Stabilus SE provided financial guidance for fiscal year 2024. For the period, the company adjusts its forecast for the current fiscal year 2024 and now expects revenues in the range of ?1.3 billion to ?1.35 billion. According to current calculations, the company?s expectations are below its original forecast of ?1.4 billion to ?1.5 billion for revenues.

Due to the challenging market environment, Stabilus had already specified its forecast to the lower end of the originally expected range for revenues at the half-year stage. The adjusted forecast is based on a weaker-than-expected revenue development in third quarter fiscal year 2024 and a muted outlook for fourth quarter fiscal year 2024. This is primarily due to lower call-off quantities in the Automotive and Commercial Vehicles segments.

According to the Management Board?s current assessment, due to the above-mentioned effects, the expected recovery in the second half of fiscal year 2024 will not materialize.