Stabilus SE Ends Q2 FY2024 with Modest Revenue Boost

• Stabilus SE closed Q2 FY2024 with a slight increase in revenue, up by 0.9% to €313.5 million despite a challenging environment, with the APAC region being the primary growth driver.
• Adjusted EBIT in Q2 was at €38.9 million compared to €40.8 million in Q2 FY2023, corresponding to a margin of 12.4% (Q2 FY2023: 13.1%).
• Q2 result was at €18.1 million (Q2 FY2023: €42.6 million); the prior-year quarter was impacted by a significant positive tax effect.
• Adjusted FCF of €3.7 million was reported in Q2 FY2024 (Q2 FY2023: €12.1 million).
• The forecast for fiscal 2024 was further specified to the lower end of the expected range of €1.4 billion to €1.5 billion for revenue and 13% to 14% for the adjusted EBIT margin.
• The acquisition of DESTACO was successfully completed with initial consolidation as of March 31, 2024.

The next important date, Interim Report Q2 FY2024, at Stabilus is on 08.05.2024.

The price of Stabilus at the time of the news was 61,15EUR and did not change compared to the previous day.
14 minutes after the article was published, the price was 60,50EUR this corresponds to a minus of -1,06 % since publication.
At this time, the index MDAX was at 26.579,08PKT (-0,25 %).

Stabilus

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ISIN:DE000STAB1L8WKN:STAB1L

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