Brief: R. Stahl AG reduces operating EBIT prognosis for 2016
10/08/2016 17:27
Aug 10 (Reuters) - R Stahl AG RSL2.DE :
* R. Stahl reduces operating EBIT prognosis for 2016
* R. Stahl's EBIT amounted to 5.3 million euros as of June
30, 2016 (previous year: 6.8 million euros), EBIT-margin reached
3.7% (previous year: 4.2%)
* As of June, 2016 generated order intake of 150.2 million
euros ($167.82 million) and reached sales revenues of 142.5
million euros
* Compared to previous year this signifies a decline in
sales of 21.5 million euros
* Decline resulted from cutbacks in investments and
cost-saving measures of oil and gas industry which suffers from
low oil price
* Reduces operating EBIT prognosis for entire financial year
2016 from 14 - 20 million euros to 11 - 15 million euros
* Expects an additional burden on sales and margins from
downstream business
* Now expects values of 275 - 285 million euros for order
intake and sales revenues
Source text for Eikon: ID:nEQ4MsZbGa
Further company coverage: RSL2.DE
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