Brief: Stabilus Q1 Revenue Up At EUR 290.7 Mln

Stabilus SE

30/01/2023 06:07

Jan 30 (Reuters) - STABILUS SE  STM1.DE :
    * REVENUE INCREASES BY 19.3% TO EUR 290.7 MILLION IN Q1
FY2023:
AUTOMOTIVE POWERISE IS AGAIN GROWTH DRIVER; INDUSTRIAL BUSINESS
UNIT ALSO DEVELOPING WELL
    * ADJUSTED EBIT^ 1  IN Q1 AT EUR 32.6 MILLION COMPARED TO
EUR 29.3
MILLION IN Q1 FY2022
    * ADJUSTED EBIT 1 IN Q1 AT EUR 32.6 MILLION COMPARED TO EUR
29.3
MILLION IN Q1 FY2022
    * Q1 RESULT AT EUR 15.5 MILLION (Q1 FY2022: EUR 18.0
MILLION) AND
FREE CASH FLOW BEFORE ACQUISITIONS (ADJUSTED. FCF 1 ) AT EUR
32.7 MILLION (Q1 FY2022: EUR 7.4 MILLION)
    * Q1 RESULT AT EUR 15.5 MILLION (Q1 FY2022: EUR 18.0
MILLION) AND
FREE CASH FLOW BEFORE ACQUISITIONS (ADJUSTED. FCF^ 1 ) AT EUR
32.7 MILLION (Q1 FY2022: EUR 7.4 MILLION)
    * Q1 RESULT AT EUR 15.5 MILLION (Q1 FY2022: EUR 18.0
MILLION) AND
FREE CASH FLOW BEFORE ACQUISITIONS (ADJUSTED. FCF^ 1 ) AT EUR
32.7 MILLION (Q1 FY2022: EUR 7.4 MILLION)
    * ALL REGIONS CONTRIBUTE TO GROWTH IN Q1 FY2023; AMERICAS
STANDS
OUT
    * STABILUS CONFIRMS ITS FORECAST FOR FULL FISCAL YEAR 2023
AND
CONTINUES TO EXPECT REVENUE OF EUR 1.1 BILLION TO EUR 1.2
BILLION AS WELL AS AN ADJUSTED EBIT 1  MARGIN IN RANGE OF 13% TO
14%.
    * FORECAST FOR FISCAL 2023 CONFIRMED

Source text for Eikon:  ID:nEQb3Sc1ta 
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