Put companies on watchlist
Stabilus SE
ISIN: DE000STAB1L8
WKN: STAB1L
About
Company Snapshot
New: Enable Investor Alerts
Be informed about new publications
New: AI Factsheet

Corporate News meets AI! 
Content analysis and summary

EN GIF 300X250

Stabilus SE · ISIN: DE000STAB1L8 · EQS - Company News (47 News)
Country: Germany · Primary market: Germany · EQS NID: 1484825
11 November 2022 07:00AM

Stabilus SE: With record revenue in Q4 FY2022, Stabilus achieved annual revenue of €1.1 billion, exceeding the threshold of €1 billion for the first time


EQS-News: Stabilus SE / Key word(s): Preliminary Results/Annual Results
Stabilus SE: With record revenue in Q4 FY2022, Stabilus achieved annual revenue of €1.1 billion, exceeding the threshold of €1 billion for the first time

11.11.2022 / 07:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


CORPORATE NEWS

 

Stabilus SE: With record revenue in Q4 FY2022, Stabilus achieved annual revenue of €1.1 billion, exceeding the threshold of €1 billion for the first time

 

  • According to preliminary figures, revenue in FY2022 at €1,116.3 million (FY2021: €937.7 million) and adjusted EBIT[1] margin at 14.0% (FY2021: 14.4%)

 

  • Profit at €104.3 million (FY2021: €73.8 million) and free cashflow before acquisitions (adj. FCF[1]) at €81.7 million (FY2021: €88.6 million)

 

  • For FY2023 revenue of €1.1 billion to €1.2 billon with an adjusted EBIT margin of 13% to 14% expected

 

Koblenz, November 11, 2022 – According to preliminary figures for fiscal 2022 (ended September 30, 2022), with annual revenue of €1,116.3 billion, Stabilus SE (WKN: STAB1L, ISIN: LU1066226637), one of the world's leading suppliers of motion control solutions for a wide range of industries, surpassed the revenue threshold of €1 billion for the first time, thereby exceeding the revenue forecast raised in August 2022. Following already strong nine months, revenue and earnings growth accelerated further in the fourth quarter. The Americas and APAC operating segments (regions) in particular contributed to this development, supported primarily by strong global growth in the Automotive Powerise business unit.

 

In the fourth quarter of FY2022, Stabilus increased its revenue by 39.5% year-on-year to €320.3 million (Q4 FY2021: €229.6 million). Adjusted for currency effects, the revenue increase amounted to 31.9%. Thus, revenue in the fourth quarter is also noticeably above the level before the start of the pandemic in 2019.

 

On a full-year basis, the Group generated revenue of €1,116.3 million according to preliminary figures, compared to €937.7 million in the previous year (+19.0%, organically +14.2%, year-on-year), as well as adjusted EBIT of €156.2 million (FY2021: €135.0 million), corresponding to an adjusted EBIT margin of 14.0%. Stabilus has thereby exceeded its full-year revenue forecast of c. €1,070 million, which was raised in August 2022, and met its projected adjusted EBIT margin of c. 14%.

 

Dr. Michael Büchsner, CEO of Stabilus, said: “In the current overall economic situation and global market turbulence, we not only fully met our forecast, but also surpassed the long-set target of a revenue threshold of €1 billion. In particular, the strong growth of the Automotive Powerise business unit shows that we are technologically well positioned and that it is above all innovations that are paving the way into the future for Stabilus.”

 

Strong business in Americas and APAC regions

In EMEA, revenue in FY2022 increased by 1.2% to €469.4 million (FY2021: €464.0 million). In the Americas, revenue grew by 19.8% year-on-year to €387.5 million (FY2021: €323.5 million). In Asia-Pacific (APAC), the company again recorded above-average revenue growth of 72.7% year-on-year to €259.4 million (FY2021: €150.2 million). The Automotive Powerise business was the strongest driver in all three regions.

 

Automotive Powerise business unit grows at a disproportionately high rate

Stabilus recorded organic revenue growth in all three business units in FY2022. In the Automotive Powerise business unit, which was able to significantly decouple from the development of global automotive production in the reporting period, revenue increased by 42.3% to €374.6 million in FY2022 (FY2021: €263.3 million). In the Automotive Gas Spring business unit, the company recorded a 9.6% rise to €326.0 million (FY2021: €297.4 million). The Industrial business unit revenue grew by 10.3% in FY2022 to €415.8 million compared to previous year (FY2021: €377.0 million). Stabilus recorded the strongest development in the market segments Energy, Construction, Industrial Machinery & Automation (ECIMA) and Distributors, Independent Aftermarket, E-Commerce (DIAMEC) as well as Mobility.

 

Adjusted EBIT margin of 14.0% in the third quarter

Adjusted operating profit (adjusted EBIT) increased by 15.7% to €156.2 million in FY2022 (FY2021: €135.0 million). This corresponds to an adjusted EBIT margin of 14.0%, compared to 14.4% in FY2021.

 

In FY2022, profit was €104.3 million (FY2021: €73.8 million) and free cash flow before acquisitions (adj. FCF) €81.7 million (FY2021: €88.6 million).

 

Forecast for fiscal 2023 foresees further growth

For fiscal 2023, Stabilus expects revenue of €1.1 billion to €1.2 billion and an adjusted EBIT margin in a range of 13% to 14%. The range of the revenue and earnings expectations reflects the current macroeconomic and geopolitical uncertainties. Stabilus continues to pursue its long-term strategy with the cornerstones of profitable and sustainable growth, customer and employee satisfaction, innovation and sustainability.

 

An accompanying presentation on the preliminary figures for fiscal 2022 is available in English and can be downloaded on the company's website at Investors / Financial Reports & Presentations. The final figures and the annual report for the 2022 fiscal year will be published on December 9, 2022.

 

________________________

 

[1] Cf. definition/calculation of KPI’s adjusted EBIT and free cash flow before acquisitions (Adj. FCF) in our current financial reports and results presentations, e.g., in our presentation of the preliminary FY2022 results, pp. 24ff., that can be downloaded from the company’s website at Investors / Financial Reports & Presentations.

 

Investor contact:
Andreas Schröder
Tel.: +49 261 8900 8198
E-Mail: anschroeder@stabilus.com

 

Press contact:
Peter Steiner
Tel.: +49 69 794090 27
E-Mail: stabilus@charlesbarker.de

Charles Barker Corporate Communications

 

About Stabilus

Stabilus is one of the world's leading providers of motion control solutions for customers across a broad spectrum of industries including mobility, health, recreation, furniture, energy, construction, industrial machinery and automation. With more than eight decades of demonstrated expertise, Stabilus offers reliable and innovative motion control solutions that enable, enhance and automate opening, closing, lifting, lowering and adjusting actions. The company's customized damping and vibration isolation technology protects against shocks, vibrations and noise. Employing a workforce of more than six thousand worldwide, the company has its operational headquarters in Koblenz, Germany. In the 2022 fiscal year, Stabilus has reported revenue of €1,116.3 million according to preliminary figures. Stabilus has a global production network encompassing plants in eleven countries. Additionally, the Group maintains regional offices and relations to sales partners in over fifty countries in Europe, North and South America, as well as in Asia-Pacific. Stabilus SE is listed in the Prime Standard segment of the Frankfurt Stock Exchange and included in the MDAX index.

 

Important Notice

This press release may contain forward-looking statements based on current assumptions and forecasts made by Stabilus Group management and other information currently available to Stabilus. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here.

 



11.11.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: Stabilus SE
Wallersheimer Weg 100
56070 Koblenz
Germany
Phone: +49 261 8900 0
E-mail: investors@stabilus.com
Internet: www.stabilus.com
ISIN: DE000STAB1L8
WKN: STAB1L
Indices: MDAX
Listed: Regulated Market in Frankfurt; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1484825

 
End of News EQS News Service

1484825  11.11.2022 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1484825&application_name=news&site_id=boersengefluester_html
Visual performance / price development - Stabilus SE
Smart analysis and research tools can be found here.

This publication was provided by our content partner EQS3.

EQS Newswire
via EQS - Newsfeed
EQS Group AG ©2024
(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

 

SMART * AD
EN GIF 970X250

P R O D U C T   S U G G E S T I O N S

The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.


The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.

If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.

For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.


1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.