EQS-News

Stabilus SE continues successful development with strong start to fiscal 2023 - Seite 3

 

Overall, 35% (Q1 FY2022: 37%) of Group revenue in Q1 FY2023 was attributable to the Industrial business unit and 65% (Q1 FY2022: 63%) to the two automotive business units Automotive Powerise and Automotive Gas Spring.

 

Adjusted EBIT margin of 11.2% in the first quarter 2023

Adjusted operating profit (adjusted EBIT^[1]) increased by 11.3% to €32.6 million in Q1 FY2023 (Q1 FY2022: €29.3 million). This corresponds to an adjusted EBIT margin of 11.2% compared to 12.0% in the same period Q1 FY2022.

 

In Q1 FY2023, profit was €15.5 million (Q1 FY2022: €18.0 million) and free cash flow before acquisitions (adj. FCF^[1]) €32.7 million (Q1 FY2022: €7.4 million).

 

Forecast for fiscal 2023 confirmed

Stabilus confirms its forecast for the full fiscal year 2023 and continues to expect revenue of €1.1 billion to €1.2 billion as well as an adjusted EBIT^[1] margin in the range of 13% to 14%.

 

The quarterly statement for the first quarter of fiscal 2023 can be downloaded on the company's website at Investors / Financial Reports & Presentations.

________________________

^[1] Cf. definition/calculation of KPI’s adjusted EBIT and free cash flow before acquisitions (adj. FCF) in our Quarterly Statement Q1 FY2023, pages 12 and 14, that can be downloaded from the company’s website at Investors / Financial Reports & Presentations.

 

Investor contact:
Andreas Schröder
Tel.: + 49 261 8900 8198
E-Mail: [e-mail]

 

Press contact:
Peter Steiner
Tel.: [phone]
E-Mail: [e-mail]
Charles Barker Corporate Communications

 

About Stabilus

Stabilus is one of the world's leading providers of motion control solutions for customers across a broad spectrum of industries including mobility, health, recreation, furniture, energy, construction, industrial machinery and automation. With more than eight decades of demonstrated expertise, Stabilus offers reliable and innovative motion control solutions that enable, enhance and automate opening, closing, lifting, lowering and adjusting actions. The company's customized damping and vibration isolation technology protects against shocks, vibrations and noise. Employing a workforce of more than six thousand worldwide, the company has its operational headquarters in Koblenz, Germany. In the 2022 fiscal year, Stabilus has reported revenues of €1.1 billion. Stabilus has a global production network encompassing plants in eleven countries. Additionally, the Group maintains regional offices and relations to sales partners in over fifty countries in Europe, North and South America, as well as in Asia-Pacific. Stabilus SE is listed in the Prime Standard segment of the Frankfurt Stock Exchange and included in the MDAX index.