21.02.2020 R. Stahl AG  DE000A1PHBB5

R. STAHL finishes 2019 with further significant earnings improvement according to preliminary figures


 


DGAP-Media / 21.02.2020 / 07:00

R. STAHL finishes 2019 with further significant earnings improvement according to preliminary figures
  • Sales of presumably €274.8 million slightly below prior year as expected
  • EBITDA pre exceptionals doubled to €30.4 million, margin increases to 11.0%
  • Net profit raised by €8.2 million to €1.2 million


Waldenburg, 21 February 2020 - R. STAHL, leading supplier of products and systems for explosion protection, today publishes preliminary figures for 2019. Sales of €274.8 million were generated in line with the current outlook of €275 million. This represents a slight 1.9% decrease compared to the prior year (2018: €280.1 million). In the period under review, the continued successful execution of the efficiency program R. STAHL 2020 that was started in 2018 again led to a significant improvement of earnings before interest, taxes, depreciation and amortization (EBITDA) pre exceptionals, doubling to €30.4 million (2018: €15.2 million), also in line with the recently slightly lifted guidance of >€30 million. As a result, EBITDA pre margin increased to 11.0% (2018: 5.4%). The new accounting rule for lease liabilities IFRS 16, which is to be used mandatorily since 2019, also contributed to this. Driven by the structural improvements, net profit raised by €8.2 million to €1.2 million (2018: €-7.0 million).


Cost reductions and a higher sales quality led to a decrease of the cost of materials ratio to 33.8% (2018: 35.9%). In addition, profitability benefited from a decline of the restructuring charges by €2.2 million and a €7.6 million contribution from the new accounting rule for lease liabilities. With €6.0 million, exceptionals in the period under review were at prior year's level (2018: €6.2 million). However, it should be taken into account that 2018 included an exceptional income of €2.5 million from the sale of properties no longer required for business operations.

The figures and forward-looking statements in this press release relating to 2019 are preliminary. R. STAHL will give an outlook for 2020 together with the release of its audited Annual Report 2019 on 21 April 2020.


Key figures of the R. STAHL Group pursuant to IFRS

€m 20191,2) 2018 Change
Sales 274.8 280.1 -1.9%
EBITDA pre exceptionals 3) 30.4 15.2 +15.2
in % of sales 11.0% 5.4%  
Exceptionals 3) -6.0 -6.2 +0.1
EBIT 6.3 -4.2 +10.5
Net profit 1.2 -7.0 +8.2
Employees as of 31 December 4) 1,669 1,690 -21

1) Preliminary figures; the final and full figure set as well as the Annual Report 2019 will be released on 21 April 2020.

2) 2019 including effects from initial application IFRS 16

3) Exceptionals: restructuring charges, non-scheduled depreciation and amortization, charges for design and implementation of IT projects, M&A costs as well as profit and loss from the disposal of non-current assets no longer required for business operations. Exceptionals were first disclosed in the reporting year 2016.

4) Excl. apprentices

Percentages and figures may include rounding differences. The signs used to indicate rates of change are based on economic aspects: improvements are indicated by a "+" sign, deteriorations by a "-" sign. Rates of change >+100% are shown as >+100%, rates of change < 100% as "n/a" (not applicable).

 

Financial calendar 2020
21 April Release of the Annual Report 2019
14 May Interim Report Q1 2020
28 May Annual General Meeting in Künzelsau- Gaisbach
06 August Report on the first half year 2020
12 November Interim Report Q3 2020


About R. STAHL - www.r-stahl.com
R. STAHL is the world's leading supplier of electrical and electronic products and systems for explosion protection. These products and systems prevent explosions in hazardous areas and contribute to the safety of people, machines and the environment. The portfolio ranges from products used in switching/distributing, installing, operating/monitoring, lighting and signalling/alarming up to automation. Typical customers are the oil & gas industry, the chemical and pharmaceutical industry and the food industry. In 2019, global sales amounting to about €275 million were generated by 1,669 employees. The shares of R. STAHL AG are traded on the Regulated Market/Prime Standard of Deutsche Boerse (ISIN DE000A1PHBB5).


Forward-looking statements
This release contains forward-looking statements based on assumptions and estimates of R. STAHL's management. Although we assume that the expectations of these forward-looking statements are realistic, we cannot guarantee that these expectations will prove to be correct. The assumptions may involve risks and uncertainties that could cause the actual results to differ materially from the forward-looking statements. Factors that may cause such discrepancies include: changes in the macroeconomic and business environment, exchange rate and interest rate fluctuations, the roll-out of competing products, a lack of acceptance of new products or services, and changes in business strategy. R. STAHL does not plan to update these forward-looking statements nor does it accept any obligation to do so.

The contents of this press release are intended to address all genders. For the sake of readability and without any intent to discriminate, only the male form is used.


Contact:
R. STAHL AG
Dr. Thomas Kornek
Senior Vice President Investor Relations & Corporate Communications
Am Bahnhof 30
74638 Waldenburg (Württ.)
Germany

Tel. +49 7942 943-1395
[email protected]


End of Media Release


Issuer: R. Stahl AG
Key word(s): Finance

21.02.2020 Dissemination of a Press Release, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: R. Stahl AG
Am Bahnhof 30
74638 Waldenburg
Germany
Phone: +49 (7942) 943-0
Fax: +49 (7942) 943-4333
E-mail: [email protected]
Internet: www.r-stahl.com
ISIN: DE000A1PHBB5
WKN: A1PHBB
Listed: Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Tradegate Exchange
EQS News ID: 980567

 
End of News DGAP Media

980567  21.02.2020 

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Die wichtigsten Finanzdaten auf einen Blick
  2015 2016 2017 2018 2019 2020 2021e
Umsatzerlöse1 312,92 286,61 268,46 280,11 274,78 246,59 254,50
EBITDA1,2 17,40 22,16 7,00 9,46 25,27 117,18 0,00
EBITDA-Marge3 5,56 7,73 2,61 3,38 9,20 47,52 0,00
EBIT1,4 3,91 8,78 -10,69 -4,16 6,34 0,49 0,00
EBIT-Marge5 1,25 3,06 -3,98 -1,49 2,31 0,20 0,00
Jahresüberschuss1 -0,07 4,22 -21,78 -7,00 1,35 -3,53 -5,50
Netto-Marge6 -0,02 1,47 -8,11 -2,50 0,49 -1,43 -2,16
Cashflow1,7 18,43 10,89 19,75 18,22 19,62 17,86 0,00
Ergebnis je Aktie8 -0,02 0,64 -3,28 -1,10 0,21 -0,54 -0,85
Dividende8 0,60 0,60 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2020 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: BDO

INVESTOR-INFORMATIONEN
©boersengefluester.de
R. Stahl
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A1PHBB 21,800 Halten 140,39
KGV 2022e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
17,44 23,45 0,74 124,57
KBV KCV KUV EV/EBITDA
2,93 7,86 0,57 14,52
Dividende '19 in € Dividende '20e in € Div.-Rendite '20e
in %
Hauptversammlung
0,00 0,00 0,00 15.07.2021
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
11.05.2021 12.08.2021 10.11.2021 16.04.2021
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-6,07% -9,98% 0,00% 14,14%
    
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