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EQS-News: R. Stahl AG / Key word(s): AGM/EGM
R. STAHL shareholders approve all agenda items at the Annual General Meeting with a clear majority
2024-06-27 / 16:50 CET/CEST
The issuer is solely responsible for the content of this announcement.
R. STAHL shareholders approve all agenda items at the Annual General Meeting with a clear majority
. 31st Annual General Meeting held in Pfedelbach as an in-person event
. 151 shareholders were on hand
. Attendance was 79.82% after 64.10% in the previous year
. CEO Dr. Mathias Hallmann spoke in detail about the Group's EXcellence 2030 strategy and confirmed
forecasts for full-year 2024
Waldenburg, 27 June 2024 - At R. STAHL's 31st Annual General Meeting held today, all agenda items submitted to a vote
were approved by a clear majority. 151 shareholders were present in the Nobelgusch community and festival centre in
Pfedelbach, Hohenlohe. They represented 5.14 million shares in the explosion protection specialist, corresponding to
79.82% of the share capital (previous year: 64.10%). Including votes submitted by post, 80.34% of the share capital was
represented (previous year: 78.68%).
The actions of the Executive Board and Supervisory Board were ratified by a clear majority for financial year 2023. BDO
AG, Wirtschaftsprüfungsgesellschaft, Hamburg, was appointed as auditor of the annual and consolidated financial
statements as well as auditor of the sustainability report, which R. STAHL has prepared annually since 2017. Following
the implementation of the CSRD Directive (Corporate Sustainability Reporting Directive) into German law, it is expected
that the sustainability report will be subject to an external audit requirement beginning in financial year 2024.
Shareholders also approved the Executive Board compensation report for the previous year and the compensation system
for the Executive Board, which has been expanded to include a sustainability component.
Executive Board reflects on positive financial year 2023 and discusses strategy
CEO Dr. Mathias Hallmann first presented the very positive overall business figures for 2023. He then provided examples
in his presentation to explain in detail the sustainable and successful implementation of the EXcellence 2030 Group
strategy. In addition to innovative digital products such as the digital twin, the Chairman of the Executive Board also
presented the opportunities in the hydrogen and nuclear growth markets. Alongside extensive investments at the German
sites in Waldenburg and Weimar, the company will continue to press ahead with its internationalization and
significantly increase capacity with the expansion of the Indian plant in Chennai. "We are making excellent progress
with the implementation of our strategy. The successes we have already achieved are an incentive for the entire
R. STAHL team to continue along the path we have chosen and to take advantage of the growth opportunities that present
themselves", says Dr. Hallmann.
Outlook for 2024 confirmed
The CEO remains optimistic for 2024 as a whole and has confirmed the forecasts. R. STAHL expects Group sales to grow to
between EUR 335 million and EUR 350 million (2023: EUR 330.6 million). EBITDA pre exceptionals will be between EUR 35 million
and EUR 45 million (2023: EUR 38.6 million). In terms of free cash flow, the company expects a mid single-digit positive
million euro amount in 2024 (2023: EUR 0.3 million).
The detailed voting results of today's Annual General Meeting and the presentation from the AGM will be available
shortly on the company's website under Investor Relations (https://r-stahl.com/en/global/corporate/investor-relations/
annual-general-meeting/).

About R. STAHL - www.r-stahl.com
R. STAHL is the world's leading supplier 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 product 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 2023, global sales amounting to around EUR 331 million were
generated by 1,721 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.
Contact:
R. STAHL AG
Judith Schäuble
Director Investor Relations & Corporate Communications
Am Bahnhof 30
74638 Waldenburg (Württ.)
Germany
Tel. +49 7942 943-1396
investornews@r-stahl.com
2024-06-27 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

Archive at www.eqs-news.com  
Language:     English 
Company:      R. Stahl AG 

Am Bahnhof 30
74638 Waldenburg
Germany

Phone:        +49 (7942) 943-0 
Fax:          +49 (7942) 943-4333 
E-mail:       investornews@stahl.de 
Internet:     www.r-stahl.com 
ISIN:         DE000A1PHBB5 
WKN:          A1PHBB 
Listed:       Regulated Market in Frankfurt (Prime Standard), Stuttgart; Regulated Unofficial Market in Berlin, 

Dusseldorf, Hamburg, Munich, Tradegate Exchange
EQS News ID: 1935049

End of News EQS News Service
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1935049 2024-06-27 CET/CEST

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June 27, 2024 10:50 ET (14:50 GMT)