Brief: Stabilus Says Q2 Result At EUR 18.1 Mln

Stabilus SE

08/05/2024 06:07

May 8 (Reuters) - Stabilus SE  STM1.DE :
    * EQS-NEWS: STABILUS SE CLOSES Q2 FY2024 WITH A SLIGHT
INCREASE IN
REVENUE
    * QTRLY ADJUSTED FCF^ 1  OF EUR 3.7 MILLION (Q2 FY2023: EUR
12.1
MILLION)
    * QTRLY Q2 RESULT AT EUR 18.1 MILLION (Q2 FY2023: EUR 42.6
MILLION)
    * STABILUS - FORECAST FOR FISCAL 2024 SPECIFIED TO LOWER END
OF
EXPECTED RANGE OF EUR 1.4 BILLION TO EUR 1.5 BILLION FOR REVENUE
    * FORECAST FOR FISCAL 2024 FURTHER SPECIFIED TO LOWER END OF
EXPECTED RANGE
    * EXPECTS A STRONGER BUSINESS DEVELOPMENT IN THIRD AND
FOURTH
QUARTERS OF FISCAL YEAR
    * FORCAST FOR FISCAL 2024 13% TO 14% FOR ADJUSTED EBIT
MARGIN
    * EXPECTS A STRONGER BUSINESS DEVELOPMENT IN THIRD AND
FOURTH
QUARTERS OF FISCAL YEAR

Source text for Eikon:  ID:nEQ44KTlda 
Further company coverage:  STM1.DE 

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