Brief: Stabilus Cuts 2024 Outlook After Weaker-Than-Expected Revenue In Q3

Stabilus SE

11/06/2024 19:00

June 11 (Reuters) - STABILUS SE  STM1.DE :
    * ADJUSTMENT OF FORECAST FOR THE CURRENT FISCAL YEAR 2024
    * NOW EXPECTS REVENUES IN RANGE OF EUR 1.3 BILLION TO EUR
1.35
BILLION AND AN ADJUSTED EBIT MARGIN^ 1  OF 11.7% TO 12.3%
    * EXPECTATIONS ARE BELOW ITS ORIGINAL FORECAST OF EUR 1.4
BILLION
TO EUR 1.5 BILLION FOR REVENUES AND 13% TO 14% FOR ADJUSTED EBIT
MARGIN
    * ADJUSTED FORECAST IS BASED ON A WEAKER-THAN-EXPECTED
REVENUE
DEVELOPMENT IN Q3 FY2024 AND A MUTED OUTLOOK FOR Q4 FY2024
    * DUE TO ABOVE-MENTIONED EFFECTS, SEES NO EXPECTED RECOVERY
IN
SECOND HALF OF FY2024

Source text for Eikon:  ID:nEQ8kJrpma 
Further company coverage:  STM1.DE 

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