R. Stahl AG  / Key word(s): Change in Forecast08.04.2014 17:07Dissemination of an Ad hoc announcement according to § 15 WpHG, transmittedby DGAP - a company of EQS Group AG.The issuer is solely responsible for the content of this announcement.---------------------------------------------------------------------------R. STAHL AG updates the forecast for the current fiscal yearWaldenburg, 08 April 2014 - After the first quarter of 2014, the ExecutiveBoard of R. STAHL AG decided to adjust the sales forecast for the currentfiscal year. As delays in project business still weakened order intake inthe fourth quarter of 2013, R. STAHL achieved sales revenues of about EUR68 million in the first quarter of 2014, and thus below the ownexpectations. Despite a record order intake during the first three months,the group will not be able to completely balance the weak first quarter inthe course of the year. Instead of growth in sales of 6% to 7%, theExecutive Board currently expects growth between 3.5% and 6.8% for thisyear, or revenues amounting to EUR 315 million to EUR 325 million,respectively. The group's international expansion programme led to higherfixed costs, which still restrict profitability until full capacityutilization will be achieved. Furthermore, there is the risk that exchangerate developments will slow down results. In regard to EBIT, we thereforecurrently anticipate results between EUR 24 million and EUR 26 million for2014; an amount that will be on previous year's level.Based on the high order intake that amounts to about EUR 88 million in thefirst quarter of 2014, the Executive Board anticipates realization of theaspired increase in order intake and continuation of growth in the currentfiscal year and beyond. That is why R. STAHL will implement the investmentsfor capacity expansion, which have been planned for 2014, as scheduled.---------------------------------------------------------------------------Information and Explaination of the Issuer to this News:For more information:R. STAHL AGAm Bahnhof 30, 74638 Waldenburg (Württ.)Bernd Marx (CFO)Phone: + 49 7942 943-1271Nathalie Dirian (Investor Relations)Phone: +49 7942 943-1395Frank Schwarz (Investor Relations)Phone: +49 611 1745-39 811e-mail: investornews@stahl.de08.04.2014 DGAP's Distribution Services include Regulatory Announcements,Financial/Corporate News and Press Releases.Media archive at www.dgap-medientreff.de and www.dgap.de--------------------------------------------------------------------------- Language:     EnglishCompany:      R. Stahl AG              Am Bahnhof 30              74638 Waldenburg              GermanyPhone:        +49 (7942) 943-0Fax:          +49 (7942) 943-4333E-mail:       info@stahl.deInternet:     www.stahl.deISIN:         DE000A1PHBB5WKN:          A1PHBBListed:       Regulierter Markt in Frankfurt (Prime Standard), Stuttgart;              Freiverkehr in Berlin, Düsseldorf, Hamburg, München End of Announcement                             DGAP News-Service ---------------------------------------------------------------------------