The 21th Annual General Meeting of R. STAHL AG, held in Neuenstein, Germany, today, has resolved a dividend payment of EUR 1.00 per share for fiscal year 2013, thus a constant payout compared to the previous year. The total dividend amount of EUR 5.8 million represents a payout ratio of 63.7 % of the balance sheet profit of EUR 9.1 million. The remaining amount of EUR 3.3 million will be carried forward to the new account. All items on the meeting agenda met with the unequivocal approval of the shareholders present.
CEO Martin Schomaker commented: "In fiscal year 2013 we successfully raised our cash flow. Thus our ambitious programme "investment for growth" could be financed through the funds generated by our operating activities. At the same time, we have sufficient financial flexibility to share our success with the shareholders of the Company by ways of a sustained attractive payout ratio."
In 2013 R. STAHL increased revenues by 4.6 % to EUR 304.4 million (previous year EUR 290.9 million) and reached a new record level. Earnings before interest and taxes (EBIT) were unchanged with EUR 24.9 million (EUR 24.9 million), net income for the year grew by 8.0% to EUR 15.4 million (EUR 14.3 million). As revenues and earnings were impacted by currency fluctuations, based on 2012 exchange rates, revenues for 2013 increased by 7.3%, with EBIT improving by 13.4% adjusted by currency effects.
"Since 2005, the contribution of systems business to overall revenues increased from one third to approximately one half. Combining own and bought in products with services, consulting and certification to complex systems solutions obviously provides added value to our customers. R. STAHL was pioneering the market of explosion protection with this approach, and today we are the no. 1 worldwide in the systems business," CFO Bernd Marx explained.
The shares of R. STAHL AG are traded on the Regulated Market/Prime Standard of Deutsche Boerse (ISIN DE000A1PHBB5).
Bernd Marx (CFO)
Nathalie Dirian (Investor Relations)
e-mail: [email protected]
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|Company:||R. Stahl AG|
|Am Bahnhof 30|
|Phone:||+49 (7942) 943-0|
|Fax:||+49 (7942) 943-4333|
|Listed:||Regulierter Markt in Frankfurt (Prime Standard), Stuttgart; Freiverkehr in Berlin, Düsseldorf, Hamburg, München|
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