Stabilus Reports Q3 Earnings with Revenue Decline but Improved Margins
Stabilus reported third-quarter revenue of nearly €300 million, a decline of approximately 4%–4.5% year over year due to weakness in China and automotive markets. However, the company improved its adjusted EBIT margin to 10.8%, up from 10.5%, driven by efficiency measures and stronger performance in industrial operations. The sale of Tech Products and Fabreeka for €92 million helped reduce total debt to €554 million and net leverage to 2.77 times, supporting the company's deleveraging strategy. Stabilus maintained its full-year guidance with expected revenue near €1.15 billion, an adjusted EBIT margin around or slightly above 10%, and free cash flow of approximately €90 million. Industrial business growth offset automotive weakness, with organic industrial revenue rising over 8%. Aerospace, marine, rail, and defense saw a notable 35% increase in sales. The company also anticipates initial low-single-digit million-euro revenue from humanoid-robot actuators next year through its Synapticon partnership.
Topics: automotive decline deleveraging ebit margin industrial growth revenue