Successful start in the year for R. STAHL - Report for the first quarter of 2012 published:
(Thomson Reuters ONE) -
R. STAHL AG /
Successful start in the year for R. STAHL - Report for the first quarter of 2012
published:
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The issuer is solely responsible for the content of this announcement.
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) |
+-----------------------------------------+----------+----------+----------+
| | | | Changes. |
| | | | in % |
| | 1-3/2012 | 1-3/2011 | |
+-----------------------------------------+----------+----------+----------+
| Order intake | 80.0 | 59.1 | +35.3 |
+-----------------------------------------+----------+----------+----------+
| Sales | 65.5 | 58.7 | +11.6 |
+-----------------------------------------+----------+----------+----------+
| EBIT | 5.1 | 4.4 | +16.3 |
+-----------------------------------------+----------+----------+----------+
| Earnings before taxes (EBT) | 4.2 | 3.5 | +19.0 |
+-----------------------------------------+----------+----------+----------+
| Result in the period | 3.0 | 2.5 | +19.2 |
+-----------------------------------------+----------+----------+----------+
| EBT margin (in % of sales) | 6.4 | 6.0 | - |
+-----------------------------------------+----------+----------+----------+
| Earnings per share (in ?) | 0.51 | 0.42 | +21.4 |
+-----------------------------------------+----------+----------+----------+
| Equity ratio (in %) | 45.5 | 44.7* | - |
+-----------------------------------------+----------+----------+----------+
| Employees (record date, excl. trainees) | 1,578 | 1,502 | +5.1 |
+-----------------------------------------+----------+----------+----------+
* on 31 December 2011
You will find the detailed interim report on the internet at
http://www.stahl.de/investor-relations/financial reports.html
Information on R. STAHL - www.stahl.de
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:
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(at)stahl.de
This announcement is distributed by Thomson Reuters on behalf of
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: R. STAHL AG via Thomson Reuters ONE
[HUG#1610179]
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Datum: 09.05.2012 - 03:30 Uhr
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