparable sales of around 45% on the year before.
Compared with the same quarter of the previous year, the Schaffner
Group increased net sales in continuing operations by 22.4% to CHF
44.6 million in the fourth quarter of 2006/2007 (4th quarter
2005/2006: CHF 36.5 million). Order intake rose by 14.5% to CHF 39.0
million (CHF 34.0 million).
The robust increase in demand from customers in the renewable
energy sector (wind, photovoltaics) and electronic motor controls
(motor drives) segments, accounting for just a third of sales in
fiscal 2006/2007, has had a strong impact on the dynamic growth of
the Schaffner Group. The Group is therefore on course to participate
in the environmental and economic trend towards efficient use of
electrical power and to achieve sustainable growth.
Calendar
December 6, 2007 Publication of Annual Report 2006/2007
   January 16, 2008 Annual General Meeting of Shareholders
Schaffner - safety for electronic systems
Schaffner is the international leader in electromagnetic
compatibility (EMC) and power quality (PQ), focusing on high-growth
sectors such as aerospace, automotive industry, building automation,
consumer goods, industrial electronics, medical technology, power
supplies, renewable energy, transportation and telecommunications.
Schaffner develops, produces, and markets standard and
customer-specific components and modules. Schaffner continually
strives to secure and expand its leading position through a program
of innovation, customer-focused logistics, cost-efficient practices
and a constant drive for quality.
This media information including the key figures can be downloaded
as PDF from:
http://www.newsbox.ch/public/13833/att/15320_sahnmiqe.pdf

Kontakt:

Alexander Hagemann
Chief Executive Officer
Tel.: +41/32/681'66'06
E-Mail: alexander.hagemann@schaffner.com

Dr. Martin Zwyssig
Chief Financial Officer
Tel.: +41/32/681'66'08
E-Mail: martin.zwyssig@schaffner.com

Schaffner Holding AG
Nordstrasse 11
CH-4542 Luterbach
Tel.: +41/32/681'66'26
Fax: +41/32/681'66'30
Internet: www.schaffner.ch

Plus de actualités: Schaffner Holding AG
Plus de actualités: Schaffner Holding AG