Wednesday, 09. May 2012 Successful start in the year for R. STAHL - Report for the first quarter of 2012 published:

Order intake and sales significantly increased - EBT improved - Confident look to the future

Waldenburg, 09 May 2012 - R. STAHL started well into the year 2012 and won several major projects during the first quarter. Consequently, the expert in explosion protection, based in Waldenburg, increased order intake by 35.3% to € 80.0 million (previous year: € 59.1 million). After three months, sales was 11.6% higher than last year and achieved € 65.5 million (previous year: € 58.7 million). Increase in the Americas and in Asia has been especially substantial. Order backlog, which was at € 48.4 million last year, amounted to € 80.8 million at the end of March 2012.

EBT significantly improved

On this basis, the company also increased earnings - with an increment of 19.0%, R. STAHL generated earnings before taxes (EBT) amounting to € 4.2 million (previous year: € 3.5 million). Operating EBT margin in relation to sales revenues now amounts to 6.4% (previous year: 6.0%) Earnings per share improved to € 0.51 (previous year: € 0.42). The optimized production processes in Waldenburg have been essential for the increase in earnings. The optimization projects of the past took effect and are to lead to an improvement in efficiency in future as well.

Increase of operating cash flow

In the period under review, R. STAHL generated operating cash flow amounting to € 5.2 million (previous year: € 1.1 million). So the positive development of the company also has an impact on the cash flow statement, due to the higher result in the period and the lower utilization of financial resources for the working capital. After scheduled investments, free cash flow amounted to € +1.1 million (previous year: € -1.2 million).

Solidly financed

R. STAHL's financing is still on a solid basis: Equity (€ 92.1 million) completely covers the long-term assets (€ 87.7 million). Liquid funds of € 15.3 million exceed the short-term and long-term financial debts by € 4.1 million.

Optimistic look to the future

The success in the first quarter of 2012 confirms that R. STAHL is on the right path. The company acquired an excellent market position and is very well positioned in regard to finance and strategy. The major customer industries still develop positively - consequently, we may expect a solid development of order intake and sales. Predominance in system business of the expert in explosion protection, based in Waldenburg, the acquisitions that have been made in the past and strengthened sales structures in the major markets as well as the innovation process will in future also make important contributions to growth. Moreover, the group plans further investments. Especially in India, the activities will be gradually advanced. From today's point of view, R. STAHL expects sales between € 250 million and € 255 million in 2012. The company also aspires increase of EBT and anticipates an amount between € 14 million and € 16 million.


Key figures of R. STAHL group (in € million)





in %

Order intake












Earnings before taxes (EBT)




Result in the period




EBT margin (in % of sales)




Earnings per share (in €)




Equity ratio (in %)




Employees (record date, excl. trainees)




* on 31 December 2011

You will find the detailed interim report on the internet at reports.html

Information on R. STAHL -

R. STAHL is one of the world's leading suppliers of electrical and electronic products and systems for explosion protection. These products and systems prevent explosions in hazardous areas and thus contribute to the safety of man, machine and environment. The spectrum ranges from tasks like switching/distributing, installing, operating/monitoring, lighting and signalling/alarming up to automating. Typical customers are the growth industries like the oil & gas industry, the chemical and pharmaceutical industry and the food industry. The share in the market for marine equipment continuously increases. In 2011, more than 1,500 employees generated sales of € 243 million world-wide.
R. STAHL AG is listed on the stock exchange.

If you have any questions please contact:


Communications / Investor Relations


Kerstin Wolf


Am Bahnhof 30, 74638 Waldenburg (Württ. )

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