Ad hoc:R. STAHL AG:Ad hoc:
(Thomson Reuters ONE) -
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In 2009 EBT of R. STAHL group were ? 8.9 million - first six months of 2010 are
still influenced by the global economic crisis - workforce is complete and
prepared for an increasing demand
Waldenburg, 17/03/2010 - In fiscal year 2009 R. STAHL group realized EBT of
? 8.9 million (previous year: ? 18.5 million). This corresponds to a return on
sales based on EBT of 4.4% (previous year: 8.4%). Decline of EBT of 52% compared
to the previous year is due to the extremely difficult economic conditions of
the past fiscal year. EBITDA decreased by 29%.
At the beginning of 2009 R. STAHL decided to keep the core workforce in the
crisis. To achieve this goal extensive measures for cost reduction in other
areas have been implemented. Nevertheless, the decline of sales and of prices
led to a significant reduction of earnings.
In the past fiscal year the group turnover fell by 8.4% to ? 202.6 million.
Order intake of R. STAHL has been ? 208.1 million (previous year: ? 223.6
million). The expert in explosion protection could increase the order backlog to
? 42.6 million (previous year: ? 39.9 million).
R. STAHL usually feels the economic effects with a time delay of eight to ten
months. The company assumes that the bottom has been reached. However, we do not
expect an improvement in the first half of 2010. The measures for efficiency
improvement and cost reduction that have been introduced will be continued. With
a liquidity of ? 22.5 million and an equity ratio of 41.5% R. STAHL has a solid
financial basis.
From the most important customer sectors the first positive signals can be
noticed. That is why, from today's point of view, our executive board expects an
increase in demand for the second half of 2010. R. STAHL will meet this demand
with a complete and motivated workforce.
Further key figures of the past fiscal year:
+---------------------------------------------+-------+-------+---------+
| | 2009 | 2008 | Changes |
| in ? m | | | in % |
+---------------------------------------------+-------+-------+---------+
| Total sales | 202.6 | 221.2 | -8.4 |
+---------------------------------------------+-------+-------+---------+
| Germany | 52.7 | 58.0 | -9.1 |
+---------------------------------------------+-------+-------+---------+
| Europe without Germany | 94.9 | 111.3 | -14.7 |
+---------------------------------------------+-------+-------+---------+
| Asia/Pacific | 32.4 | 33.8 | -4.1 |
+---------------------------------------------+-------+-------+---------+
| Americas | 22.6 | 18.1 | +24.9 |
+---------------------------------------------+-------+-------+---------+
| Order intake | 208.1 | 223.6 | -6.9 |
+---------------------------------------------+-------+-------+---------+
| Order backlog | 42.6 | 39.0 | +9.2 |
+---------------------------------------------+-------+-------+---------+
| EBITDA | 21.7 | 30.5 | -28.9 |
+---------------------------------------------+-------+-------+---------+
| EBT (earnings before taxes) | 8.9 | 18.5 | -51.9 |
+---------------------------------------------+-------+-------+---------+
| Results for the year | 5.6 | 12.6 | -55.6 |
+---------------------------------------------+-------+-------+---------+
| Cash flow from operating activities | 10.9 | 27.5 | -60.4 |
+---------------------------------------------+-------+-------+---------+
| Liquidity | 22.5 | 34.1 | -34.0 |
+---------------------------------------------+-------+-------+---------+
| Equity ratio (in %) | 41.5 | 43.7* | -- |
+---------------------------------------------+-------+-------+---------+
| Employees as at 31/12 (without apprentices) | 1,404 | 1,369 | +2.6 |
+---------------------------------------------+-------+-------+---------+
* decline of equity due to allocation of goodwill of share acquisition in Norway
(please also see Q3/09-report)
R. STAHL will present the complete annual accounts during the press conference
on financial statements on 23 April 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(at)stahl.de
[HUG#1394866]
--- End of Message ---
R. STAHL AG
Am Bahnhof 30 Waldenburg Germany
WKN: 725772;ISIN: DE0007257727 ;Index:CDAX,Prime All Share,CLASSIC All Share;
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Datum: 17.03.2010 - 07:25 Uhr
Sprache: Deutsch
News-ID 1011524
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