Brief: Germany's Schaltbau Group cuts 2016 earnings target

Schaltbau Holding AG

05/09/2016 20:46

Sept 5 (Reuters) - Schaltbau  SLTG.DE  
    * adhoc: schaltbau group revises earnings target for 2016 
    * Schaltbau group revises earnings target for 2016 
    * For fiscal year 2016, schaltbau group therefore now 
expects profit before financial result and taxes to total 
approximately eur 21 million (previously: eur 41.5 million 
    * 2016 group net profit expected of approximately eur 11 
million (previously: eur 27.3 million) and earnings per share of 
around eur 0.80 (previously eur 3.50) 
    * 2016 sales target remains unchanged at eur 530 million 
 
Source text for Eikon:  ID:nEQ7RkF6Ga  
Further company coverage:  SLTG.DE  
 
 (Frankfurt Newsroom) 
 ((Frankfurt.newsroom@thomsonreuters.com; +49 7565 1272;))