Business has been overall satisfactory for R. Stahl in the 2008 financial year. Turnover grew by 4.5 % to 221.2 million EUR, slightly exceeding the projected volume of at least 220 million EUR. Incoming orders increased by 1.6% to 223.6 million EUR in the year under review. Standing out as a particularly pleasant figure, operating cash flow rose to 27.5 million EUR from 17.7 in the previous period. Due to this positive development, the company’s liquid assets amounted to 34.1 million EUR at the end of 2008, exceeding short- and long-term financial debt by 23.4 million EUR. R. Stahl was also able to further amend its equity ratio to 43.7 %. All told, the corporate group commands a solid financial structure giving it extensive financial leeway in economically challenging times.
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