EQS-News: R. Stahl AG
/ Key word(s): Quarterly / Interim Statement/Quarter Results
R. STAHL with significant increase in sales and earnings in the first nine months of 2023 – Earnings forecast for full-year 2023 raised
Waldenburg, 7 November 2023 - R. STAHL with very successful conclusion to the first three quarters of 2023. There were improvements in all key financial indicators. Demand for the company’s products and services remained high in nearly all regions and industries once again in the third quarter of 2023. The continued easing of supply chain issues is also having a positive impact on business. Order intake up 15.5% after nine months – high order backlog of € 132.4 million The increase in order volumes was mainly buoyed by the international markets. With order intake exceeding sales in the first nine months, the order backlog as of 30 September increased by 21.0% to € 132.4 million (31 December 2022: € 109.4 million). All regions contribute to the 18.9% increase in sales to € 240.7 million Profitability improves sharply – EBITDA pre exceptionals up € 15.9 million to € 32.5 million From January to September 2023, R. STAHL substantially reduced working capital by € 28.8 million (9M 2022: € 17.9 million). In addition to higher business volume, this was mainly due to the significant increase in inventories to secure delivery capability and higher trade accounts receivable. The significant increase in working capital had a negative impact on free cash flow. Although this figure improved slightly to € ‑10.4 million (previous year: € ‑11.6 million), it was still clearly negative. The equity ratio improved to 29.0% as of 30 September 2023 (31 December 2022: 27.5%). Management Board raises earnings forecast for 2023 Based on the current macroeconomic, sector-specific and company-specific situation, the Executive Board is raising its earnings forecast for full-year 2023. The company now expects EBITDA pre exceptionals to be between € 35 million and € 40 million (previously: € 30 million to € 36 million). Group sales are expected to be in the upper range of the target corridor of € 305 million to € 320 million. Free cash flow expected to be in the low single-digit negative million euro range for full-year 2023. “R. STAHL again significantly increased sales and profitability in the third quarter. The increase in the forecast for 2023 underscored the fact that we are very well positioned with the strategy we have adopted to grow profitably in the medium and long term”, says Dr. Mathias Hallmann, CEO of R. STAHL. Key figures of R. STAHL group for Q3 and 9M 2023 pursuant to IFRS
1) Africa and Europe without Germany Percentages and figures in may include rounding differences. The signs used to indicate rates of changes are based on mathematical aspects. Rates of changes > +100% are shown as >+100%, rates of change <-100% as „n/a“ (not applicable) Note
Financial Calendar 2024
Investors‘ and analysts‘ conference call of R. STAHL for Q3/2023 Chief Executive Officer of R. STAHL AG, Dr. Mathias Hallmann, will explain the results of Q3 2023, will present an outlook for the current year today, November 7, 2023 at 10:00 CET Afterwards he will be available for questions. The conference call will be held in English language. To participate (acoustically) in the conference call, please use the link below. After registration, that you may do at any time, you will receive dedicated dial-in details to easily and quickly access the call at the specified time: Along with the conference call, we will provide the presentation (visually only) through an online webinar. Please log on as a participant on the following website (no password required); this link is provided to you again with the dial-in details for the conference call: https://www.webcast-eqs.com/rstahl-q3-2023/no-audio A replay of the audio webcast will be available shortly after the conference call has ended on the company’s website in the section corporate > investor relations > IR news and publications (https://r-stahl.com/en/global/corporate/investor-relations/ir-news-and-publications/events-and-presentations) We look forward to talking to you.
About R. STAHL – www.r-stahl.com Typical customers are the chemical and pharmaceutical industry, the oil & gas industry - including LNG applications - as well as the food and beverage industry. Most of the R. STAHL products are also approved for use with hydrogen. In 2022 global sales amounting to around €274 million were generated by 1,676 employees. The shares of R. STAHL AG are traded on the Regulated Market/Prime Standard of Deutsche Boerse (ISIN DE000A1PHBB5).
Forward-looking statements Contact: R. STAHL AG Judith Schäuble Director Investor Relations & Corporate Communications Am Bahnhof 30 74638 Waldenburg (Württ.) Germany Tel. +49 7942 943-1396 investornews@r-stahl.com
07.11.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
Language: | English |
Company: | R. Stahl AG |
Am Bahnhof 30 | |
74638 Waldenburg | |
Germany | |
Phone: | +49 (7942) 943-0 |
Fax: | +49 (7942) 943-4333 |
E-mail: | investornews@stahl.de |
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: | 1766083 |
End of News | EQS News Service |
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1766083 07.11.2023 CET/CEST
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