23.08.2010
Schaffner Group increases expectations for the 2009/10 fiscal year

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Schaffner Group increases expectations for the 2009/10 fiscal year

Sustained high order volume – sales and earnings above guidance expected

Following a good first half year, the Schaffner Group continues to post a consistently high level of incoming orders in the second half of 2009/10. Sales are trending upwards in the Asia Pacific region and the photovoltaics market in particular. Signs of a recovery in demand in the Schaffner Group’s traditional markets such as the machine tools and robotics sector are also emerging.

The company’s management assumes that if the positive trend continues, its previous expectations for the 2009/10 fiscal year (as at September 30) will be exceeded. Assuming that exchange rates remain basically stable, the Schaffner Group expects consolidated net sales of between CHF 180 million and CHF 190 million (previous estimate: CHF 160 million to CHF 180 million) and an EBIT margin of 7 to 8 percent (5% to 7%).

Luterbach, August 23, 2010

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