euro adhoc: Schering AG / Earnings Forecast / Schering AG expects significantly higher earnings for 2004 (E)

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.

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

end of announcement euro adhoc

emitter: Schering AG
Müllerstrasse 178
D-13353 Berlin
phone: +49 (0)30 468 1111
FAX: +49 (0)30 468 15305
mail: investor.relations@schering.de
WWW: www.schering.de
ISIN: DE0007172009
indexes:
stockmarkets:
sector: Pharmaceuticals
language: English

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