Stabilus SE publishes full preliminary figures for FY2024: forecast for revenue and adjusted EBIT margin fulfilled

EQS-News: Stabilus SE / Key word(s): Annual Results Stabilus SE publishes full preliminary figures for FY2024: forecast for revenue and adjusted EBIT margin fulfilled 11.11.2024 / 07:00 CET/CEST The issuer is solely responsible for the content of this announcement. CORPORATE NEWS

 

Stabilus SE publishes full preliminary figures for FY2024: forecast for revenue and adjusted EBIT margin fulfilled

 

• According to preliminary figures, revenue in FY2024 grew by 7.5% to €1,305.9 million (FY2023: €1,215.3 million)

 

• Adjusted EBIT^[1] at €157.1 million, compared to €158.4 million in the previous year, corresponding to an adjusted EBIT margin of 12.0%

 

• Profit at €72.0 million (FY2023: €103.3 million) and adjusted free cash flow (adj. FCF^[1]) of €132.8 million (FY2023: €107.3 million)

 

Koblenz, November 11, 2024 – According to preliminary figures for fiscal 2024 (ended September 30, 2024), Stabilus SE (WKN: STAB1L, ISIN: DE000STAB1L8), one of the world's leading suppliers of motion control solutions for a wide range of industries, achieved revenue growth of 7.5% to €1,305.9 million and an adjusted EBIT margin of 12.0% in an economically very challenging environment, thus fulfilling its forecast for the fiscal year which was adjusted in June 2024.

 

Revenue in the fourth quarter of FY2024 increased by 9.4% year-on-year to €336.3 million (Q4 FY2023: €307.5 million). This increase was mainly due to the consolidation of Destaco, which had a positive effect on revenue of €46.6 million. Despite a very good performance in the APAC region (+14.1% organic revenue growth), Stabilus recorded at Group level an organic decline in revenue of 2.4% compared to the same quarter of the previous year. The adjusted EBIT margin of 12.5% in the fourth quarter was on a par with the previous two quarters of fiscal 2024.