Original-Research: R. STAHL AG - from NuWays AG Classification of NuWays AG to R. STAHL AG Company Name: R. STAHL AG ISIN: DE000A1PHBB5 Reason for the research: Update Recommendation: Kaufen
Company Name: R. STAHL AGTarget price: EUR 29.00Final Q1 out // Good start into 2024; chg. est.
To recap, Q1 sales grew 8.5% yoy to EUR 84.7m, driven by a strong order backlog of EUR 115m at the end of FY23. Further, while global supply chains remained partially disrupted in the previous year, there were no significant restrictions in Q1 FY24. Q1 adj. EBITDA decreased 19% to EUR 8.4m with a lower but still solid margin of 9.
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