R. STAHL is reducing its forecast for 2015 and adopting a comprehensive set of measures to safeguard competitiveness over the long term

R. Stahl AG  / Key word(s): Change in Forecast/Miscellaneous06.10.2015 11:26Dissemination of an Ad hoc announcement according to § 15 WpHG, transmittedby DGAP - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.---------------------------------------------------------------------------ADHOC RELEASE pursuant to Article 15 Securities Trading Act (WpHG)R. STAHL is reducing its forecast for 2015 and adopting a comprehensive setof measures to safeguard competitiveness over the long termWaldenburg, 6 October 2015 - R. STAHL AG today announced that it isreducing the forecast for 2015. The reason for this is the continuously lowoil price. This has resulted in the oil and gas industry - the mostimportant customer sector for R. STAHL accounting for around 50% of sales -significantly reducing its investments. It is the sharpest decline ininvestments since the oil crisis 30 years ago. The company is thereforeexpecting a decline in order intake as well as sales and earnings duringthe second half of 2015. No recovery of the oil and gas market isforeseeable for 2016.For the fiscal year 2015, the Executive Board is adjusting the forecastcorridor for order intake and sales from between EUR 320 million and EUR330 million down to between EUR 300 million and EUR 310 million.Expectations for EBIT are reduced from between EUR 16 million and EUR 20million down to between EUR 2 million and EUR 5 million. These figuresinclude one-off costs amounting to EUR 8 million from the implementation ofthe set of measures. By adjusting the forecast, the Executive Board reactsto a market environment which has recently deteriorated drastically.For 2016, the Executive Board is anticipating a sustained low investmentvolume in the oil and gas industry and is therefore planning sales in therange of EUR 280 million to EUR 290 million with an EBIT margin in theamount of 5 % to 7 %.R. STAHL AG has adopted a comprehensive set of measures with the objectiveof counteracting the tense economic development, and strengthening andsafeguarding competitiveness over the long term. During the fiscal year2016, the company expects this to yield cost-savings in the amount of aboutEUR 20 million. A total of 225 jobs will be cut worldwide as a result ofthe personnel measures. The company will continue to drive ongoinginitiatives to generate additional business in industry sectors chemicals,pharmaceuticals and marine with the aim of further reducing dependency onthe oil price. In addition, the product portfolio will be streamlined andproducts for which demand is less strong will be removed. Today, theSupervisory Board of R. STAHL AG granted the required consent to the set ofmeasures and the adjusted forecast in an extraordinary meeting.---------------------------------------------------------------------------Information and Explaination of the Issuer to this News:For further information: R. STAHL AGAm Bahnhof 30, 74638 Waldenburg (Württ.)Bernd Marx (CFO)Phone: +49 7942 943-1271Nathalie Kamm (Investor Relations)Phone: +49 7942 943-1395E-mail: [email protected] The DGAP Distribution Services include Regulatory Announcements,Financial/Corporate News and Press Releases.Media archive at www.dgap-medientreff.de and 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 End of Announcement                             DGAP News-Service ---------------------------------------------------------------------------