R. STAHL publishes figures for the first nine months in 2012: Order intake and sales further increased - Earnings significantly improved - Confident glance to the future
(Thomson Reuters ONE) -
R. STAHL AG /
R. STAHL publishes figures for the first nine months in 2012: Order intake and
sales further increased - Earnings significantly improved - Confident glance to
the future
. Processed and transmitted by Thomson Reuters ONE.
The issuer is solely responsible for the content of this announcement.
Waldenburg, 7 November 2012 - After a positive first half of 2012, R. STAHL
continued its growth in the third quarter as well. Especially from the overseas
markets, the expert in explosion protection, based in Waldenburg, recorded
strong demand - order intake increased by 16.8% to ? 227.3 million (previous
year: ? 194.7 million). At the end of September, order backlog reached ? 79.3
million (previous year: ? 62.4 million).
After nine months, sales were 19.5% higher than last year and increased to ?
213.6 million (previous year: ? 178.7 million). Despite a weakening world
economy, growth in sales could be recorded in all regions. The growth was
especially significant in Asia and in the Americas.
Two-digit increase of earnings
On this basis, the group also improved earnings - with an increase of 29.3%,
operating earnings (EBIT) amounted to ? 17.9 million (previous year: ? 13.8
million); EBIT margin in relation to sales revenues thus achieved 8.4% (previous
year: 7.7%). At ? 1.80, earnings per share significantly exceeded last year's
value (? 1.29).
Decisive factor for this improvement in earnings is the optimized production
processes in our Waldenburg plant and the thus achieved improvements in
productivity - lead times have been reduced and delivery speed has been
increased. Furthermore, integration costs for the acquisitions we made in the
past cease to exist, a fact that had a positive effect.
Increase of operating cash flow
The higher result in the period is also reflected in the cash flow statement: In
the period under review, R. STAHL achieved operating cash flow amounting to ?
5.9 million (previous year: ? 2.1 million). After scheduled investments, free
cash flow amounted to ? - 8.8 million (previous year: ? - 5.0 million).
Solidly financed
The business activities increased the company's equity. After nine months, it
amounted to ? 96.5 million and exceeds long-term assets (? 92.7 million).
Available funds amounting to ? 13.9 million offer a good liquidity position. So
financing of the company is still on a solid basis.
Confident about the future
R. STAHL continues to grow - the group has established an excellent market
position and is very well positioned in regard to finance and strategy. Despite
the weakening global economy, the expert in explosion protection expects solid
order and sales development; especially due to the investments and structural
improvements in Asia and the Americas, the company with further expand its
market position there. For this reason, R. STAHL still intends to invest in the
major markets. At the same time, the company pushes its development activities
to further expand the existing technological lead. Internal optimization
processes will be advanced in future as well.
In order to promptly meet the increased customer demand, R. STAHL plans to set
up additional production areas at our locations in Waldenburg and Cologne in the
fourth quarter and thus to increase productivity and efficiency as of the first
quarter in 2013. In December 2012, order intake and sales in our core markets
Germany and Europe will again be slightly lower than annual average, due to
seasonal influences. So CEO Martin Schomaker sticks to his sales and earnings
forecast:
"For 2012, we assume sales between ? 270 million and ? 280 million (previous
year: ? 243 million) and expect EBT between ? 16 million and ? 18 million
(previous year: ? 13 million)."
+-------------------------------------------------------------------------+
| |
| |
| Key figures of R. STAHL Group (in ? million) |
+-----------------------------------------+----------+----------+---------+
| | | | Changes |
| | | | in % |
| | 1-9/2012 | 1-9/2011 | |
+-----------------------------------------+----------+----------+---------+
| Order intake | 227.3 | 194.7 | +16.8 |
+-----------------------------------------+----------+----------+---------+
| Sales | 213.6 | 178.7 | +19.5 |
+-----------------------------------------+----------+----------+---------+
| EBIT | 17.9 | 13.8 | +29.3 |
+-----------------------------------------+----------+----------+---------+
| Earnings before taxes (EBT) | 15.1 | 11.2 | +34.9 |
+-----------------------------------------+----------+----------+---------+
| Period result | 10.6 | 7.8 | +36.3 |
+-----------------------------------------+----------+----------+---------+
| EBIT margin (in % of sales) | 8.4 | 7.7 | - |
+-----------------------------------------+----------+----------+---------+
| EBT margin (in % of sales) | 7.1 | 6.3 | - |
+-----------------------------------------+----------+----------+---------+
| Earnings per share (in ?) | 1.80 | 1.29 | +39.5 |
+-----------------------------------------+----------+----------+---------+
| Equity ratio (in %) | 43.1 | 44.7* | - |
+-----------------------------------------+----------+----------+---------+
| Employees (record date, excl. trainees) | 1,635 | 1,530 | +6.9 |
+-----------------------------------------+----------+----------+---------+
* as at 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#1655694]
Unternehmensinformation / Kurzprofil:
Datum: 07.11.2012 - 09:30 Uhr
Sprache: Deutsch
News-ID 200365
Anzahl Zeichen: 8359
contact information:
Town:
Waldenburg
Kategorie:
Business News
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