DGAP-News

R. STAHL publishes results for fiscal year 2015

DGAP-News: R. Stahl AG / Key word(s): Final Results
R. STAHL publishes results for fiscal year 2015

22.04.2016 / 09:33
The issuer is solely responsible for the content of this announcement.

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PRESS RELEASE

R. STAHL publishes results for fiscal year 2015

- Sales revenues remain robust while order intake declined

- One-off expenses for cost-cutting measures affected earnings

- New anchor-investor RAG-Stiftung Beteiligungsgesellschaft mbH

- Outlook on 2016 confirmed

Waldenburg, 22 April 2016 - R. STAHL, leading supplier of products and
systems for explosion protection, today published its audited results for
fiscal year 2015 and confirmed the preliminary figures already published:

- Order intake of EUR 317.3 million (previous year: EUR 335.2 million)

- Sales up to EUR 312.9 million (previous year: EUR 308.5 million)

- EBIT of EUR 3.9 million (previous year: EUR 18.3 million), EBIT-Margin
at 1.2 % (previous year: 5.9 %)

- Operating EBIT - adjusted by one-off expenses caused by the
cost-cutting measures - of EUR 11.4 million

- Executive Board and Supervisory Board propose a dividend of EUR 0.60
(previous year: EUR 0.80) per share

While there was a slight growth in sales of 1.4 % to EUR 312.9 million,
order intake slightly declined to EUR 317.3 million (previous year: EUR
335.2 million). Due to the persistently low oil price, investments of the
oil industry were cancelled or postponed resulting in a decreasing demand
for explosion-protected products and systems. Especially in regions with
high production, oil producers' (upstream oil and gas industry) propensity
to invest decreased. Whereas in the Americas and central region (without
Germany) order intake dropped, R. STAHL succeeded to strengthen its
position in the Asia-Pacific region. The subsidiary in India developed
particularly well. R. STAHL India supported the increased order intake
figures by winning the biggest Indian refinery as a customer who placed a
major order.
Overall, order intake grew by 7.1 % and reached EUR 76.7 million (previous
year: EUR 71.6 million). In Canada and the USA low oil prices led to a
reduced demand in the second half of 2015. Order intake declined by 26.3 %
to EUR 42.5 million (previous year: EUR 57.6 million).
In the central region (without Germany) the low oil price put a strain on
the oil producers' business developments. This trend reflected on R.
STAHL's order intake figures: with EUR 129.4 million, it fell by 7.8 %
compared to the previous year (EUR 140.3 million).
In Germany sales initiatives focusing on the chemical and pharmaceutical