R. Stahl AG / Key word(s): Forecast
08.05.2014 08:17
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.
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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.
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Information and Explaination of the Issuer to this News:
For further 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
e-mail: [email protected]
08.05.2014 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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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
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