Brief: R Stahl lowers EBIT forecast for 2016
09/11/2016 16:40
Nov 9 (Reuters) - R Stahl AG RSL2.DE :
* Lowers EBIT forecast for 2016
* As at 30 September 2016, R. Stahl achieved order intake
amounting to 215.5 million euros ($235.78 million)and generated
sales revenues of 213.3 mln euros
* While order intake and sales thus are within planned
corridor for full year 2016, profit situation of company
deteriorated significantly in Q3 of 2016
* Until now, mainly companies in oil production sector have
been affected by low oil price; now, companies in subsequent
industry sectors increasingly come under pressure
* Due to above mentioned factors, profit situation
deteriorated significantly in Q3 2016, against expectations
* Adjusts forecast for full year 2016: figures for order
intake and sales will remain unchanged between 275 mln to 285
mln euros
* FY forecast corridor for EBIT will be reduced to 6 mln to
8 mln euros (until now: 11 mln to 15 mln euros). This results in
an EBIT margin of 2 to 3 % (until now: 4 to 5 %)
* With focus on years 2017 and 2018, executive board
positions company to reach former profitability again,
irrespective of a recovery in oil and gas sector
Source text for Eikon: ID:nEQ4vFM0V
Further company coverage: RSL2.DE
($1 = 0.9140 euros)
(Gdynia Newsroom)
((gdynia.newsroom@thomsonreuters.com; +48 58 722 0920;))