R. Stahl Reports Strong Financial Performance for 2023 and Anticipates Continued Growth in 2024

R. Stahl AG disclosed its 2023 annual financial results today, highlighting a significant rise in sales, profitability, and a robust order intake, while projecting an optimistic outlook for 2024. The company achieved a 20.5% increase in sales reaching €330.6 million and a substantial 73.0% improvement in EBITDA pre-exceptionals to €38.6 million. However, a full impairment on its investment in ZAVOD Goreltex lead to a net income drop to €0.2 million.

Despite various market challenges, R. Stahl experienced strong demand from the LNG, gas, and pharmaceutical industries, which propelled the order intake up by 9.3% to €342.5 million. The company noted a notable recovery in procurement markets and strategic stock build-ups that buoyed this growth. For 2024, the executive board expects sales to range between €335 million and €350 million, with EBITDA pre-exceptionals forecasted to be between €35 million and €45 million.