Stabilus SE Reports FY24 Performance with Mixed Results

Stabilus SE announced that their preliminary adjusted free cash flow for the fiscal year 2024 surpassed market expectations. The company reported €132.8 million, exceeding the Vara consensus estimate of €85.7 million. Notably, the acquisition of Destaco contributed €27.5 million in cash flow during the second half of the year, with significant figures in the third and fourth quarters due to net working capital effects. Additionally, company-wide liquidity management efforts positively impacted cash flow, though a reversal of €15 million is anticipated in subsequent quarters.

Despite impressive cash flow results, Stabilus faced challenges in unadjusted EBIT, falling €11 million short of expectations both in Q4 FY2024 and the full year. This underperformance resulted from depreciation recognized from the Destaco acquisition. However, the company met its revenue forecasts and adjusted EBIT margin with a reported €157.1 million adjusted EBIT, yielding a 12.0% margin on €1,305.9 million in revenues. Net profit also exceeded expectations in Q4 and FY2024, aligning with forecast ranges.