R. STAHL AG:Ad hoc: R. STAHL reports key data for fiscal year 2011
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Ad hoc: R. STAHL reports key data for fiscal year 2011
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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(at)stahl.de
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Source: R. STAHL AG via Thomson Reuters ONE
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Datum: 08.03.2012 - 09:38 Uhr
Sprache: Deutsch
News-ID 123034
Anzahl Zeichen: 4901
contact information:
Town:
Waldenburg
Kategorie:
Business News
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