R. STAHL AG updates the forecast for the current fiscal year

R. STAHL AG updates the forecast for the current fiscal year Waldenburg, 08 April 2014 - After the first

R. Stahl AG / Key word(s): Change in Forecast

 

08.04.2014 17:07

 

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted

by DGAP - a company of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

 

---------------------------------------------------------------------------

 

R. STAHL AG updates the forecast for the current fiscal year

 

Waldenburg, 08 April 2014 - After the first quarter of 2014, the Executive

Board of R. STAHL AG decided to adjust the sales forecast for the current

fiscal year. As delays in project business still weakened order intake in

the fourth quarter of 2013, R. STAHL achieved sales revenues of about EUR

68 million in the first quarter of 2014, and thus below the own

expectations. Despite a record order intake during the first three months,

the group will not be able to completely balance the weak first quarter in

the course of the year. Instead of growth in sales of 6% to 7%, the

Executive Board currently expects growth between 3.5% and 6.8% for this

year, or revenues amounting to EUR 315 million to EUR 325 million,

respectively. The group's international expansion programme led to higher

fixed costs, which still restrict profitability until full capacity

utilization will be achieved. Furthermore, there is the risk that exchange

rate developments will slow down results. In regard to EBIT, we therefore

currently anticipate results between EUR 24 million and EUR 26 million for

2014; an amount that will be on previous year's level.

 

Based on the high order intake that amounts to about EUR 88 million in the

first quarter of 2014, the Executive Board anticipates realization of the

aspired increase in order intake and continuation of growth in the current

fiscal year and beyond. That is why R. STAHL will implement the investments

for capacity expansion, which have been planned for 2014, as scheduled.

 

 

---------------------------------------------------------------------------

 

Information and Explaination of the Issuer to this News:

 

For more information:

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

 

Frank Schwarz (Investor Relations)

Phone: +49 611 1745-39 811

 

e-mail: [email protected]

 

08.04.2014 DGAP's Distribution Services include Regulatory Announcements,

Financial/Corporate News and Press Releases.

Media archive at www.dgap-medientreff.de and www.dgap.de

 

---------------------------------------------------------------------------

 

Language: English

Company: R. Stahl AG

Am Bahnhof 30

74638 Waldenburg

Germany

Phone: +49 (7942) 943-0

Fax: +49 (7942) 943-4333

E-mail: [email protected]

Internet: www.stahl.de

ISIN: DE000A1PHBB5

WKN: A1PHBB

Listed: Regulierter Markt in Frankfurt (Prime Standard), Stuttgart;

Freiverkehr in Berlin, Düsseldorf, Hamburg, München

 

End of Announcement DGAP News-Service

 

---------------------------------------------------------------------------