Brief: Stabilus Q1 Result At EUR 12.2 Mln (Q1 FY2023: EUR 15.5 Mln)

Stabilus SE

29/01/2024 06:07

Jan 29 (Reuters) - STABILUS SE  STM1.DE :
    * MAKES A SOLID START TO FISCAL 2024 AND CONFIRMS FORECAST
    * FORECAST CONFIRMED FOR FISCAL 2024 WITH REVENUE OF EUR 1.4
BILLION TO EUR 1.5 BILLION AND AN ADJUSTED EBIT MARGIN IN RANGE
OF 13% TO 14%
    * DESTACO ACQUISITION IS STILL EXPECTED TO CLOSE BY END OF
FEBRUARY 2024
    * Q1 RESULT AT EUR 12.2 MILLION (Q1 FY2023: EUR 15.5
MILLION) AND
ADJUSTED FCF OF EUR 36.2 MILLION (Q1 FY2023: EUR 32.7 MILLION)
    * ADJUSTED EBIT IN Q1 AT EUR 33.3 MILLION COMPARED TO EUR
32.6
MILLION IN Q1 FY2023, CORRESPONDING TO A MARGIN OF 10.9% (Q1
FY2023: 11.2%)
    * REVENUE INCREASES BY 5.1% TO EUR 305.4 MILLION IN Q1
FY2024:
APAC AND EMEA REGIONS DRIVE GROWTH
    * IN Q1 FY2024, PROFIT WAS EUR 12.2 MILLION (Q1 FY2023: EUR
15.5
MILLION) AND ADJUSTED FREE CASH FLOW EUR 36.2 MILLION (Q1
FY2023: EUR 32.7 MILLION)

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

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