The effect for the full financial year from these adapted valuations amounts to about EUR ‑28 mill in the Group accounts; thereof, about EUR ‑12 mill are already contained in the quarterly financials as of September 30, 2017. These non-operative one-offs affect EBIT, yet are not cash-relevant.
On the level of the separate financial accounts of Schaltbau Holding AG, the changes in valuation will lead to impairments of around EUR 35 mill.
Impacts from the intended divestiture of Schaltbau Sepsa on other operating Group companies are limited, given that Schaltbau Sepsa has belonged to Schaltbau Group only for a short time, and there are practically no interrelations. Schaltbau Sepsa itself is not affected by these valuation changes on Group level.
The publication of the Group Quarterly Statement as at September 30, 2017 on www.schaltbau.de will now take place on November 21, 2017. The postponement of the publication date from initially November 16, 2017 is necessary in order to account for the mentioned facts in the accounting for the Group Quarterly Statement. Pertinently adjusted guidance for business year 2017 will also be published on November 21, 2017.
Operatively, the Schaltbau Group expects a positive development for the fourth quarter of 2017 and for 2018 based on a high order intake and strong order book.
Schaltbau GmbH
Hollerithstraße 5
81829 München
Telefon: +49 (89) 93005-0
Telefax: +49 (89) 93005-350
http://www.schaltbau-gmbh.de
Head of IR and Corporate Communications
Telefon: +49 (89) 93005-209
Fax: +49 (89) 93005-318
E-Mail: schunck@schaltbau.de