Brief: Stabilus Specifies Guidance As EBIT Increases In Q3

Stabilus SE

31/07/2023 06:04

July 31 (Reuters) - Stabilus SE  STM1.DE :
    * ACHIEVES REVENUE GROWTH OF 13.1% IN Q3 FY2023 AND
SPECIFIES
GUIDANCE WITHIN FORECASTED RANGE
    * PROFITABILITY GRADUALLY INCREASED IN FY2023: ADJUSTED EBIT
IN Q3
AT EUR 41.9 MILLION, AFTER EUR 37.9 MILLION IN Q3 FY2022
    * SAYS OUTLOOK FOR FY2023 SPECIFIED WITHIN FORECASTED RANGE
TO
REVENUE OF EUR 1.2 BILLION WITH AN ADJUSTED EBIT MARGIN OF 13.0%
    * Q3 RESULT AT EUR 21.7 MILLION (Q3 FY2022: EUR 24.3
MILLION)
    * GROUP REVENUE IN Q3 OF FY2023 INCREASED BY 13.1%
YEAR-ON-YEAR TO
EUR 306.5 MILLION (Q3 FY2022: EUR 271.1 MILLION)
    * FURTHER 28% OF SHARES OF CULTRARO GROUP WERE ACQUIRED IN
JULY
2023 FOR A TOTAL PURCHASE PRICE OF EUR 14.6 MILLION (INCLUDING
EARN-OUT)

Source text for Eikon:  ID:nEQCrh4za 
Further company coverage:  STM1.DE 

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