Понедельник, 14. Ноябрь 2011 Ad hoc: Optimization measures show effect: Significant increase in sales and order intake at R. STAHL - Forecast revised due to project delays
Waldenburg, 14 November 2011 - A continuously positive economic environment characterized the course of the third quarter of 2011 at R. STAHL. The company could significantly increase order intake and sales. In the third quarter 2011, order intake achieved € 194.7 million (previous year: € 166.0 million). This corresponds to an increase of 17.3% compared to previous year's period.
Earnings: Optimization measures show effect
Compared to the first half of 2011, the earnings margins of R. STAHL improved, however, they still do not reach last year's figures. As already reported, after restructuring its production processes, the company, based in Waldenburg, could not realize sales as planned. A task force, that has then been set up, works on optimizing the production processes. With earnings before taxes (EBT) of € 11.2 million (previous year: € 10.7 million) and an operating EBT margin of 6.3% (previous year: 6.5%) the first success of these optimization measures can be seen. Earnings after taxes at € 7.8 million (previous year: € 7.2 million) are 8.1% higher than last year.
Forecast revised
Despite the significant improvements, the company will slightly fall below the forecast revenue corridor (€ 240 million to € 250 million) due to the delay of projects that are to be delivered in 2012 and will achieve sales revenues between € 235 million and € 240 million. In line with this development and because of the productivity losses that cannot be completely made up for, R. STAHL anticipates consolidated earnings before taxes amounting to € 14 million to € 16 million (originally: € 17 million to € 19 million). For the future, the company expects long-term improvements in efficiency from the continuous optimization of processes and assumes to be able to further increase EBIT margin in 2012 after having completely caught up on the processing backlog.
The detailed interim report on the third quarter will be published in the course of the morning.
If you have any questions please contact:
R. STAHL AG
Communications / Investor Relations
Tanja Schrickel
Am Bahnhof 30, 74638 Waldenburg (Württ. )
Phone: 07942.943-1217, Fax: 07942.943-40 1217,
e-mail: tanja.schrickel@stahl.de