FX.co ★ Stabilus Confirms Preliminary FY24 Results; Issues FY25 Guidance

Stabilus (SIUAF) has announced a profit for the fiscal year 2024 totaling 72.0 million euros, a decrease from the 103.3 million euros reported the previous year. This notable decline is largely attributed to depreciation and amortization expenses related to the Destaco purchase price allocation, acquisition-related interest costs, and increased tax liabilities, influenced by one-time special effects in fiscal 2023. The company's adjusted operating profit, or adjusted EBIT, stood at 157.1 million euros, slightly lower than the 158.4 million euros recorded in the prior year, with the adjusted EBIT margin finishing at 12.0%, down from 13.0%.

Revenues for fiscal 2024 saw a 7.5% rise, reaching 1.31 billion euros. This growth is primarily attributed to the initial consolidation of Destaco in the latter half of the fiscal year.

Looking ahead to fiscal 2025, Stabilus forecasts revenues in the range of 1.3 billion euros to 1.45 billion euros, with an adjusted EBIT margin expected to fall between 11% and 13%.

The Management Board and Supervisory Board plan to recommend a dividend payout of 1.15 euros per share at the upcoming Annual General Meeting.