Brief: Schaltbau Holding Puts Alte Technologies S.L.U. Up For Sale

Schaltbau Holding AG

18/02/2019 17:13

Feb 18 (Reuters) - Schaltbau Holding AG  SLTG.DE :
    * DGAP-ADHOC: SCHALTBAU HOLDING AG: SCHALTBAU PUTS ALTE TECHNOLOGIES S.L.U. UP FOR SALE
    * WHILE ACHIEVING REVENUES OF LESS THAN EUR 25 MILLION IN 2018, ALTE CONTRIBUTED SIGNIFICANT
LOSS
TO GROUP RESULT
    * INTENDS TO FOCUS RESOURCES OF SCHALTBAU ON MATERIAL GROUP COMPANIES
    * IN FUTURE, ALTE WILL BE ACCOUNTED FOR AS "DISPOSAL GROUP" ACCORDING TO IFRS 5
    * ON GROUP LEVEL, THIS TO RESULT IN AN ADDITIONAL NON-OPERATIONAL NEGATIVE EFFECT OF AROUND
EUR 3
MILLION
    * UNCONSOLIDATED ANNUAL ACCOUNTS OF SCHALTBAU HOLDING WILL SHOW AN ANNUAL LOSS OF AROUND EUR
23
MILLION

Source text for Eikon:  ID:nEQbkb622a 
Further company coverage:  SLTG.DE 

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