Schaltbau Holding AG back on track for growth - Supervisory Board election upcoming

Munich, 18 May 2021 - Schaltbau Holding AG [ISIN DE000A2NBTL2] is holding periodic Supervisory Board elections at its Annual General Meeting on 28 May 2021. Supervisory Board Chairman Dr Hans Fechner, who will not be standing for re-election, sees the Schaltbau Group as being firmly on course for continued growth going forward.

"After some difficult years and despite the corona crisis, Schaltbau is back with renewed strength - as the latest quarterly figures show. The target set by policymakers of achieving climate neutrality by 2045 opens up excellent market opportunities for Schaltbau in the fields of e-mobility and the energy- and hydrogen-driven economy of the future," said Dr Hans Fechner, Chairman of the Supervisory Board of Schaltbau Holding AG.

"I would like to take this positive development as an opportunity to thank my colleagues on the Supervisory Board and the Executive Board for the valuable, productive teamwork over the past three challenging years," Dr Fechner continued. "Schaltbau is now extremely well positioned and, following the successful bond issue, can make the most of the opportunities presented by the emerging socio-political shift towards climate protection and the declared aim of climate neutrality."

The members of the Schaltbau Executive Board also wish to thank the current members of the Supervisory Board for the confidence placed in them, for the consistently constructive corporate dialogue and also for their tremendous support in framing Strategy 2023.

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