EQS-News

Stabilus SE continues successful development with strong start to fiscal 2023

EQS-News: Stabilus SE / Key word(s): Quarter Results/Quarterly / Interim Statement Stabilus SE continues successful development with strong start to fiscal 2023 30.01.2023 / 07:00 CET/CEST The issuer is solely responsible for the content of this announcement. CORPORATE NEWS

 

Stabilus SE continues successful development with strong start to fiscal 2023

 

• Revenue increases by 19.3% to €290.7 million in Q1 FY2023: Automotive Powerise is again the growth driver; Industrial business unit also developing well

 

• Adjusted EBIT^[1] in Q1 at €32.6 million compared to €29.3 million in Q1 FY2022

 

• Q1 result at €15.5 million (Q1 FY2022: €18.0 million) and free cash flow before acquisitions (adj. FCF^[1]) at €32.7 million (Q1 FY2022: €7.4 million)

 

 

Koblenz, January 30, 2023 – Stabilus SE (WKN: STAB1L, ISIN: DE000STAB1L8), one of the world's leading suppliers of motion control solutions for a wide range of industries, was able to report strong development in the Automotive Powerise and Industrial units in its first quarter of fiscal 2023 ended December 31, 2022 and recorded significant revenue growth.

 

Group revenue increased to €290.7 million in the first quarter of fiscal 2023 from €243.7 million in the same period last year, corresponding to year-on-year revenue growth of 19.3%.

 

Dr. Michael Büchsner, CEO of Stabilus, said: "Revenue growth in the first quarter – both in absolute and organic terms – is at the same level as in the very successful fiscal year 2022. Our business development thus continues to defy the challenges posed by difficult macroeconomic conditions worldwide. While the ongoing geopolitical and associated economic uncertainty persists, we remain true to our objective of profitable growth, and our results show that we are able to meet them. "