Germany · Delayed Price · Currency is EUR R. STAHL AG Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw stable sales and improved profitability from cost optimization, with Asia-Pacific outperforming due to one-time projects. The NEXUS program is driving transformation and cost savings, while guidance for 2026 is confirmed despite ongoing geopolitical and working capital challenges.
Fiscal Year 2025
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Sales and order intake declined 9–10% year-over-year, but EBITDA margin held at 11% due to one-time effects. The NEXUS transformation program aims for stabilization, digitalization, and growth to €500 million sales by 2030, requiring external funding and structural changes.
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Q3 2025 saw a 10.1% sales decline and weak demand across all regions, but EBITDA pre rose 28.8% due to cost reductions. Net profit improved, while free cash flow and net debt worsened amid inventory build-up. Outlook remains cautious, with stable low order momentum expected.
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Orders and sales declined sharply year-over-year due to economic uncertainty, leading to a net loss and negative free cash flow. Cost-saving measures, including site closure and workforce reduction, are underway, with guidance for 2025 revised downward.
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Record Q1 order intake was offset by a 13.4% sales decline and a net loss, as market uncertainty delayed project decisions. Despite regional sales drops, market share grew in Europe, and major offshore platform orders signal future growth potential.
Fiscal Year 2024
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Sales hit a record EUR 344.1 million, but order intake and profitability declined in H2 2024 due to economic uncertainty. Strategic focus is on internationalization, digitalization, and capacity expansion, with no dividend for 2024 amid ongoing market volatility.
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Q3 2024 saw a drop in order intake and profitability, despite slight sales growth and improved free cash flow from working capital reduction. Market uncertainty, sector weakness, and price pressure persist, but long-term prospects in hydrogen and nuclear remain positive.
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Q2 2024 delivered strong sales and profit growth, driven mainly by volume and project business, despite ongoing market weakness and rising personnel costs. Guidance for 2024 was raised to the upper end of the range, with further price increases planned.