Member access

4-Traders Homepage  >  News  >  Business Leaders  >  All news

Business Leaders

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesHot NewsMost Read NewsRecomm.Business LeadersVideosCalendar 
HomeAll newsMost read newsBusiness Leaders Biography 
Warren Buffett
Country of residence : USA
Birthday : 08/30/1930
Linked companies : Berkshire Hathaway Inc. - West Corp - Citigroup Finance Canada Inc
The feature you requested does not exist. However, we suggest the following feature:

R STAHL : publishes preliminary results for fiscal year 2014 (DGAP News)

02/27/2015 | 02:32am US/Eastern
DGAP-News: R. Stahl AG / Key word(s): Preliminary Results/Final
Results
R. STAHL publishes preliminary results for fiscal year 2014

27.02.2015 / 08:31

---------------------------------------------------------------------

R. STAHL publishes preliminary results for fiscal year 2014:
Order intake rises to record EUR 335.2 million, sales grow to EUR 308.5
million, EBIT reaches EUR 18.3 million

Waldenburg, 27 February 2015 - R. STAHL, leading supplier of products and
systems for explosion protection, today published its first preliminary
results for fiscal year 2014:

  - Order intake of EUR 335.2 million (previous year: EUR 304.1 million;
    +10.2%) and order backlog of EUR 90.5 million on 31.12.2014 (previous
    year: EUR 66.0 million; +37.1%) at new record levels.

  - Sales up 1.4%, year-on-year, at EUR 308.5 million (previous year: EUR
    304.4 million).

  - EBIT reaches EUR 18.3 million (previous year: EUR 24.9 million;
    -26.6%), EBIT margin of 5.9% (previous year: 8.2%); EBT down to EUR
    14.7 million (previous year: EUR 21.3 million, -31.1%), EBT margin of
    4.8% (previous year: 7.0%).

The results presented today are in line with the targets for order intake
and earnings set for 2014. The former rose by 10.2% and at EUR 335.2
million exceeded the forecast corridor. R. STAHL has thus set a new record
for order intake. The order backlog amounted to EUR 90.5 million on the
balance sheet date. This high level reflects the increased volume of
long-term projects for which revenue will not be recognized until later.
This was also the reason why sales in 2014 failed to match the high order
intake level, and, at EUR 308.5 million, fell short of the targeted figure.
This resulted in a book-to-bill ratio of 1.1.

R. STAHL benefits from its strong international presence. There was a
particularly encouraging increase in demand in the regions Asia/Pacific and
the Americas: order intake here rose by 48.1% and 20.4%, respectively. R.
STAHL's subsidiary in India, which moved to a larger location in 2013, for
example, won a prestigious major order for LED luminaires. Similar success
stories were also reported by R. STAHL's subsidiary in Texas.

"This strong demand confirms our expansion strategy," states R. STAHL's CEO
Martin Schomaker. "Despite the takeover attempt by Weidmüller
Beteiligungsgesellschaft mbH, we never wavered from our long-term growth
strategy, as our order intake figures impressively demonstrate."

Although the company has continued its expansion programme, efforts to fend
off the hostile takeover bid resulted in a temporary dip in earnings in
2014. With EBIT of EUR 18.3 million, however, the company reached its
forecast corridor.

CFO Bernd Marx commented: "Fiscal year 2014 was dominated by the hostile
takeover bid, which, above all, left its mark on earnings: with a direct
impact from additional consulting fees and an indirect impact from
postponed revenues." The extraordinary situation also tied up considerable
management capacities.

At the same time, R. STAHL continued its current investment programme to
expand facilities around the world as planned. The costs incurred by
capacity increases have not yet been fully offset by sales growth in the
early phase of expansion. As capacity utilization rises, however, economies
of scale will become more apparent.

Outlook for 2015

In view of the high order backlog and further strong demand, management
currently expects sales growth of 4% to 7% in fiscal year 2015. Improved
utilization of the expanded capacities will also lead to greater
profitability. Moreover, the launch of new high-margin products will help
enhance earnings.

The massive slump in oil prices over the past six months is not reflected
in R. STAHL's 2014 business. However, the company has prepared for weaker
investment in the oil industry by elaborating a number of possible
scenarios. R. STAHL is already focusing more strongly on those regions
where it still sees good opportunities thanks to lower local production
costs. In addition, the company is closely monitoring projects in the
chemical industry in an attempt to partly offset the effects of low oil
prices by strengthening its presence in other sectors.
 

Key figures of R. STAHL Group according to IFRS




                               2014              2013


                               in EUR million    in EUR million    Change

Sales, total                   308.5             304.4             + 1.4%
Order intake                   335.2             304.1             + 10.2%
                               90.5              66.0              + 37.1%
Order backlog

EBIT                           18.3              24.9              - 26.6%
EBIT margin (in %)             5.9%              8.2%
EBT (earnings before taxes)    14.7              21.3              - 31.1%
EBT margin (in %)              4.8%              7.0%
Employees as at 31 December    1,942             1,853             + 4.8%
(excluding apprentices)




The full report for the fiscal year 2014 will be published on 14 April
2015.

Financial calendar 2015

14 April  Publication of annual report 2014
Analyst conference in Frankfurt
7 May   Q1 report
22 May  Annual General Meeting in Neuenstein
6 August  H1 report
5 November  Q3 report

 

About R. STAHL
R. STAHL is one of the world's leading suppliers 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 industries, such as the oil & gas industry, the chemical and
pharmaceutical industry and the food industry. In 2014, global sales
amounting to EUR 308.5 million were generated with about 1,942 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 Dirian (Investor Relations)
Phone: +49 7942 943-1395  

Frank Schwarz (Investor Relations)
Phone: +49 611 5802-9290
 
E-mail: investornews@stahl.de



---------------------------------------------------------------------

27.02.2015 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.
Media archive at www.dgap-medientreff.de and 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  
---------------------------------------------------------------------  
327631 27.02.2015

© Acquiremedia 2015

React to this article
Latest news about Warren Buffett 
The 'Brown Buffett' and 'Oracle of San Quentin'
1 day ago - By Anupreeta Das A Sri Lankan-born venture capitalist wants to be the "brown Buffett." Rapper and entrepreneur Jay Z called himself the "black Warren Buffett." There are Buffetts of Tanzania, India and Spain--and a convicted murderer ...
Blackstone Seeks 'Coalition' Partners --Update
2 days ago - By Simon Clark Blackstone Group is talking to its biggest investors to create a "coalition of the willing" that can buy control of large companies outside of its existing funds, according to Joe Baratta, head of private equity at the ...
Buffett sets sights on German companies
2 days ago - BERLIN (Reuters) - Renowned U.S. investor Warren Buffett is readying for an acquisition spree in Europe's biggest economy after setting the ball rolling last week with the purchase of a niche German retailer by his Berkshire Hathaway (&g...
Warren Buffett ditches Big Oil and buys more IBM
02/19 - Recent filings reveal what the Oracle of Omaha is buying and selling. He’s been dumping Big Oil and buying into IBM, so much
Advertisement
Latest news about Warren Buffett 
1  2  3  4  5  6  7  8  9  10Next

Popular Business Leaders 
Sheldon Adelson Paul Allen Anil Ambani Bernard Arnault Luc Besson Vincent Bolloré Martin Bouygues Warren Buffett Arpad Busson Stéphane Courbit Benjamin De Rothschild Larry Ellison Albert Frère Bill Gates Philip Green Carl Icahn Peter Lynch Maurice Lévy Lakshmi Mittal Rupert Murdoch Jean-charles Naouri Xavier Niel Larry Page Nelson Peltz François-henri Pinault Franck Riboud Carlos Slim Donald Trump Guy Wyser-pratte
A-Z Business Leaders
Dynamic quotes  
ON
| OFF