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R. STAHL announces an unscheduled price increase as of 1 July, 2021 and adjusts sales outlook for 2021 accordingly

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DGAP-News: R. Stahl AG / Key word(s): Change in Forecast
10.06.2021 / 16:00
The issuer is solely responsible for the content of this announcement.

R. STAHL announces an unscheduled price increase as of 1 July, 2021 and adjusts sales outlook for 2021 accordingly

Waldenburg, 10 June 2021 - Following a noticeable shortage of raw materials that also led to rising procurement costs, R. STAHL announces an unscheduled increase of its sales prices. As a result and effective 1 July 2021, list prices for products of the core program will be up 2.9% and for all other products by 4.9% on average.

In addition to the strong worldwide growth driven by digitalization as well as high demand from China, shortages of iron ore and specialty plastics are the primary cost drivers of R. STAHL's key raw materials. Moreover, limited transport capacities lead to rising freight costs. R. STAHL expects that the announced price increase will largely compensate for the rise in procurement costs.
Based on its price increase announcement, R. STAHL lifts the sales outlook for FY 2021 from the previous range of €250 million to €256 million now to a range of €254 million to €260 million. The expectation for EBITDA pre exceptionals for FY 2021 remains unchanged between €17 million and €19 million.


About R. STAHL - www.r-stahl.com
R. STAHL is the world's leading supplier 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 are the oil & gas industry, the chemical and pharmaceutical industry and the food industry. In 2020, global sales amounting to €247 million were generated by 1,690 employees. The shares of R. STAHL AG are traded on the Regulated Market/Prime Standard of Deutsche Boerse (ISIN DE000A1PHBB5).

Forward-looking statements
This release contains forward-looking statements based on assumptions and estimates of R. STAHL's management. Although we assume that the expectations of these forward-looking statements are realistic, we cannot guarantee that these expectations will prove to be correct. The assumptions may involve risks and uncertainties that could cause the actual results to differ materially from the forward-looking statements. Factors that may cause such discrepancies include: changes in the macroeconomic and business environment, exchange rate and interest rate fluctuations, the roll-out of competing products, a lack of acceptance of new products or services, and changes in business strategy. R. STAHL does not plan to update these forward-looking statements nor does it accept any obligation to do so.


Contact:
R. STAHL AG
Dr. Thomas Kornek
Senior Vice President Investor Relations & Corporate Communications
Am Bahnhof 30
74638 Waldenburg (Württ.)
Germany

Tel. +49 7942 943-1395
investornews@r-stahl.com


10.06.2021 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.
Archive at 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:

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

EQS News ID:

1206674


 

End of News

DGAP News Service

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