DGAP-News: R. Stahl AG / Key word(s): Quarterly / Interim Statement
Waldenburg, May 9, 2019 - R. STAHL, leading supplier of products and systems for explosion protection, today publishes figures for the first quarter 2019.
R. STAHL achieved a slight year-on-year increase in sales revenue and a noticeable improvement in earnings in the first quarter of 2019.
"Our expectations of moderate market growth in the first three months of 2019 were confirmed," stated the R. STAHL's CEO, Dr. Mathias Hallmann. "Our efficiency enhancement programme is running according to plan, as shown by our earnings and financial position," added Dr. Hallmann.
Compared to the previous year, sales rose by 2.8 percent to EUR 67.5 million in the reporting period (Q1 2018: EUR 65.7 million). Whereas sales in Germany and the Central region - comprising Africa and Europe - were on a par with the previous year at EUR 16.2 million (Q1 2018: EUR 16.0 million) and EUR 29.5 million (Q1 2018: EUR 30.5 million), respectively, there was encouraging growth in the Americas and Asia regions to EUR 7.6 million (Q1 2018: EUR 6.5 million) and EUR 14.2 million (Q1 2018: EUR 12.7 million), respectively.
Sales growth and productivity gains resulted in a very strong increase in EBIT (earnings before interest and taxes) to EUR 1.0 million (Q1 2018: EUR -2.3 million). Earnings before taxes of
As of 31 March 2019, net debt was further reduced to EUR 2.6 million. At the end of the reporting period, the net debt ratio (net debt/EBITDA) amounted to 0.4. Free cash flow improved strongly to EUR 4.9 million (Q1 2018: EUR -4.9 million).
"We are closely monitoring the current geopolitical trends and trade conflicts. This could well lead to subdued market sentiment in individual sectors and it remains a challenging year," stated CFO Volker Walprecht.
Investors' and analysts' conference call of R. STAHL AG for Q1 2019
The Chief Executive Officer, Dr. Mathias Hallmann, and the Chief Financial Officer of R. STAHL AG, Volker Walprecht, will explain the results of Q1 2019 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:
About R. STAHL - www.r-stahl.com
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:||808857|
|End of News||DGAP News Service|