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SCHALTBAU HOLDING AG

(SLT)
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PRESS RELEASE: Schaltbau Holding AG: Broad agreement at the Annual General Meeting 2021

06/02/2021 | 08:40am EDT
DGAP-News: Schaltbau Holding AG / Key word(s): AGM/EGM 
Schaltbau Holding AG: Broad agreement at the Annual General Meeting 2021 
2021-06-02 / 14:39 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
Schaltbau Holding AG: Broad agreement at the Annual General Meeting 2021 
High shareholder attendance level - more than two thirds of share capital represented 
Compensation systems for Executive Board and Supervisory Board approved 
Members of Supervisory Board elected 
Stéphan Rambaud-Measson new Chairman of Supervisory Board 

Munich, 2 June 2021 - All of the proposals put forward by the representative bodies of Schaltbau Holding AG [ISIN DE000A2NBTL2] were adopted by a large majority at this year's AGM, which was again held digitally due to the ongoing COVID-19 pandemic. The acts of the Executive Board and the Supervisory Board during the fiscal year 2020 were ratified by over 90 per cent of the share capital represented at the meeting. The new compensation systems for the Executive Board and the Supervisory Board were approved by a majority of 86 per cent and 91.7 per cent respectively. In the periodic election of the Supervisory Board, Stéphane Rambaud-Measson, Sebastian Reppegather and Florian Martin Schuhbauer were elected to the Board for the first time and Prof. Thorsten Grenz was re-elected. In its constituent meeting, the Supervisory Board then voted Stéphan Rambaud-Measson as its new Chairman.

"We are very pleased with these high approval ratings. They are a strong sign of trust, which we greatly appreciate and which at the same time inspire us to continue working to achieve our corporate aims," said Dr Jürgen Brandes, CEO of Schaltbau Holding AG. At its peak, some 70 per cent of shareholders cast their votes on the various agenda items. All items on the agenda were approved by majorities of between 86 and 99.96 per cent of the share capital represented at the AGM.

The Executive Board took the AGM as an opportunity to again present its Strategy 2023 in greater detail. With the bolstering of its traditional Rail business, the expansion of its service offerings and the knowledge transfer of its high level of DC expertise to drive forward innovative applications in new, high-growth markets such as New Energy, New Industry and E-Mobility, revenue is expected to reach between EUR 750 and 800 million by 2026. Focusing strongly on the Group's financial performance, the EBIT margin as a percentage of revenue is expected to reach a high single-digit figure by that point.

The results of voting at the Annual General Meeting 2021 and all the accompanying documents are available on the Schaltbau Holding AG website (schaltbaugroup.com) in the Investor Relations section under Annual General Meeting. About the Schaltbau Group Schaltbau Holding AG (ISIN: DE000A2NBTL2) is listed in the Prime Standard segment of the regulated market of Deutsche Börse AG in Frankfurt am Main. With annual Group revenue in the region of EUR 500 million and around 3,000 employees, Schaltbau is an internationally leading supplier of systems and components in the field of transportation technology and the capital goods industry. With Pintsch, Bode, Schaltbau and SBRS as their core brands, Schaltbau Group companies develop a wide range of high-quality technologies and customer-specific technological solutions for rolling stock, rail infrastructure, passenger vehicles and commercial vehicles. As one of the few specialists for smart DC energy concepts, the Schaltbau Group is also a driver of innovation for the fast-growing markets of tomorrow such as New Mobility, New Energy and New Industry. To find out more about the Schaltbau Group, go to: https://schaltbaugroup.com Contact: Dr. Kai Holtmann Head of Investor Relations & Corporate Communications Schaltbau Holding AG Hollerithstrasse 5 81829 Munich Germany P +49 89 93005-209 investor@schaltbau.de -----------------------------------------------------------------------------------------------------------------------

2021-06-02 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de -----------------------------------------------------------------------------------------------------------------------

Language:     English 
Company:      Schaltbau Holding AG 
              Hollerithstraße 5 
              81829 Munich 
              Germany 
Phone:        +49 89 - 93005 - 209 
Fax:          +49 89 - 93005 - 398 
E-mail:       investor@schaltbau.de 
Internet:     www.schaltbaugroup.de 
ISIN:         DE000A2NBTL2 
WKN:          A2NBTL 
Indices:      Prime Standard 
Listed:       Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, 
              Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange 
EQS News ID:  1203739 
 
End of News   DGAP News Service 
=------------ 

1203739 2021-06-02

 
Image link: 
https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1203739&application_name=news 
 

(END) Dow Jones Newswires

June 02, 2021 08:39 ET (12:39 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
DEUTSCHE BÖRSE AG -0.83% 143.85 Delayed Quote.3.30%
DJ INDUSTRIAL 0.10% 34798 Delayed Quote.11.93%
SCHALTBAU HOLDING AG -0.56% 53.6 Delayed Quote.79.87%
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Analyst Recommendations on SCHALTBAU HOLDING AG
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Financials
Sales 2021 533 M 625 M 625 M
Net income 2021 16,5 M 19,4 M 19,4 M
Net Debt 2021 30,3 M 35,5 M 35,5 M
P/E ratio 2021 33,0x
Yield 2021 -
Capitalization 548 M 642 M 642 M
EV / Sales 2021 1,09x
EV / Sales 2022 1,01x
Nbr of Employees 2 910
Free-Float 66,4%
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 6
Last Close Price 53,60 €
Average target price 43,22 €
Spread / Average Target -19,4%
EPS Revisions
Managers and Directors
JŘrgen Brandes Chief Executive Officer
Steffen Munz Chief Financial Officer
StÚphane Michel Rambaud-Measson Chairman-Supervisory Board
Andreas Knitter Member-Supervisory Board
Herbert Treutinger Vice Chairman-Supervisory Board
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