Germany's R. Stahl Q1 sales remain flat on weak demand

R. Stahl AG

07/05/2026 06:44

Overview

Germany explosion protection supplier's Q1 sales stable yr/yr at EUR 73.4 mln

Profitability improved as EBITDA pre exceptionals rose 84% on cost measures and NEXUS program

Order intake fell 22% yr/yr amid weaker demand from chemical and machinery sectors

Outlook

R. Stahl forecasts 2026 sales between €285 mln and €300 mln

Company expects 2026 EBITDA pre exceptionals of €22 mln to €27 mln

R. Stahl anticipates break even free cash flow for 2026

Result Drivers

COST OPTIMIZATION - Profitability improved mainly due to cost optimization measures launched in the previous year and further measures under the NEXUS program

WEAKER CUSTOMER DEMAND - Order intake declined as customers, especially in the chemical and plant and machinery engineering sectors, were cautious about placing new orders

REGIONAL SALES TRENDS - Sales declined in Germany, Central Europe and the Americas, while project orders carried over from the previous year contributed to stabilization in Asia

Company press release: ID:nEQgRFkca

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
EUR 73.40 mln
Q1 EPS
-EUR 0.04
Q1 Net Income
-EUR 300,000
Q1 Capex
EUR 1.80 mln
Q1 Cash Flow from Operating Activities
-EUR 2.20 mln
Q1 EBIT
EUR 1.80 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the electrical components & equipment peer group is "buy"

Wall Street's median 12-month price target for R. STAHL AG is €18.88, about 45.2% above its May 6 closing price of €13.00

The stock recently traded at 54 times the next 12-month earnings vs. a P/E of 13 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)