Germany · Delayed Price · Currency is EUR Stabilus SE Earnings Call Transcripts
Fiscal Year 2026
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Stable EBIT margin and cash flow maintained despite a 10% year-over-year sales decline, driven by strong cost management and strategic focus on automation, defense, and industrial growth. Guidance for FY2026 is confirmed, with moderate improvement expected in H2.
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Revenue declined 7% year-over-year to EUR 291 million, but strong cash flow and EBIT margin were maintained, with China achieving a record 18% EBIT margin. Guidance for the year is confirmed, with significant improvement expected in H2 from new product launches and restructuring.
Fiscal Year 2025
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Sales reached €1.3 billion with an 11% EBIT margin and €119 million free cash flow, despite market headwinds. Guidance for 2026 is cautious, reflecting geopolitical and pricing risks, but cost-saving and investment initiatives are expected to support margins and growth.
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A major transformation program is underway, focusing on overhead reduction, facility consolidation, and integration of recent acquisitions to secure long-term profitability. Full-year guidance is reaffirmed, with a one-off restructuring cost impacting net profit, but significant recurring savings expected from 2027.
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Profits and margins are stable despite a soft market, with Q3 revenues down 10% due to FX and tariffs. Guidance is narrowed to €1.3 billion sales and 11% EBIT margin, with strong cash flow and successful refinancing providing stability.
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Q2 saw a 7.8% revenue increase year-over-year, driven by DESTACO integration and strong industrial automation growth, despite a 5% organic market decline. FY2025 guidance is confirmed, with tariff and pricing pressures managed through operational improvements and customer negotiations.
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Revenue grew 6.7% year-over-year, driven by the DESTACO acquisition, while adjusted EBIT margin improved to 11.6%. Automotive sales declined, but industrial automation and aftermarket segments offset this, and full-year guidance was reaffirmed.
Fiscal Year 2024
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Stable performance in 2024 with revenue up 7.5% to €1.305 billion and a 12% EBIT margin, despite profit decline from PPA impacts. 2025 guidance reflects market uncertainty, with sales expected at €1.3–€1.45 billion and EBIT margin of 11%–13%.
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Record sales and strong free cash flow were achieved, driven by the Destaco acquisition and robust Asia-Pacific growth. Deleveraging and automation initiatives are progressing, with material costs expected to decline and labor inflation managed through efficiency gains.
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Q3 2024 revenue rose 14.4% to EUR 350.7 million, driven by Destaco's strong integration and automation growth, despite softer automotive demand. Guidance for FY 2024 is confirmed, with cost and efficiency measures offsetting headwinds and automation initiatives 70–75% complete.
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Revenue and EBIT margin guidance for 2024 have been lowered due to a €75 million reduction in automotive and commercial vehicle call-offs, mainly from high OEM inventories and temporary production cuts. Cost-saving measures and automation projects are underway, while structural growth drivers and financing remain robust.