Preliminary adjusted free cash flow in FY24 and net profit in Q4 FY24 above consensus, unadjusted EBIT after first-time purchase price allocation for Destaco below consensus

Stabilus SE: Preliminary adjusted free cash flow in FY24 and net profit in Q4 FY24 above consensus, unadjusted EBIT after first-time purchase price allocation for Destaco below consensus

Koblenz, October 30, 2024 - According to preliminary figures for the 2024 fiscal year (ending September 30, 2024), Stabilus Group's adjusted free cash flow of €132.8 million is well above market expectations of €85.7 million (Vara consensus estimate as of October 11, 2024). On the one hand, this is due to the free cash flow of the acquired Destaco (€27.5 million in H2 FY2024, €19.9 million in Q4 FY2024 and €7.6 million in Q3 FY2024). On a quarterly comparison, the increase in free cash flow at Destaco is mainly due to effects in net working capital resulting from the integration of Destaco. On the other hand, the group-wide increase in adjusted free cash flow is based on liquidity management measures as part of receivables and liability management. These are expected to reverse in the following quarters in the amount of €15 million.

According to preliminary figures, unadjusted EBIT in Q4 FY2024 and in FY2024 is in each case around €11 million below the respective market expectation (€22.9 million € vs. €33.5 million consensus in Q4 FY24 and €113.3 million vs. €124.0 million consensus in FY24). In the fourth quarter of fiscal year 2024, Stabilus has, as planned and announced, for the first time recognized the actual purchase price allocation for the Destaco transaction and the associated depreciation. Adjusted, Stabilus generated an adjusted EBIT of €157.1 million based on preliminary figures, corresponding to an adjusted EBIT margin of 12.0%, on revenues of €1,305.9 million in FY2024. This means that Stabilus has met its forecast range for revenues (€1.3 billion - 1.35 billion) and adjusted EBIT margin (11.7%-12.3%) in FY2024. According to preliminary figures, profit at €17.5 million in Q4 FY2024 (consensus €16.6 million) and €72.0 million in FY2024 (consensus €71.2 million) was above the respective consensus.

Further information will be provided when the complete preliminary annual results for fiscal year 2024 are published on November 11, 2024.

The key figures adjusted EBIT and adjusted free cash flow are defined on pages 48 and 51 of the Stabilus 2023 Annual Report.

# End of ad hoc announcement #

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

Press contact:
Peter Steiner
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E-Mail: stabilus@charlesbarker.de
Charles Barker Corporate Communications