R. STAHL adapts outlook for FY 2021 in view of rising market and procurement risks as well as further increasing costs

Waldenburg, 5 November 2021 - R. STAHL adapts its outlook for FY 2021 as a result of rising market and procurement risks and associated cost increases, which reached an order of magnitude that has not been foreseeable until recently. Sales are now expected to come in between €246 million to €250 million (previously: €254 million to €260 million) and EBITDA pre exceptionals between €14 million to €16 million (previously: €17 million to €19 million).
Shortages of raw materials and the resurgence of the COVID-19 pandemic in key regions will have an unexpectedly severe impact on coming sales in FY 2021. Moreover, higher cost for raw materials, energy and transport will additionally weigh on earnings.
According to preliminary figures for the third quarter 2021, R. STAHL generated sales of €62.1 million and an EBITDA pre exceptionals of €5.1 million, resulting in sales of €184.8 million in the first nine months of 2021 at an EBITDA pre exceptionals of €12.3 million. Against this backdrop, R. STAHL deems it highly unlikely to reach its previous outlook for FY 2021.
R. STAHL will release its interim report for the third quarter 2021 on 10 November 2021 as scheduled.

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 2020, global sales amounting to about €247 million were generated by 1,690 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.

Alternative performance indicators
The alternative performance indicator EBITDA pre exceptionals that is used in this release is not defined by international accounting standards. R. STAHL uses this indicator to improve the comparability of its business performance over time. EBITDA pre exceptionals is derived from earnings before interest, taxes, depreciation and amortization (EBITDA) less adjustments classified as 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).