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Monday, 12. March 2012 Ad hoc: R. STAHL reports key data for fiscal year 2011

Ad hoc: R. STAHL reports key data for fiscal year 2011

R. STAHL reports key data for fiscal year 2011

Order intake and sales significantly higher than last year - one-off expenses burden earnings - CEO expects further growth in 2012

Waldenburg, 8 March 2012 - According to preliminary calculations, R. STAHL could significantly increase order intake and sales during the last fiscal year. In 2011, order intake amounted to € 259.4 million (previous year: € 225.8 million). This means an increase of 14.9% compared to the previous year. At the same time, the company generated group sales of € 242.9 million. This means an increase of 9.1% compared to the year before (€ 222.6 million). The forecast, that has been revised in autumn (€ 235 million to € 240 million), could thus be exceeded.

However, the increase did not have the same effect on earnings, as the company had to cope with a number of one-off expenses: To deal with the new structures, due to the strong increase of system business, the expert in explosion protection had to adjust the production in Waldenburg. The optimization processes that were necessary caused delays in delivery and also one-off expenses.

Furthermore, the on-going integration of the companies we acquired still burdened EBT. Especially in Brazil the situation is difficult, so the CEO decided on extraordinary write-downs. The commitment in Brazil decreased group earnings by a total of € 2.8 million. As a result, the earnings forecast (€ 14 million to € 16 million) has not been achieved. With an EBT amounting to € 13.1 million (previous year: € 15.4 million), R. STAHL generated 15.1% less than in the previous year. EBT margin now amounts to 5.4% of sales (previous year: 6.9%).

Nevertheless, the expert in explosion protection, based in Waldenburg, further improved expertise in system solutions. Thanks to strengthened sales structures, the growth in the Americas and in Asia could be continued. With the newly founded subsidiary in Australia, the takeover of the explosion-protected products of Orlaco Products B.V. and numerous new products, the company opens up new markets.

Furthermore, the perspective in the industry sectors relevant for R. STAHL is positive. International chemicals industry significantly increased investments. Growth of the pharmaceutical industry in Asia and Latin America is unabated. The order backlog of plant manufacturers in international oil and gas business includes a number of projects.

Thus the company looks confidently towards the future. From today's point of view, the CEO expects growth in sales in a single-digit percentage range and an improvement of EBT, as a number of one-off expenses of 2011 will not occur again.

All figures are preliminary and may change as the audit continues. R. STAHL will present the complete financial statements on 18 April 2012 at the press conference on financial statements.

 

in million €

2011*

2010

Changes in %

Order intake

259.4

225.8

+14.9

Sales

242.9

222.6

+9.1

EBIT

16.8

19.3

-12.7

EBT

13.1

15.4

-15.1

 

* preliminary

If you have any questions please contact:

R. STAHL AG

Communications / Investor Relations

 

Kerstin Wolf

Am Bahnhof 30, 74638 Waldenburg (Württ.)

Phone: 07942.943-4300, Fax: 07942.943-40 4300

E-mail: kerstin.wolf@stahl.de