EQS-Adhoc: R. STAHL publishes preliminary figures for the first half of 2025 and adjusts forecast for full-year 2025

R. STAHL publishes preliminary figures for the first half of 2025 and adjusts forecast for full-year 2025

Waldenburg, July 28, 2025 – The Executive Board of R. STAHL AG today decided to revise its forecast for full-year 2025 downward, based on the preliminary figures for the first half of 2025 and the continued challenging economic environment.

The high level of global economic uncertainty and ongoing tariff disputes are affecting our customers’ final investment decisions and are having a negative impact on R. STAHL’s business. Following a temporary uptick in order activity in the first quarter of 2025, demand for electrical explosion protection slowed across nearly all customer sectors in the second quarter. Based on preliminary figures, the company generated sales of € 151.2 million in the first half of 2025, which is 13.1% below the prior-year period. EBITDA (earnings before interest, taxes, depreciation and amortization) pre exceptionals fell to € 8.9 million from January to June (previous year: € 19.3 million). Free cash flow declined to € -13.1 million during the same period (previous year: € -7.0 million).

Due to the persistently difficult economic environment, R. STAHL expects only a slight recovery in business activity in the second half of 2025 and is therefore adjusting its forecast for the full year. The Executive Board now expects Group sales of between € 320 million and € 330 million (previously: € 340 million to € 350 million). For EBITDA pre exceptionals, R. STAHL forecasts a figure of between € 25 million and € 30 million (previously: € 35 million to € 40 million), and now expects a balanced free cash flow (previously: a mid-single-digit positive million-euro amount). A slight decline in the equity ratio is anticipated for the current financial year (previously: slight increase).

The Executive Board introduced measures in the second quarter to align cost structures with the declining demand and thereby secure R. STAHL’s profitability.

The final figures for the first half of 2025 will be published as scheduled on August 7, 2025.

Explanatory notes on the financial key figures used can be found in the 2024 Annual Report of the R. STAHL Group at page at:
https://r-stahl.com/fileadmin/user_upload/mitarbeiter/02_EN/02_Corporate/03_Investor_Relations/02_IR_News_and_Publications/01_Financial_Reports/00_Overview/RSTAHL_AR_2024_EN.pdf

About R. STAHL – www.r-stahl.com
R. STAHL is one of the world's leading suppliers of electrical and electronic products and systems for explosion protection. These products and systems prevent explosions in hazardous areas and contribute to the safety of people, machines and the environment. The portfolio covers the portfolio segments Electrical, Automation as well as Lighting and is completed by the cross-divisional function Customer Solutions. Typical customers are the chemical and pharmaceutical industry, the oil & gas industry – including LNG applications – as well as the food and beverage industry. Most of the R. STAHL products are also approved for use with hydrogen. In 2024, global sales amounting to around € 344 million were generated by 1,743 employees. The shares of R. STAHL AG are traded on the Regulated Market/Prime Standard of Deutsche Boerse (ISIN DE000A1PHBB5).

Forward-looking statements
This release contains forward-looking statements based on assumptions and estimates of R. STAHL’s management. Although we assume that the expectations of these forward-looking statements are realistic, we cannot guarantee that these expectations will prove to be correct. The assumptions may involve risks and uncertainties that could cause the actual results to differ materially from the forward-looking statements. Factors that may cause such discrepancies include: changes in the macroeconomic and business environment, exchange rate and interest rate fluctuations, the roll-out of competing products, a lack of acceptance of new products or services, and changes in business strategy. R. STAHL does not plan to update these forward-looking statements nor does it accept any obligation to do so.