LUXEMBOURG/KOBLENZ (dpa-AFX) – Strong business in America and Asia makes the automotive and industrial supplier Stabilus more optimistic for the current financial year. In the twelve months to the end of September, sales should reach around 1.07 billion euros, the SDax-listed company announced on Monday in Luxembourg and Koblenz. The management had previously expected 940 to 990 million euros. Earnings before interest and taxes (adjusted EBIT) adjusted for special effects should also slightly exceed the previously targeted range at around 150 million euros. However, the corresponding margin is likely to be at the lower end of previous expectations at around 14 percent.
In the third business quarter to the end of June, Stabilus increased its sales by 18.5 percent year-on-year to a good 271 million euros. Excluding currency effects, the increase still amounted to 12.5 percent. Adjusted operating profit increased by almost 23 percent to almost 38 million euros. The company thus met the expectations of analysts in day-to-day business. The surplus jumped by more than half to a good 24 million euros./stw/mis
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