DGAP-News

R. STAHL publishes the results of the first three quarters in 2016

DGAP-News: R. Stahl AG / Key word(s): 9-month figures/Conference
R. STAHL publishes the results of the first three quarters in 2016

10.11.2016 / 09:15
The issuer is solely responsible for the content of this announcement.

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PRESSEINFORMATION / PRESS RELEASE

R. STAHL publishes the results of the first three quarters in 2016
- Global presence expanded

- Order intake without major projects

- Results burdened by increased pricing pressure

Waldenburg, 10 November 2016 - R. STAHL, leading supplier of products and
systems for explosion protection, today publishes the results for the first
three quarters in 2016:

- Order intake reached EUR 215.5 m (previous year: EUR 243.0 m)

- At EUR 213.3 m, sales was according to plan (previous year:
EUR 237.7 m)

- Earnings before interest and taxes (EBIT) amounted to EUR 6.7 m
(previous year: EUR 8.4 m), EBIT margin was 3.2% (previous year: 3.5%)

From July to September 2016, the market situation did not change. The oil
price level was low, in a range of USD 40 to 50 per barrel of Brent. The
oil producing industry and then increasingly also the oil processing
industries reacted to the increased pressure and the reduced margins in the
refinery business.
R. STAHL made use of the third quarter 2016 to expand its global presence.
With the acquisition of an interest of 25% in ZAVOD Goreltex, number two in
the Russian explosion protection market, R. STAHL will gain an easier
access to the Russian market. The German company anticipates that
especially automation technology may be put on the market, as those part of
the product portfolio is neither manufactured locally nor is it subject to
an embargo. In addition, R. STAHL acquired 35% in its long-standing sales
partner, South-African company ESACO Pty. Ltd. The reasons for the decision
to be present on the African continent as well are the large investment
projects that are planned for the coming years in countries like Namibia,
Mozambique, Angola or Nigeria. Together with the South-African partner, the
market development in the region south of the Sahara will be pushed, to
continue the success we have experienced in the past years.

Order intake without major projects
On 30 September 2016, order intake was EUR 46.6 m in Germany (previous
year:
EUR 52.8 m).
In Europe (excl. Germany), order intake at EUR 99.9 m exceeded the previous
year's value by 3.5 % (previous year: EUR 96.5 m). R. STAHL could win
orders for terminal boxes and lighting technology for a project to