R. STAHL raises its full-year guidance for 2022 after a strong third quarter and continued good order situation

Waldenburg, 13 December 2022 - Demand for R. STAHL’s explosion protection products continued to grow in the fourth quarter after gaining significant momentum in the third quarter. In terms of sales, improvements in transport capacities and numerous supply chains are having a particularly positive impact. Only the procurement situation for electronic components remains challenging.

After the third quarter of 2022, R. STAHL had generated Group sales of € 202.5 million and EBITDA pre exceptionals of € 16.6 million and confirmed its full-year guidance which had been detailed again at the half-year. Accordingly, the Executive Board expected Group sales for 2022 to be somewhere between € 270 million and € 275 million, with EBITDA pre exceptionals of between € 18 million and € 21 million. As a result of the continued strong demand from all sales markets relevant to R. STAHL and a slight improvement in supply chains, the Executive Board now expects full-year sales for 2022 to be between € 273 million and € 278 million, with EBITDA pre exceptionals of between € 21 million and € 24 million. Free cash flow is expected to be in the mid single-digit negative million euro range.

Publication of the preliminary figures for 2022 is scheduled for 16 February 2023.

About R. STAHL - www.r-stahl.com
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 are the chemical and pharmaceutical industry, the oil & gas industry - including LNG applications - as well as the food and beverage industry. Most of the R. STAHL products are also approved for use with hydrogen. In 2021 global sales amounting to around €248 million were generated by 1,672 employees. The shares of R. STAHL AG are traded on the Regulated Market/Prime Standard of Deutsche Boerse (ISIN DE000A1PHBB5).

Forward-looking statements
This release contains forward-looking statements based on assumptions and estimates of R. STAHL’s management. Although we assume that the expectations of these forward-looking statements are realistic, we cannot guarantee that these expectations will prove to be correct. The assumptions may involve risks and uncertainties that could cause the actual results to differ materially from the forward-looking statements. Factors that may cause such discrepancies include: changes in the macroeconomic and business environment, exchange rate and interest rate fluctuations, the roll-out of competing products, a lack of acceptance of new products or services, and changes in business strategy. R. STAHL does not plan to update these forward-looking statements nor does it accept any obligation to do so.

Contact:
R. STAHL AG
Judith Schäuble
Director Investor Relations & Corporate Communications
Am Bahnhof 30
74638 Waldenburg (Württ.)
Germany