R. Stahl AG — Management Reports 2014

Apr 8, 2014

News Details

Ad-hoc | 8 April 2014 17:07

R. STAHL AG updates the forecast for the current fiscal year

R. Stahl AG / Key word(s): Change in Forecast

08.04.2014 17:07

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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R. STAHL AG updates the forecast for the current fiscal year

Waldenburg, 08 April 2014 - After the first quarter of 2014, the Executive
Board of R. STAHL AG decided to adjust the sales forecast for the current
fiscal year. As delays in project business still weakened order intake in
the fourth quarter of 2013, R. STAHL achieved sales revenues of about EUR
68 million in the first quarter of 2014, and thus below the own
expectations. Despite a record order intake during the first three months,
the group will not be able to completely balance the weak first quarter in
the course of the year. Instead of growth in sales of 6% to 7%, the
Executive Board currently expects growth between 3.5% and 6.8% for this
year, or revenues amounting to EUR 315 million to EUR 325 million,
respectively. The group's international expansion programme led to higher
fixed costs, which still restrict profitability until full capacity
utilization will be achieved. Furthermore, there is the risk that exchange
rate developments will slow down results. In regard to EBIT, we therefore
currently anticipate results between EUR 24 million and EUR 26 million for
2014; an amount that will be on previous year's level.

Based on the high order intake that amounts to about EUR 88 million in the
first quarter of 2014, the Executive Board anticipates realization of the
aspired increase in order intake and continuation of growth in the current
fiscal year and beyond. That is why R. STAHL will implement the investments
for capacity expansion, which have been planned for 2014, as scheduled.

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Information and Explaination of the Issuer to this News:

For more information:
R. STAHL AG
Am Bahnhof 30, 74638 Waldenburg (Württ.)

Bernd Marx (CFO)
Phone: + 49 7942 943-1271

Nathalie Dirian (Investor Relations)
Phone: +49 7942 943-1395

Frank Schwarz (Investor Relations)
Phone: +49 611 1745-39 811

e-mail: investornews@stahl.de

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Language: English
Company: R. Stahl AG
Am Bahnhof 30
74638 Waldenburg
Germany
Phone: +49 (7942) 943-0
Fax: +49 (7942) 943-4333
E-mail: info@stahl.de
Internet: www.stahl.de
ISIN: DE000A1PHBB5
WKN: A1PHBB
Listed: Regulierter Markt in Frankfurt (Prime Standard), Stuttgart;
Freiverkehr in Berlin, Düsseldorf, Hamburg, München

End of Announcement DGAP News-Service

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