Brief: R Stahl H1 EBIT increases by 22.8 pct yoy
06/08/2015 07:39
Aug 6 (Reuters) - R Stahl AG RSL2.DE :
* Publishes results for first half of 2015 and reduces
expectations for medium term
* Compared to first half of 2014, H1 EBIT increased by 22.8
pct
* Still convinced that a two-digit EBIT margin can be
achieved as soon as market environment will improve
* Low oil price can already be felt in order books so that
H1 order intake was 1.4 pct below previous year's level
* In H1 achieved an increase in sales of 12.0 pct
* Assumes that forecast sales corridor of 380 million euros
($415 million)to 390 million euros ($426 million)and EBIT margin
objective of 11 pct to 12 pct cannot be achieved until 2016
* For 2016, executive board thus expects growth rates in low
single-digit range
Source text for Eikon: ID:nEQ6X8xHwa
Further company coverage: RSL2.DE
($1 = 0.9160 euros)
(Gdynia Newsroom)
((gdynia.newsroom@thomsonreuters.com; +48 58 698 39 20;))