Stabilus with solid start into the new fiscal year

Last Updated: 30. Januar 2024By

German Stabilus SE, a self-proclaimed global leader in Motion-Control solutions, presented solid figures for the first quarter of the 2023/2024 fiscal year, which ended on December 31, 2023 at Stabilus.

In particular, the businesses in the Europe/Middle East (EMEA) and Asia-Pacific (APAC) regions contributed to the increase in sales. Before diving into the numbers, let’s take a closer look at what Motion-Control solutions actually are.

Brief overview of Stabilus Founded in 1934 and based in Koblenz, Stabilus SE, which employs around 7,500 people today, is, according to its own statements, one of the world’s leading providers of stabilization and Motion-Control solutions. The company’s product portfolio includes gas springs, hydraulic dampers, electromechanical drives, and products for vibration isolation.

The products of the Koblenz-based company are sold under the brands Stabilus, ACE, HAHN-Gasfedern, Fabreeka, Tech Products, and General Aerospace. Customers are primarily from the automotive and commercial vehicle industry, aviation industry, as well as companies in the energy, construction, mechanical engineering, automation, health, leisure, and furniture industries.

Solid quarterly figures In the period from early October to the end of December 2023, Stabilus achieved sales of 305.4 million euros. This corresponds to a sales growth of 5.1% compared to the same period of the previous year.

Adjusted operating profit (adjusted EBIT) increased by 2.1% in the first quarter of 2023/2024 to 33.3 million euros. This corresponds to an adjusted operating profit margin (adjusted EBIT margin) of 10.9% compared to 11.2% in the same period of the previous year.

The profit in the past quarter was 12.2 million euros. This was 21.3% less than in the same period of the previous year. Adjusted free cash flow (cash inflow) was 36.2 million euros. This was 10.7% more than in the same period of the previous year.

Business was particularly strong in the Aerospace, Marine & Rail (+52% compared to the previous year), Health, Recreation & Furniture (+21% compared to the previous year), Automotive (+10% compared to the previous year) and Commercial Vehicles (+5% compared to the previous year) sectors in the first quarter of 2023/2024.

Forecast for current fiscal year confirmed Based on the solid figures in the first quarter of 2023/2024, the Koblenz-based company confirmed its forecast for the current fiscal year. Thus, Stabilus continues to expect sales of 1.4 to 1.5 billion euros for 2023/2024. The adjusted EBIT margin is expected to be between 13 and 14%.

The quarterly figures were not particularly well received by investors. On Monday, the Stabilus share temporarily fell significantly. However, the price recovered afterwards. As long as the economy is weak, the Stabilus share price is unlikely to make any major jumps upwards.