R. STAHL publishes key figures on the first half of 2007 and raises
its sales guidance for
Order intake increased 28 percent year-on-year - management expects 2007 sales at EUR 190-200m (previously: EUR 180-190m)
Waldenburg, 26 July 2007 - R. STAHL Group is now fully focussed on explosion protection. In the first six months of 2007, consolidated sales improved 24.3% to EUR 97.2m (previous year: EUR 78.2m) indicating that the group is staying its growth course.
Pre-tax earnings reached EUR 11.5m (previous year: EUR 8.6m). This includes EUR 1.6m in extraordinary earnings from divesting the IT division at the beginning of this year. 6M-earnings stand at EUR 5.5m after a one-off tax provision of EUR 2.5m.
In the period under review, order intake came to EUR 111.1m (previous year: EUR 86.5m) representing a 28.4% increase year-on-year. Orders on hand rose to EUR 45.4m (previous year: EUR 26.8m).
The robust business growth in our customer sectors and all sales regions contributed to our healthy operating development in the first half of fiscal 2007. While our German sales remained at the high level of the preceding year, our revenues in the Americas (+46%) and in the Asian/Pacific region (+51%) advanced considerably. The implementation of our growth strategy for these regions is bearing first fruit there. We moreover managed to grow our sales in Europe (excluding Germany) by 35.4%. This brings R. STAHL's foreign sales share to 70% after 63% in 2006.
In light of our business development so far this year, R. STAHL Technologies' management increased the sales guidance for fiscal 2007 to EUR 190-200m (from EUR 180-190m). Pre-tax operating earnings will probably turn out near the upper edge of the target range of 8-10% of sales.
All of the above figures are still preliminary and subject to revision as the audit progresses. R. STAHL will publish its detailed report on the first half of this fiscal year on 14 August 2007.
R. STAHL AG Communication / Investor Relations Judith Schäuble Am Bahnhof 30, D-74638 Waldenburg, Germany
Phone: +49 (7942) 943-1217, Fax: +49 (7942) 943-1364 E-mail: firstname.lastname@example.org
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R. STAHL AG Am Bahnhof 30 Waldenburg
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