08.11.2018 07:00:25
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R. STAHL publishes figures for Q3 2018: Further improved profitability and financial position as a result of growing sales and improved cost structures
PRESS RELEASE R. STAHL publishes figures for Q3 2018: Further improved profitability and financial position as a result of growing sales and improved cost structures
Waldenburg, 8 November 2018 - R. STAHL, leading supplier of products and systems for explosion protection, today publishes figures for the third quarter 2018. Higher sales and lower costs improved R. STAHL's profitability and financial position year-on-year. "In the third quarter 2018, we again progressed with our efficiency program R. STAHL 2020 according to plan", said R. STAHL's CEO, Dr. Mathias Hallmann. "The consistent implementation of these measures will continue to be the focus of our work in the coming months", Dr. Hallmann added. In the third quarter 2018, R. STAHL grew sales to EUR69.8 million (Q3 2017: EUR66.0 million), a year-on-year increase of 5.8%. The business in Germany developed very well, generating growth of 27.6% to EUR19.5 million (Q3 2017: EUR15.3 million), particularly as a result of completions and deliveries for a large project in Eastern Europe. The Central region - consisting of Africa and Europe excluding Germany - posted a sales decline of 6.1% year-on-year to EUR28.9 million (Q3 2017: EUR30.7 million). Business in the Americas region again developed nicely. Here, the growth momentum of the previous quarter continued, leading to an increase of sales of 24.0% year-on-year to EUR8.1 million (Q3 2017: EUR6.5 million). A major contribution came from the reorganization of our subsidiary in the USA, which was particularly able to further increase the business with customers from the chemical industry. In Asia, sales of EUR13.3 million in Q3 2018 were on par with last year (Q3 2017: EUR13.4 million). Higher sales, improved cost structures and an exceptional income from a sale of a property in Ettlingen significantly increased earnings before interest, tax, depreciation and amortization (EBITDA) to EUR6.6 million in the quarter under review (Q3 2017: EUR1.9 million). Similarly, EBITDA pre exceptionals developed nicely and nearly doubled year-on-year to EUR6.3 million (Q3 2017: EUR3.2 million). This also translated into an increase of earnings before interest and taxes (EBIT) by EUR4.8 million to EUR3.6 million (Q3 2017: EUR-1.2 million). Net profit improved to EUR2.6 million (Q3 2017: EUR-1.5 million) and earnings per share to EUR0.40 (Q3 2017: EUR-0.24). At the end of Q3 2018, net debt was lowered to EUR8.4 million. The equity ratio further improved to 28.2% quarter-on-quarter (30 June 2018: 26.8%).
1) Africa and Europe excl. Germany 2) Exceptionals: restructuring charges, non-scheduled depreciation and amortization, charges for design and implementation of IT-projects, M&A costs as well as profit and loss from the disposal of non-current assets no longer required for business operations. 3) Net debt: interest-bearing financial liabilities - cash and cash equivalents 4) Excl. apprentices
The Chief Financial Officer of R. STAHL AG, Volker Walprecht, will explain the results of Q3 2018 in an investors' and analysts' conference call today at 09:00 CET and will be available for questions and discussions afterwards. The conference call will be held in English language. Please dial the following number to join the call and provide the following PIN as well as your full name and company when prompted: DE: +4969201744210 Along with the conference call we will provide an online presentation via the internet simultaneously. Please log on as a participant on the following website (no pass-word required): Website: https://webcasts.eqs.com/rstahl20181108/no-audio An audio cast will be available shortly after the conference call has ended on the company's website under the following link:
2018 2019
Contact: End of Media Release Issuer: R. Stahl AG Key word(s): Finance
08.11.2018 Dissemination of a Press Release, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | R. Stahl AG |
Am Bahnhof 30 | |
74638 Waldenburg | |
Germany | |
Phone: | +49 (7942) 943-0 |
Fax: | +49 (7942) 943-4333 |
E-mail: | investornews@stahl.de |
Internet: | www.r-stahl.com |
ISIN: | DE000A1PHBB5 |
WKN: | A1PHBB |
Listed: | Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Tradegate Exchange |
End of News | DGAP Media |
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