DGAP-News: R. Stahl AG / Key word(s): Annual Results
R. STAHL publishes audited financial figures for 2018: significant improvement in key financials as earnings and financial position continues to be enhanced by rising sales and improved cost structures
In 2018, R. STAHL raised sales by 4.3 percent year on year to EUR 280.1 million (2017: EUR 268.5 million). Business in Germany performed particularly well with sales growth of 15.4 percent, or EUR 9.4 million, to EUR 70.3 million (2017: EUR 60.9 million). Sales in the Central region - comprising Africa and Europe without Germany - declined by 3.8 percent to EUR 116.1 million (2017: EUR 120.7 million). However, there was encouraging growth in the Americas region with year-on-year sales growth of 7.7 percent to EUR 31.2 million (2017: EUR 29.0 million). This was largely attributable to the realignment of the Group's US subsidiary, which was particularly successful in expanding business with clients in the chemical industry. In Asia, R. STAHL generated sales of EUR 62.5 million and thus also achieved year-on-year growth of 7.9 percent (2017: EUR 57.9 million).
Sales growth and productivity gains led to a significant rise in earnings before interest, taxes, depreciation and amortization (EBITDA) to EUR 9.5 million (2017: EUR 2.3 million). This had a corresponding impact on earnings before interest and taxes (EBIT), which improved by EUR 6.5 million to EUR -4.2 million (2017: EUR -10.7 million). There was similarly encouraging progress in EBITDA pre exceptionals, which more than doubled year on year to EUR 15.2 million (2017: EUR 5.8 million). Net profit of EUR -7.0 million was improved by EUR 14.2 million (2017: EUR -21.2 million), while earnings per share rose to EUR -1.10 (2017: EUR -3.28).
As of 31 December 2018, net debt was further reduced to EUR 5.5 million. The net debt ratio (net debt/EBITDA) amounted to 0.58 as at year-end 2018. "As a result, R. STAHL created a healthy capital structure once again in the past financial year," stated Chief Financial Officer Volker Walprecht. Despite the net loss for the year, the equity ratio of 27.3 percent remained virtually unchanged (2017: 27.7 percent).
Guidance for 2019
We are very solidly positioned with regard to our financial position and performance. Moreover, our efficiency programme R. STAHL 2020 continues to progress as planned. We expect the continued implementation of our measures to result in a further increase in profitability. The presupposes consistently robust demand in our main markets and stable sales growth.
1) Africa and Europe without Germany
2) Exceptionals: restructuring charges, non-scheduled depreciation and amortization, charges for designing and implementing IT projects, M&A costs as well as profit and loss from the disposal of assets no longer required for business operations.
3) Payments for investments in intangible assets and property, plant and equipment
4) Without pension provisions
5) Without apprentices
The Chief Executive Officer, Dr. Mathias Hallmann, and the Chief Financial Officer of R. STAHL AG, Volker Walprecht, will explain the results of the financial year 2018 during an investors' and analysts' conference call at 10 am today and subsequently be available for questions and discussions. The investors' and analysts' conference call will be held in English.
To participate, please dial the following phone number at the time indicated and enter the participant PIN, together with your first and last name and the name of your company, when requested:
During the conference call, we will be displaying the corresponding presentation slides online. Please log in to the following website (no password required):
A recording of the conference call will be subsequently available on the corporate website at:
R. STAHL is the world's leading supplier of electrical and electronic products and systems for explosion protection. These products and systems prevent explosions in hazardous areas and contribute to the safety of people, machines and the environment. The portfolio ranges from products used in switching/distributing, installing, operating/monitoring, lighting and signalling/alarming up to automation. Typical customers operate in growth industries, such as the oil & gas industry, the chemical and pharmaceutical industry and the food industry. In 2018, sales amounting to around EUR 280 million were generated by 1,690 employees.
The shares of R. STAHL AG are traded on the Regulated Market/Prime Standard of Deutsche Boerse (ISIN DE000A1PHBB5).
|Company:||R. Stahl AG|
|Am Bahnhof 30|
|Phone:||+49 (7942) 943-0|
|Fax:||+49 (7942) 943-4333|
|Listed:||Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Tradegate Exchange|
|EQS News ID:||803445|
|End of News||DGAP News Service|