The Koblenz-based industrial and automotive supplier Stabilus has cut its dividend and is taking a cautious stance for the upcoming fiscal year.
For the recently concluded 2024/25 fiscal year, the SDax-listed company announced on Monday that it would propose a dividend of EUR0.35 per share, down from EUR1.15 the previous year. Management confirmed the preliminary business figures for the past year. In a challenging economic environment, Stabilus posted revenues on par with the previous year at EUR1.296 billion and achieved an adjusted operating profit (Ebit) of EUR142.6 million, compared to EUR157.1 million a year earlier. Net profit plummeted to EUR24.2 million, from EUR72.0 million the year before. In September, Stabilus had announced a cost-cutting program and plans to eliminate 450 of its 8,000 jobs.
Looking ahead to the 2025/26 fiscal year, the company is targeting revenues between EUR1.1 and EUR1.3 billion, with an adjusted Ebit margin of ten to twelve percent. Adjusted free cash flow is expected to range from EUR80 million to EUR110 million. "The conditions in our global markets remain challenging and demand high resilience, adaptability, and clarity of action from all companies," said Stabilus CEO Michael Büchsner.
(Report by Ralf Banser, edited by Philipp Krach. For inquiries, please contact the editorial management at berlin.newsroom@thomsonreuters.com (for politics and economy) or frankfurt.newsroom@thomsonreuters.com (for companies and markets).)
