Brief: Stabilus Q2 Adjusted EBIT Up At EUR 38.0 Million

Stabilus SE

12/04/2021 15:26

April 12 (Reuters) - STABILUS SA  STAB.DE :
    * SECOND QUARTER OF FINANCIAL YEAR 2021 BETTER THAN
EXPECTED;
FORECAST FOR FY2021 RAISED
    * Q2 REVENUE ROSE 10.4 PERCENT TO 244 MILLION EUR
    * GROUP REVENUE INCREASED BY 10.4 PER CENT YEAR-OVER-YEAR TO
EUR
244.0 MILLION IN Q2 FY2021 (Q2 FY2020: EUR 221.0 MILLION)
    * ADJUSTED EBIT GREW BY 22.2 PER CENT TO EUR 38.0 MILLION IN
Q2
FY2021 (Q2 FY2020: EUR 31.1 MILLION)
    * RAISING ITS FULL-YEAR GUIDANCE TO REVENUE OF EUR 900
MILLION TO
EUR 950 MILLION (PREVIOUSLY: EUR 850 MILLION TO EUR 900 MILLION)
WITH AN ADJUSTED EBIT MARGIN OF 13 TO 15 PER CENT (PREVIOUSLY:
12 TO 13 PER CENT)

Source text for Eikon:  ID:nEQ3QKt71a 
Further company coverage:  STAB.DE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))