R. STAHL lowers EBIT forecast for 2016

R. Stahl AG  / Key word(s): Change in Forecast09.11.2016 17:39Disclosure of an inside information according to Article 17 MAR,transmitted by DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.---------------------------------------------------------------------------ADHOC Announcement pursuant to Article 17 MARR. STAHL lowers EBIT forecast for 2016Waldenburg, 09 November 2016 - As at 30 September 2016, R. STAHL AGachieved order intake amounting to EUR 215.5 m and generated sales revenuesof EUR 213.3 m. While order intake and sales thus are within the plannedcorridor for the full year 2016, the profit situation of the companydeteriorated significantly in the third quarter of 2016.Until now, mainly the companies in the oil production sector have beenaffected by the low oil price; now, companies in the subsequent industrysectors increasingly come under pressure. This customer group now reactswith savings programmes and the postponement of projects. On the explosionprotection market, this development leads to a lower order volume,intensified competition and an increased pricing pressure. The consequencefor R. STAHL is fewer orders and declining margins.Especially in the Americas and in region Asia/Pacific, sales revenuesdropped more strongly than expected, which led to an insufficient coverageof fixed costs in these regions. A change in the product mix of sales,favouring low-margin products, additionally burdened the profit situation.Due to the above mentioned factors, the profit situation deterioratedsignificantly in the third quarter 2016, against expectations. The savingsin regard to personnel, material and production costs that have beenimplemented up to now cannot completely compensate for the decline insales. The Executive Board of R. STAHL AG thus adjusts the forecast for thefull year 2016: The figures for order intake and sales will remainunchanged between EUR 275 to 285 m. The forecast corridor for EBIT will bereduced to EUR 6 to 8 m (until now: EUR 11 to 15 m). This results in anEBIT margin of 2 to 3 % (until now: 4 to 5 %).With focus on the years 2017 and 2018, the Executive Board positions thecompany to reach the former profitability again, irrespective of a recoveryin the oil and gas sector.Detailed information on the figures of the first three quarters in 2016will be published on 10 November 2016.---------------------------------------------------------------------------Information and Explanation of the Issuer to this News:Contact:R. STAHL AGAm Bahnhof 30, 74638 Waldenburg (Württ.) Bernd Marx (CFO)Phone: +49 7942 943-1271Carmen Kulle (Investor Relations)Phone: +49 7942 943-1395E-mail: [email protected] The DGAP Distribution Services include Regulatory Announcements,Financial/Corporate News and Press Releases.Archive at www.dgap.de--------------------------------------------------------------------------- Language:     EnglishCompany:      R. Stahl AG              Am Bahnhof 30              74638 Waldenburg              GermanyPhone:        +49 (7942) 943-0Fax:          +49 (7942) 943-4333E-mail:       [email protected]:     www.stahl.deISIN:         DE000A1PHBB5WKN:          A1PHBBListed:       Regulated Market in Frankfurt (Prime Standard), Stuttgart;              Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg,              Munich, Tradegate Exchange End of Announcement                             DGAP News-Service ---------------------------------------------------------------------------