R. STAHL announces key data for fiscal year 2010
(Thomson Reuters ONE) -
R. STAHL AG /
R. STAHL announces key data for fiscal year 2010
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Forecast for the full year exceeded - Sales 10 % above previous year's figures -
EBT increased by 73 %- Executive Boards expects another double-digit growth for
2011
Waldenburg, March 1(st), 2011 - According to preliminary calculations, R. STAHL
generated consolidated sales amounting to ? 222.6 m in the past fiscal year.
This means an increase of 9.9% compared to last year (? 202.6 m). The forecast
given in spring 2010 (? 210 to ? 220 m) could be exceeded.
Earnings before taxes of the expert in explosion protection rose above average -
by 73% compared to last year - and amounted to ? 15.4 m (previous year: 8.9)
This figure also increased significantly more than the values that were
predicted, ? 14 to 15 m. The group achieved an EBIT of ? 19.3 m (previous year:
12.6), which means 53% more than in the previous year. Return on sales based on
EBT reached 6.9% for the full year (previous year: 4.4%).
During the first half of 2010, R. STAHL still felt the effects of the economic
crisis, but, as expected, the market for the company located in Waldenburg
revived significantly with the third quarter. The most important customer
industries, the oil and gas industry as well as the chemicals and
pharmaceuticals industry, placed more orders. Especially from the installed
basis (maintenance, repair, extensions), R. STAHL recorded an increasing number
of orders in the second half of the year.
The investments in system competence contributed decisively to the positive
development in the past fiscal year. Due to the decision to keep the core
workforce during the crisis, the complete team has been available as the markets
revived. During the last five years, R. STAHL has greatly expanded the ability
to use synergies and to develop customized solutions by combining different
safety technologies. Here the company has a unique position on the market.
During the last years R. STAHL could significantly increase its market
leadership in the field of electrical system solutions for explosion protection.
The company distinguishes itself from its competitors.
The markets that are relevant for R. STAHL show a lot of potential for the
current year and for the coming years. The order books of the international
plant manufacturers are filling up which will be seen in the order situation of
R. STAHL with a time delay of six to twelve months. Continuous process
optimizations will help to realize the coming growth without much increase of
personnel. Small, strategic acquisitions, like those that have been realized
last year, are meant to offer additional potential. The leading position in the
system business will be further increased internationally. On the basis of these
scenarios, the Executive Board expects another double-digit growth of sales and
results for the current year.
All the figures are provisional and may change with the progress of the
auditing.
R. STAHL will present the final annual financial statements in a balance sheet
press conference on 13 April 2011.
+--------------+-------+-------+--------------+
| in ? million | 2010* | 2009 | Changes in % |
+--------------+-------+-------+--------------+
| Order intake | 225.8 | 208.1 | + 8,5 |
+--------------+-------+-------+--------------+
| Sales | 222.6 | 202.6 | + 9,9 |
+--------------+-------+-------+--------------+
| EBIT | 19.3 | 12.6 | + 53 |
+--------------+-------+-------+--------------+
| EBT | 15.4 | 8.9 | + 73 |
+--------------+-------+-------+--------------+
* preliminary
If you have any questions please contact:
R. STAHL AG
Communications / Investor Relations
Judith Schäuble
Am Bahnhof 30, 74638 Waldenburg (Württ. )
Phone: +49 7942.943-1217, Fax: +49 7942.943-40 1217
e-mail:judith.schaeuble(at)stahl.de
--- End of Message ---
R. STAHL AG
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Datum: 01.03.2011 - 14:15 Uhr
Sprache: Deutsch
News-ID 52023
Anzahl Zeichen: 5414
contact information:
Town:
Waldenburg
Kategorie:
Business News
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