Stabilus SE publishes full preliminary figures for FY2024: forecast for revenue and adjusted EBIT margin fulfilled - Seite 2

 

On a full-year basis, the Group generated revenue of €1,305.9 million according to preliminary figures, compared to €1,215.3 million in the previous year. This represents an increase of 7.5% (organic +0.6%) year-on-year. Adjusted EBIT amounted to €157.1 million (FY2023: €158.4 million) and the adjusted EBIT margin was 12.0%. According to preliminary figures, the Stabilus Group's adjusted free cash flow of €132.8 million in FY2024 was significantly higher than in the previous year (€107.3 million in FY2023). On the one hand, this is due to the free cash flow of the acquired Destaco. On the other hand, the Group-wide increase in adjusted free cash flow is due to optimization of net working capital which for example includes liquidity management measures as part of receivables and payables management. These are expected to be reversed in the following quarters in the amount of €15 million.

 

Dr. Michael Büchsner, CEO of Stabilus, said: "The past financial year shows that our strategy of diversification and expansion of our industrial business has proved to be successful, especially in a difficult environment. We continue to focus on innovation and the structural trends that benefit our motion control solutions. Destaco's strong position in the industrial automation market not only balances the Stabilus Group's industrial and automotive revenues, but also creates a more favorable risk profile in the current market situation."

 

Strong organic revenue growth in APAC in FY2024

In Asia-Pacific (APAC), the company recorded strong revenue growth of 16.1% year-on-year to €311.5 million (FY2023: €268.2 million), while revenue in EMEA increased by 5.8% to €525.5 million (FY2023: €496.6 million). In the Americas, revenue grew by 4.1% year-on-year to €469.0 million (FY2023: €450.5 million). The absolute revenue growth in the latter regions is primarily due to the consolidation of Destaco, while organically the revenue declined by 1.2% and 5.7%, respectively. In EMEA, this was mainly due to a weak market for light commercial vehicles and in the Americas because of the weakening Energy & Construction and Automotive sectors.