Schaffner Group sells Swiss properties: Espace Real Estate acquires Schaffner properties in Luterbach
Luterbach (ots)
The Schaffner Group (SWX Swiss Exchange: SAHN) has sold its Swiss properties at the company's headquarters in Luterbach to the real estate investment company Espace Real Estate AG, Bienne (www.ere.ch). Schaffner's decision to sell its entire real estate holdings came after sales negotiations for properties not essential to operations had revealed that this would prove to be a better overall solution. At the same time, the Schaffner Group signed a long-term lease agreement for its operational headquarters as well as its development and production facilities in Luterbach. According to Martin Zwyssig, Chief Financial Officer of the Schaffner Group, the sale of the Group's Swiss properties is expected to influence the Schaffner Group's 2005/2006 net profit by an amount in the single-digit millions.
Calendar
November 3, 2006 Publication of fourth quarter 2005/2006 net sales
and order intakeDecember 7, 2006 Publication of Annual Report 2005/2006
(presentation)January 16, 2007 Publication of first quarter 2006/2007 net sales
and order intakeJanuary 17, 2007 Annual General Meeting of Shareholders
Schaffner - safety for electronic systems
Schaffner is the international leader in electromagnetic compatibility (EMC), focusing on high-growth sectors such as the automotive industry, building automation, industrial electronics, consumer goods, aerospace, medical technology, power supplies, telecommunications, transportation, and the public sector. Schaffner develops, produces, and markets standard and customer-specific components, modules, test systems, and test facilities. Schaffner strives to secure and expand its leading position through a program of innovation, customer-focused logistics, and cost-efficient practices.
Contact:
Hans Hess
Delegate of the Board of Directors
Tel. T +41/32/681'66'06
E-Mail: hans.hess@schaffner.com
Martin Zwyssig
Executive Vice President & Chief Financial Officer
Tel. +41/32/681'66'08
E-Mail: martin.zwyssig@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