KOBLENZ (dpa-AFX) - Automotive and industrial supplier Stabilus continued to feel the impact of weaker demand in the auto industry during the first quarter. Revenue shrank by 10.7 percent year-on-year from the beginning of October to the end of December, totaling just over 291 million euros, the SDax-listed company announced Monday in Koblenz. The specialist in gas springs was particularly slowed down by the Asia-Pacific region. Additionally, negative currency effects weighed on the company.
Overall, business with the energy, construction, and automotive industries was weaker in the opening quarter. The company only managed to achieve growth in the rail, marine, and aerospace sectors. Adjusted earnings before interest and taxes (EBIT), excluding special items, fell by nearly 23 percent to 29.3 million euros. The corresponding margin declined by 1.5 percentage points to 10.1 percent. Net profit dropped from 14.3 million euros a year ago to 8.1 million euros. The company confirmed its targets for the current 2025/26 fiscal year (ending September)./mne/men
