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Annual General Meeting of R. STAHL AG approves a dividend of EUR 0.60 per share
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0 KommentareDGAP-News: R. Stahl AG / Key word(s): AGM/EGM/Dividend
Annual General Meeting of R. STAHL AG approves a dividend of EUR 0.60 per
share
03.06.2016 / 18:08
The issuer is solely responsible for the content of this announcement.
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Annual General Meeting of R. STAHL AG approves a dividend of EUR 0.60 per
share
03.06.2016 / 18:08
The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
PRESSEINFORMATION / PRESS RELEASE
Annual General Meeting of R. STAHL AG approves a dividend of EUR 0.60 per
share
Waldenburg, 3 June 2016 - The 23rd Annual General Meeting, which was held
in Neunstein today, approved a dividend distribution of EUR 0.60 (previous
year: EUR 0.80) per share for fiscal year 2015. Total distribution thus
amounts to EUR 3.9 m (previous year: EUR 5.2 m). With a dividend
distribution of EUR 0.60 per share, Executive Board and Supervisory Board
send a clear signal of strength and confidence.
Request for special audit rejected
The request for the appointment of a special auditor, which has been made
prior to the Annual General Meeting, has been rejected by the majority of
the shareholders after an intensive discussion. Executive Board and
Supervisory Board answered the questions of the shareholders regarding the
failed takeover attempt of Weidmüller Beteiligungsgesellschaft mbH in 2014
and the acquisition and the disposal of own shares. The majority of the
shareholders that took part in the vote on agenda item 6 saw no reason to
question the policy of the Management nor to have it examined by a special
auditor.
Start to the new fiscal year as planned
R. STAHL Group concluded the past fiscal year with a slight increase in
sales by 1.4 % to EUR 312.9 m (previous year: EUR 308.5 m) and a decline of
the EBIT to EUR 3.9 m (previous year: EUR 18.3 m). The operating EBIT
amounted to EUR 11.4 m (adjusted by one-off expenses caused by the
restructuring programme). The company reacted consequently to the
challenges of the low oil price and initiated appropriate measures to
secure the competitiveness of the company in autumn 2015. The main measures
were realised by the end of 2015. With an improved cost structure, the
Executive Board expects an increase of profitability in fiscal year 2016
despite a decline in revenue compared to the previous year. The results for
the first quarter of 2016 confirm this plan: In the first three months of
the current fiscal year, sales amounted to EUR 71.1 m and EBIT margin
increased to
4.6 %. With an eye to the further course of the year, CEO Martin Schomaker
comments: "In the third and fourth quarter of 2016, we expect positive
effects from our initiatives to reduce the production costs. We are well
positioned due to our package of measures. However, the forecast
uncertainty is higher due to the challenging market environment, as the
external factors that influence the business of R. STAHL Group may change
within a very short time." For the total fiscal year 2016, the company
anticipates sales of EUR 280 m to EUR 290 m and an increase in the
operating EBIT margin to 5 % to 7%.
About R. STAHL - www.stahl.de
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 operate in
growth industries, such as the oil & gas industry, the chemical and
pharmaceutical industry and the food industry. In 2015, global sales
amounting to EUR 312.9 million were generated by about 1,894 employees.
The shares of R. STAHL AG are traded on the Regulated Market/Prime Standard
of Deutsche Boerse (ISIN DE000A1PHBB5).
Contacts:
R. STAHL AG
Am Bahnhof 30, 74638 Waldenburg (Württ.)
Bernd Marx (CFO)
Phone: +49 7942 943 1271
Nathalie Kamm (Investor Relations)
Phone: +49 7942 943 1395
E-mail: investornews@stahl.de
---------------------------------------------------------------------------
03.06.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: R. Stahl AG
Am Bahnhof 30
74638 Waldenburg
Germany
Phone: +49 (7942) 943-0
Fax: +49 (7942) 943-4333
E-mail: info@stahl.de
Internet: www.stahl.de
ISIN: DE000A1PHBB5
WKN: A1PHBB
Listed: Regulated Market in Frankfurt (Prime Standard), Stuttgart;
Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Munich
End of News DGAP News Service
---------------------------------------------------------------------------
469201 03.06.2016
Annual General Meeting of R. STAHL AG approves a dividend of EUR 0.60 per
share
Waldenburg, 3 June 2016 - The 23rd Annual General Meeting, which was held
in Neunstein today, approved a dividend distribution of EUR 0.60 (previous
year: EUR 0.80) per share for fiscal year 2015. Total distribution thus
amounts to EUR 3.9 m (previous year: EUR 5.2 m). With a dividend
distribution of EUR 0.60 per share, Executive Board and Supervisory Board
send a clear signal of strength and confidence.
Request for special audit rejected
The request for the appointment of a special auditor, which has been made
prior to the Annual General Meeting, has been rejected by the majority of
the shareholders after an intensive discussion. Executive Board and
Supervisory Board answered the questions of the shareholders regarding the
failed takeover attempt of Weidmüller Beteiligungsgesellschaft mbH in 2014
and the acquisition and the disposal of own shares. The majority of the
shareholders that took part in the vote on agenda item 6 saw no reason to
question the policy of the Management nor to have it examined by a special
auditor.
Start to the new fiscal year as planned
R. STAHL Group concluded the past fiscal year with a slight increase in
sales by 1.4 % to EUR 312.9 m (previous year: EUR 308.5 m) and a decline of
the EBIT to EUR 3.9 m (previous year: EUR 18.3 m). The operating EBIT
amounted to EUR 11.4 m (adjusted by one-off expenses caused by the
restructuring programme). The company reacted consequently to the
challenges of the low oil price and initiated appropriate measures to
secure the competitiveness of the company in autumn 2015. The main measures
were realised by the end of 2015. With an improved cost structure, the
Executive Board expects an increase of profitability in fiscal year 2016
despite a decline in revenue compared to the previous year. The results for
the first quarter of 2016 confirm this plan: In the first three months of
the current fiscal year, sales amounted to EUR 71.1 m and EBIT margin
increased to
4.6 %. With an eye to the further course of the year, CEO Martin Schomaker
comments: "In the third and fourth quarter of 2016, we expect positive
effects from our initiatives to reduce the production costs. We are well
positioned due to our package of measures. However, the forecast
uncertainty is higher due to the challenging market environment, as the
external factors that influence the business of R. STAHL Group may change
within a very short time." For the total fiscal year 2016, the company
anticipates sales of EUR 280 m to EUR 290 m and an increase in the
operating EBIT margin to 5 % to 7%.
About R. STAHL - www.stahl.de
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 operate in
growth industries, such as the oil & gas industry, the chemical and
pharmaceutical industry and the food industry. In 2015, global sales
amounting to EUR 312.9 million were generated by about 1,894 employees.
The shares of R. STAHL AG are traded on the Regulated Market/Prime Standard
of Deutsche Boerse (ISIN DE000A1PHBB5).
Contacts:
R. STAHL AG
Am Bahnhof 30, 74638 Waldenburg (Württ.)
Bernd Marx (CFO)
Phone: +49 7942 943 1271
Nathalie Kamm (Investor Relations)
Phone: +49 7942 943 1395
E-mail: investornews@stahl.de
---------------------------------------------------------------------------
03.06.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: R. Stahl AG
Am Bahnhof 30
74638 Waldenburg
Germany
Phone: +49 (7942) 943-0
Fax: +49 (7942) 943-4333
E-mail: info@stahl.de
Internet: www.stahl.de
ISIN: DE000A1PHBB5
WKN: A1PHBB
Listed: Regulated Market in Frankfurt (Prime Standard), Stuttgart;
Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Munich
End of News DGAP News Service
---------------------------------------------------------------------------
469201 03.06.2016
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