![](https://app.feingold-research.com/assets/basic-icons/add2wl.png)
R. STAHL announces an unscheduled price increase as of 1 July, 2021 and adjusts sales outlook for 2021 accordingly
DGAP-News: R. Stahl AG
/ Key word(s): Change in Forecast
R. STAHL announces an unscheduled price increase as of 1 July, 2021 and adjusts sales outlook for 2021 accordingly Waldenburg, 10 June 2021 - Following a noticeable shortage of raw materials that also led to rising procurement costs, R. STAHL announces an unscheduled increase of its sales prices. As a result and effective 1 July 2021, list prices for products of the core program will be up 2.9% and for all other products by 4.9% on average. In addition to the strong worldwide growth driven by digitalization as well as high demand from China, shortages of iron ore and specialty plastics are the primary cost drivers of R. STAHL's key raw materials. Moreover, limited transport capacities lead to rising freight costs. R. STAHL expects that the announced price increase will largely compensate for the rise in procurement costs.
Forward-looking statements Contact: R. STAHL AG Dr. Thomas Kornek Senior Vice President Investor Relations & Corporate Communications Am Bahnhof 30 74638 Waldenburg (Württ.) Germany Tel. +49 7942 943-1395 investornews@r-stahl.com
10.06.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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: | 1206674 |
End of News | DGAP News Service |
|
1206674 10.06.2021