Print

Thursday, 20. April 2017 Ad hoc: R. Stahl AG: The Supervisory Board and Executive Board of R. STAHL AG propose a dividend payment of EUR 0.60 per share for FY 2016; preliminary figures for Q1 2017 lead to refinement of the outlook for FY 2017

Category: Corporate-News

 

 

 

 

 

 

 

 

 

 

 

 

 

R. Stahl AG / Key word(s): Dividend/Change in Forecast<br/>

 

<br/>

20-Apr-2017 / 17:36 CET/CEST<br/>

 

Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.<br/>

 

The issuer is solely responsible for the content of this announcement.<br/><br/>

 


ADHOC RELEASE pursuant to Article 15 German Securities Trading Act (WpHG)

 

- The Supervisory Board and Executive Board of R. STAHL AG propose a dividend payment of EUR 0.60 per share for FY 2016

 

- Preliminary figures for Q1 2017 lead to refinement of the outlook for FY 2017

 

Waldenburg, April 20, 2017. The Supervisory Board and the Executive Board of R. STAHL AG today approved the financial statements for FY 2016. In addition, the Supervisory Board and Executive Board of R. STAHL AG decided to propose a dividend payment of EUR 0.60 per share (FY 2015: EUR 0.60) at the company's upcoming Annual General Meeting for FY 2016, to be held in Neuenstein, Germany, on June 2, 2017. This would result in a total dividend payout of around EUR 3.9 million and a dividend yield of 2.1 percent based on R. STAHL's share price at year-end. With this proposal shareholders participate in the significant earnings increase of the company. Thus, R. STAHL continues its shareholder-friendly dividend policy.

 

In addition, the Executive Board of R. STAHL also discussed the refinement of the outlook for FY 2017. The preliminary figures for the first quarter 2017 that are now available show the expected revival of demand in the oil and gas sector with an increase of order intake to EUR 75.8 million compared to the previous quarter (Q4 2016: EUR 67.4 million), as well as an increase of order backlog at the end of the first quarter 2017 to EUR 91.4 million (Q4 2016: EUR 80.7 million). In contrast, sales and earnings in the first quarter 2017 reflect the low order backlog at the end of 2016 and still lag behind the improving sentiment in the oil and gas sector. According to the preliminary figures for the first quarter 2017, R. STAHL has achieved sales of EUR 65.5 million (Q4 2016: EUR 73.3 million) and an EBIT pre exceptionals* of EUR -3.1 million (Q4 2016: EUR 0.5 million). Devaluations of receivables and inventories amounting to EUR 0.9 million contributed negatively to EBIT in the first quarter 2017.

 

The business development in the first three months of the current year confirms that a precise forecast for FY 2017 is still accompanied by a high degree of uncertainty due to the still tense situation in the oil and gas sector. Although an upturn can be seen in order intake and order backlog, however, visibility is still low. Furthermore, sales realization still lags behind the development of order intake. As a consequence, development of sales and EBIT in FY 2017 will be delayed relative to the development of order intake. Against this backdrop, R. STAHL refines its forecast as follows:

 

For FY 2017, the Executive Board expects an order intake in a range between EUR 295 million and EUR 305 million. Sales should come in between EUR 285 million and EUR 295 million while EBIT pre exceptionals is expected to be in a range between EUR 3.5 million and EUR 7.5 million.

 

* exceptionals: non-scheduled depreciation, impairment reversals, proceeds from the sale of non-current assets, restructuring charges, costs from portfolio activities

 

Contact:

R. STAHL AG

Am Bahnhof 30, 74638 Waldenburg (Wuertt.)

 

Dr. Thomas Kornek

Head of Investor Relations & Corporate Communications

Phone: +49 7942 943-1395

 

E-mail: investornews@stahl.de

 

WKN: A1PHBB

ISIN: DE000A1PHBB5

Stock symbol: RSL2

Trading segment: Regulated Market / Prime Standard

Traded at: XETRA, Frankfurt, Stuttgart, Dusseldorf, Munich, Berlin-Bremen, Hamburg

 

 

 

 

 

 


20-Apr-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. <br/>Archive at www.dgap.de<br/>


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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:

Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Tradegate Exchange

 

<br/>

 

End of Announcement

DGAP News Service

 

 

 

 

 

 

 

 

 

show this