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Schaffner Holding AG

Schaffner Group focuses on global components business

Luterbach (ots)

The Schaffner Group (SWX Swiss Exchange: SAHN)
will focus on the global business with components and modules for
ensuring the efficient functioning of electrical and electronic
devices. All resources are systematically geared towards the
Components business, which is profitable over the long term and has
to date accounted for two-thirds of group sales on average. The
business has potential for ongoing internal and external growth as
well as offering sustainable earnings increases. After carefully
weighing up all the options, the Board of Directors of Schaffner
Holding AG has decided to seek an adequate industrial buyer for its
Test Systems business. A new owner should ensure the successful
further development of the Test Systems activities which the
Schaffner Group has restructured and realigned over the past few
years. Of the Group's 2,000 full-time equivalents, approximately 10%
are currently in the Test Systems business, with 10 of these in
Switzerland. Other key locations are Germany, the UK, China, Japan,
and the USA.
Margins stabilized in third quarter
In the third quarter of 2004/2005, Schaffner Group's net sales
totalled CHF 41.8 million (3Q 2003/2004: CHF 43.1 million). The
consolidated order intake stood at CHF 42.4 million (CHF 45.7
million). The Components business posted net sales of CHF 30.3
million (CHF 32.5 million) and order intake of CHF 30.7 million (CHF
31.4 million). In the Test Systems business net sales was CHF 11.5
million (CHF 10.6 million) in the third quarter and order intake was
CHF 11.7 million (CHF 14.4 million). After nine months, the Group's
cumulative net sales had fallen 6.4% year-on-year to CHF 121.1
million (2003/2004: CHF 129.3 million), largely due to the cautious
market situation, and so order intake was down 6.2% to CHF 130.8
million (CHF 139.4 million) accordingly. The book-to-bill-ratio after
three quarters stood at 1.08. Components cumulative net sales was CHF
88.8 million (CHF 92.1 million). Order intake was CHF 97.2 million,
down from CHF 99.5 million. Test Systems posted cumulative sales of
CHF 32.3 million (CHF 37.2 million) and order intake of CHF 33.6
million (CHF 39.9 million) after nine months. During the past three
months, structures and costs have been systematically brought more
into line with the changing demand. The margins in the Components
business have been stabilized and even expanded slightly for the Test
Systems business.
Cost of selling Test Systems business primarily accrues to fiscal
year 2004/2005
The Board of Directors and Management are pushing ahead with the
sale of the Test Systems business. As matters stand, a substantial
proportion of the extraordinary costs from the sale is expected to
accrue to the current financial year and may influence the financial
statements for 2004/2005.
This media information is available at www.schaffner.com

Contact:

Fritz Gantert
President & Chief Executive Officer
Tel. +41/32/681'66'02
E-Mail: fgantert@schaffner.com

Martin Zwyssig
Executive Vice President & Chief Financial Officer
Tel. +41/32/681'66'08
E-Mail: mzwyssig@schaffner.com

Schaffner Holding AG, CH-4542 Luterbach
Tel. +41/32/681'66'26
Fax +41/32/681'66'30
Internet: http://www.schaffner.com

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