R. STAHL Reports Increased Sales and Updates Earnings Forecast for 2024

R. STAHL AG experienced an 8.6% rise in sales in the first nine months of 2024, reaching €261.4 million. Despite this growth, order intake fell short at €255.2 million compared to the previous year's €268 million. The company attributes decreased profitability to one-time expenses, with EBITDA pre exceptionals dropping from €32.5 million to €28.1 million, and the margin decreasing to 10.7% from 13.5%.

International markets, particularly the Americas, drove sales growth with a 27.3% increase. Germany, however, saw a slight decline. Challenges such as political and economic uncertainty have weakened customer investment by the third quarter.

R. STAHL confirmed its full-year sales forecast of €335-€350 million. The company adjusted its EBITDA forecast to €35-€40 million, impacted by strategic initiatives and rising costs. Free cash flow saw an improvement, decreasing its deficit to €-1.0 million. The equity ratio increased to 26.7% by September 2024.