DGAP-News

R. STAHL publishes the results for the first quarter 2016 - Seite 3

the cost of materials declined to 33.9 % (previous year: 34.4 %). Compared
to last year, the personnel costs declined by 11.3 %. On 31 March 2016,
EBIT margin based on sales revenues amounted to 4.6 % (previous year: 5.0
%). EBT reached EUR 2.6 m (previous year: EUR 3.5 m) and EBT margin was at
3.6 % (previous year: 4.3 %). Further savings, especially in the material
costs and the production costs, should further improve the rate of return
in the course of the business year.

Solid equity base
As at 31 March 2016, R. STAHL's equity ratio amounted to 34.4 % (31
December 2015: 36.2 %). Long-term liabilities increased by 5.6 %. Reason
for this increase was the rise in provisions for pension obligations, as
the underlying interest rate declined as of 31 March 2016.
The long-term assets were on last year's level, while the short-term assets
increased by 3.6%. Due to a number of deliveries in March, the accounts
receivables increased by 4.9 % as at the balance sheet day.

Full-year forecast confirmed
For the current fiscal year 2016, the expert in explosion protection
expects a sideward movement of the oil price and thus no significant change
in the investment behaviour of the customers in the oil and gas industry.
Even with stable oil prices, positive impulses from the maintenance
business may be expected: regular maintenance and overhaul are
indispensable to ensure the safety of man, machine and the environment.
R. STAHL will continue the sales initiatives that have already been started
and will increasingly approach customers in the pharmaceutical and chemical
industry. In order to reduce dependence on the oil and gas sector, R. STAHL
will exploit further market potentials by offering products for marine
lighting in the Non-Ex area as well. For the full year 2016, R. STAHL
experts order intake and sales between EUR 280 m and EUR 290 m.

Profitability will furthermore be increased by innovative and high-margin
new products and with a continuous optimization of material costs and
production costs, and efforts to improve margins will be increased. The
forecast corridor 2016 for the EBIT is between EUR 14 m and EUR 20 m.

As external influences on our business may change within a very short time,
the forecast uncertainty is higher.

Conference call
R. STAHL AG invites all interested analysts, investors and journalists to
take part in our conference call on occasion of the publication of the
quarterly figures on
10 May 2016 at 10 a.m. Please dial the following phone number:

DE: [phone]