Announcement of Mid-Term Targets through 2016 – Confirmation of 2014 Forecast

AD HOC RELEASE according to § 15 WpHG

As part of the publication of the results of the first quarter of 2014, R. STAHL is announcing mid-term targets for the period through 2016 for the first time. In light of the record level of order intake in the first quarter 2014, the Company furthermore confirms its forecast for the current fiscal year.

During the current year, R. STAHL is implementing the third phase of its investment program, which amounts to a total of more than EUR 70 million for the period 2012 through 2014;  thereof about EUR 25 million are foreseen for 2014. The Company is therefore announcing its mid-term targets for the first time, which reflect expectations of the strategic investments and the resulting growth and profitability potential. R. STAHL aims to increase sales to EUR 380 million to EUR 390 million by the end of 2016. This represents an average annual sales growth (CAGR 2013-2016) of 7.7 % to 8.6 %. The EBITDA margin is expected to be in a range between 15 % and 16 %, the EBIT margin is expected to develop in a range between 11 % and 12 %.

In the first quarter of 2014, R. STAHL increased its order intake by 7.1 % to EUR 88.4 million compared to the previous year (EUR 82.6 million). Thus, new orders reached a record high in the first quarter. In light of the upward trend in order intakes and the positive dynamics in customer industries (especially oil and gas) and regions (particularly Asia/Pacific and the Americas), the Company confirms its forecast for the fiscal year 2014. R. STAHL aims at order intakes between EUR 325 million and EUR 335 million and at sales between EUR 315 million and EUR 325 million in the current fiscal year. Earnings growth will be influenced by the planned investments in 2014. Therefore, R. STAHL expects earnings before interest and taxes (EBIT) of between EUR 24 million and EUR 26 million for 2014.

In order to realize its objectives for 2014 as well as for 2016, R. STAHL will continue to pursue the key elements of its corporate strategy. These include: the accelerated development of innovative products and systems for explosion protection and the expansion of its presence in customer industries and growth regions. Moreover, the Company is constantly working to strengthen its position as a technology leader. In addition, R. STAHL is focusing on continuously improving efficiency through process improvement and cost optimization.

 

Contact:
R. STAHL AG 
Am Bahnhof 30, 74638 Waldenburg (Württ.)

Bernd Marx (CFO) 
Phone: +49 7942 943 1271

Nathalie Dirian (Investor Relations) 
Phone: +49 7942 943 1395

E-Mail: [email protected]