Starrag Group Holding AG announces group earnings results for the first quarter ended March 31, 2013. For the quarter, sales revenue was CHF 91.4 million against CHF 97.5 million in the same period a year ago. The main reason for this decrease is the lower order intake in the second half of 2012, which also had an effect on the financial position. Earnings before interest and taxes were CHF 3.5 million against CHF 5.0 million in the same period a year ago. Net income was CHF 2.8 million or CHF 0.82 per share against CHF 2.8 million or CHF 0.81 per share in the same period a year ago. Return on equity was 5.9. % against 6.3 % in the same period a year ago. Cash out flow from operating activities was CHF 9.1 million against CHF 0.1 million in the same period a year ago. Capital expenditure was CHF 1.8 million against CHF 2.6 million in the same period a year ago. Free cash out flow was CHF 10.9 million against CHF 2.7 million in the same period a year ago.

The company provided earnings guidance for full year 2013. Based on the order backlog which has once again significantly increased since the end of 2012, the company is assuming that there will be stable economic conditions throughout 2013, and that sales, order intake and results will exceed those of the previous year.