Ad-hoc-Announcement: Announcement of Mid-Term Targets through 2016 - Confirmation of 2014 Forecast

As part of the publication of the results of the first quarter of 2014, R. STAHL is announcing mid-term

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.




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.





Information and Explaination of the Issuer to this News:


For further information:


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]


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Language: English

Company: R. Stahl AG

Am Bahnhof 30

74638 Waldenburg


Phone: +49 (7942) 943-0

Fax: +49 (7942) 943-4333

E-mail: [email protected]




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

Freiverkehr in Berlin, Düsseldorf, Hamburg, München


End of Announcement DGAP News-Service