on Stabilus SE (isin : DE000STAB1L8)
Stabilus SE Adjusts Forecast for Fiscal Year 2024
Koblenz, June 11, 2024 – Stabilus SE (WKN: STAB1L, ISIN: DE000STAB1L8) has revised its forecast for the fiscal year 2024. The company now expects revenues between €1.3 billion and €1.35 billion, with an adjusted EBIT margin of 11.7% to 12.3%. These expectations fall short of the previous forecast of €1.4 billion to €1.5 billion for revenues and an adjusted EBIT margin of 13% to 14%.
The adjustment is due to a weaker-than-expected revenue performance in Q3 FY2024 and a muted outlook for Q4 FY2024. The lower call-off quantities in the Automotive and Commercial Vehicles segments are the primary causes. The Management Board doesn't foresee the expected recovery in the latter half of FY2024 materializing.
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