Brief: Stabilus Preliminary FY Revenue At EUR 1.12 Bln

Stabilus SE

11/11/2022 06:03

Nov 11 (Reuters) - STABILUS SE  STM1.DE :
    * WITH RECORD REVENUE IN Q4 FY2022, STABILUS ACHIEVED ANNUAL
REVENUE OF €1.1 BILLION, EXCEEDING THE THRESHOLD OF €1 BILLION
FOR THE FIRST TIME
    * ACCORDING TO PRELIMINARY FIGURES, REVENUE IN FY2022 AT EUR
1,116.3 MILLION (FY2021: EUR 937.7 MILLION) AND ADJUSTED
EBIT 1 MARGIN AT 14.0% (FY2021: 14.4%)
    * FY PROFIT AT EUR 104.3 MILLION (FY2021: EUR 73.8 MILLION)
AND
FREE CASHFLOW BEFORE ACQUISITIONS (ADJUSTED. FCF 1 ) AT EUR 81.7
MILLION (FY2021: EUR 88.6 MILLION)
    * OUTLOOK 2023: FOR FY2023 REVENUE OF EUR 1.1 BILLION TO EUR
1.2
BILLON WITH AN ADJUSTED EBIT MARGIN OF 13% TO 14% EXPECTED
    * SURPASSED REVENUE THRESHOLD OF EUR 1 BILLION FOR FIRST
TIME,
THEREBY EXCEEDING REVENUE FORECAST RAISED IN AUGUST 2022
    * IN Q4, STABILUS INCREASED ITS REVENUE BY 39.5%
YEAR-ON-YEAR TO
EUR 320.3 MILLION (Q4 FY2021: EUR 229.6 MILLION)

Source text for Eikon:  ID:nEQ1NDfTxa 
Further company coverage:  STM1.DE 
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