euro adhoc: Schering AG
Earnings Forecast
Schering AG expects
significantly higher earnings for 2004
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
20.01.2005
Schering AG (FSE: SCH, NYSE: SHR) announced today that earnings for fiscal year 2004 are expected to be well above previous estimates. On the basis of preliminary figures, the company now expects earnings per share to be approximately 2.60 EUR. Schering had forecasted earnings per share of over 2.35 EUR.
The expected higher earnings result from an improved operating profit as well as positive one-time effects, in particular with regard to income taxes. Charges for restructuring measures have been accounted for as expected.
"Our preliminary figures indicate that earnings per share will be well above our previous projections", said Dr. Joerg Spiekerkoetter, Executive Board member responsible for Finance and Personnel, Schering AG. "We are well on our way to reaching our goal of an operating margin of 18% by 2006."
"These figures reflect first achievements of our FOCUS-Initiative", said Dr. Hubertus Erlen, Chairman of the Executive Board of Schering AG. " They are the result of the huge committment of our employees and demonstrate that we are determined to realize our goals."
Schering will publish its preliminary results for 2004 on February 9, 2005.
end of announcement euro adhoc 20.01.2005 15:24:53
Further inquiry note:
Oliver Renner
Head Corporate Business Communication
Tel.: +49 (0)30 468 12431
Fax: +49 (0)30 468 16646
E-Mail: oliver.renner@schering.de
Branche: Pharmaceuticals
ISIN: DE0007172009
WKN: 717200
Index: DAX, Prime Standard, CDAX, HDAX, Prime All Share
Börsen: Baden-Württembergische Wertpapierbörse / regulated dealing
SWX Swiss Exchange / regulated dealing
Niedersächsische Börse zu Hannover / regulated dealing
New York / ADR
Berliner Wertpapierbörse / official dealing
Hamburger Wertpapierbörse / official dealing
Frankfurter Wertpapierbörse / official dealing
Börse Düsseldorf / official dealing
Bayerische Börse / official dealing
Bremer Wertpapierbörse (BWB) / official dealing