EQS-News

Stabilus SE closes Q2 FY2024 with a slight increase in revenue

EQS-News: Stabilus SE / Key word(s): Quarter Results Stabilus SE closes Q2 FY2024 with a slight increase in revenue 08.05.2024 / 07:00 CET/CEST The issuer is solely responsible for the content of this announcement. CORPORATE NEWS

 

Stabilus SE closes Q2 FY2024 with a slight increase in revenue

 

• Revenue increases by 0.9% to €313.5 million in Q2 FY2024 despite challenging environment, APAC region primary growth driver

 

• Adjusted EBIT^[1] in Q2 at €38.9 million compared to €40.8 million in Q2 FY2023, corresponding to a margin of 12.4% (Q2 FY2023: 13.1%)

 

• Q2 result at €18.1 million (Q2 FY2023: €42.6 million); Prior-year quarter impacted by significant positive tax effect

 

• Adjusted FCF^[1] of €3.7 million (Q2 FY2023: €12.1 million)

 

• Forecast for fiscal 2024 further specified to the lower end of the expected range of €1.4 billion to €1.5 billion for revenue and 13% to 14% for the adjusted EBIT margin^[1] ; Catch-up effect expected in the second half of the year

 

• Acquisition of DESTACO successfully completed; Initial consolidation as of March 31, 2024

 

 

Koblenz, May 8, 2024 – Stabilus SE (WKN: STAB1L, ISIN: DE000STAB1L8), one of the world's leading suppliers of motion control solutions for a wide range of industries, closed the second quarter of fiscal 2024 ended March 31, 2024 with slight revenue growth in a challenging market environment. The positive development in the Asia-Pacific region (+12.1% revenue growth) and the stable development in the EMEA region (+0.2%) more than offset the weak demand in the Americas region (-4.1%). The Automotive (especially Automotive Powerise), Aerospace, Marine & Rail (AMR) and Health, Recreation & Furniture (HRF) segments were particularly strong.