Friday, 23. April 2010 Ad hoc: Positive developement supported in first quarter 2010
Waldenburg, 23 April 2010 - During the first quarter of 2010 R. STAHL, specialist for explosion protection, generated consolidated sales amounting to € 51.8 million and thus reached last year's level (€ 51.7 million). Earnings before taxes (EBT) increased disproportionately. Compared to € 2.5 million in 2009 the Waldenburg-based company generated EBT of € 3.0 million in the first quarter of 2010. Return on sales based on pre-tax profit rose from 4.4% for the full year 2009 to 5.9% in the period under review.
Positive development is also supported by a major project which could be delivered in the first quarter. Furthermore, positive contributions arise from the takeover of Canadian company Omega, from which R. STAHL has taken over patents and production in the fourth quarter.
Order intake during the quarter has been on last year's level as well and reached
€ 53.3 million. It includes, among others, several follow-up orders for existing installations, one order for distribution and control panels for a plant in the Middle East and material for a major German airport.
R. STAHL asserted itself well during the economic crisis and could significantly increase its market share: market leadership for explosion-protected, electrical system solutions for the process industry, which has been achieved during the last years, could be further expanded. The good order situation is a first sign for a stabilization of the demand situation. The Executive Board expects a lasting improvement of the general situation for the second half of 2010.
Detailed figures for the first quarter of 2010 will be published on 19 May 2010.
If you have any questions please contact:
R. STAHL AG
Communications / Investor Relations
Judith Schäuble
Am Bahnhof 30, 74638 Waldenburg (Württ. )
Phone: 07942.943-1217, Fax: 07942.943-40 1217
e-mail: judith.schaeuble@stahl.de