Thursday, 29. January 2009 Ad hoc: R. STAHL posts preliminary key figures for FY2008
Category: Corporate-NewsAd hoc: R. STAHL posts preliminary key figures for FY2008
Waldenburg, 29 January 2009 - According to preliminary calculations for its fiscal year 2008, the R. STAHL Group achieved sales of around € 222 million in the past year (prior year: € 211.6 million). The company specializes in the field of explosion protection. Despite a cyclical slow-down in business during the fourth quarter, the Group still succeeded in passing the € 220 million mark. Year-on-year sales growth amounted to 5%.
The pre-tax return on sales is expected to reach between 8 and 9%. Earnings were burdened by write-downs of 2 to 3 million euros, mainly on inventories and receivables. Without these non-recurring effects, the Group would probably have reached its earnings target of around 10% return on sales.
The Managing Board believes that the company is well prepared for a difficult year in 2009. According to current calculations, the equity ratio was over 42% at year-end, while cash and cash equivalents amounted to around € 32 million. Key customers, such as the pharmaceutical industry and the oil and gas sector, are also planning further investments in 2009. R. STAHL aims to utilise its strengths to gain market share during the global economic crisis.
All the above mentioned figures are preliminary and may change during the course of auditing activities.
Contact:
R. STAHL AG
Communication / Investor Relations
Judith Schäuble
Am Bahnhof 30, D-74638 Waldenburg, Germany
Tel: +49 (7942) 943-1217, Fax: +49 (7942) 943-40 1217
E-mail: judith.schaeuble@stahl.de