09.12.2022 Stabilus SE  DE000STAB1L8

EQS-News: Stabilus SE confirms preliminary figures for FY2022 and proposes dividend of €1.75 per share


 

EQS-News: Stabilus SE / Key word(s): Annual Results/Annual Report
Stabilus SE confirms preliminary figures for FY2022 and proposes dividend of €1.75 per share

09.12.2022 / 07:00 CET/CEST
The issuer is solely responsible for the content of this announcement.


CORPORATE NEWS

 

Stabilus SE confirms preliminary figures for FY2022 and proposes dividend of €1.75 per share

 

  • Revenue in FY2022 at €1,116.3 million (FY2021: €937.7 million) and adjusted EBIT[1] margin at 14.0% (FY2021: 14.4%)

 

  • Profit at €104.3 million (FY2021: €73.8 million) and free cashflow before acquisitions (adj. FCF[1]) at €81.7 million (FY2021: €88.6 million)

 

  • Dividend of €1.75 per share proposed (FY2021: €1.25)

 

  • For FY2023 revenue of €1.1 billion to €1.2 billion with an adjusted EBIT margin of 13% to 14% expected

 

  • Contract with CEO extended early for another four years until autumn 2027

 

Koblenz, December 9, 2022 – Stabilus SE (WKN: STAB1L, ISIN: DE000STAB1L8), one of the world's leading suppliers of motion control solutions for a wide range of industries, today confirmed its preliminary figures published on November 11 and published its annual report.

The company surpassed the revenue threshold of €1 billion for the first time in fiscal year 2022.

 

The Management Board and the Supervisory Board will propose to the Annual General Meeting taking place on February 15, 2023 that a dividend of €1.75 per share will be paid (FY2021: €1.25 per share). This represents a total dividend payout of €43.2 million (FY2021: €30.9 million) and a pay-out ratio of c. 42% (FY2021: 42%).

 

Dr. Michael Büchsner, CEO of Stabilus, said: “We are proud to have achieved the most successful fiscal year in our company’s history and to have shown record-breaking revenues of more than of €1 billion, especially considering the current overall economic environment. This success is not only a testament to Stabilus’ resilience, but also the ability and willingness by our more than six thousand employees to deliver top performance. Our results furthermore show that we are on the right track with our STAR 2030 strategy towards our vision to be a global leader in intelligent motion control technologies. We would like our shareholders to participate in this positive earnings development and will therefore propose a year-on-year substantially increased dividend of €1.75 per share to the Annual General Meeting.”

 

Preliminary record revenue figures confirmed

On a full-year basis, the Group generated revenue of €1,116.3 million, compared to €937.7 million in the previous year (+19.0%, organically +14.2%, year-on-year).

 

In EMEA, revenue in FY2022 increased by 1.2% to €469.4 million (FY2021: €464.0 million). In the Americas, revenue grew by 19.8% year-on-year to €387.5 million (FY2021: €323.5 million). In Asia-Pacific (APAC), the company again recorded above-average revenue growth of 72.7% year-on-year to €259.4 million (FY2021: €150.2 million). The Automotive Powerise business was the strongest driver in all three regions.

 

Stabilus recorded organic revenue growth in all three business units in FY2022. In the Automotive Powerise business unit, which was able to significantly decouple from the development of global automotive production in the reporting period, revenue increased by 42.3% to €374.6 million in FY2022 (FY2021: €263.3 million). In the Automotive Gas Spring business unit, the company recorded a 9.6% rise to €326.0 million (FY2021: €297.4 million).

 

The Industrial business unit revenue grew by 10.3% in FY2022 to €415.8 million compared to previous year (FY2021: €377.0 million). Stabilus recorded the strongest development in the market segments Energy, Construction, Industrial Machinery & Automation (ECIMA) and Distributors, Independent Aftermarket, E-Commerce (DIAMEC) as well as Mobility.

 

Adjusted EBIT margin of 14.0% in the third quarter

Adjusted operating profit (adjusted EBIT) increased by 15.7% to €156.2 million in FY2022 (FY2021: €135.0 million). This corresponds to an adjusted EBIT margin of 14.0%, compared to 14.4% in FY2021.

 

In FY2022, profit was €104.3 million (FY2021: €73.8 million) and free cash flow before acquisitions (adj. FCF) €81.7 million (FY2021: €88.6 million).

 

Forecast for fiscal 2023 foresees further growth

For fiscal 2023, Stabilus continues to expect revenue of €1.1 billion to €1.2 billion and an adjusted EBIT margin in a range of 13% to 14%. The range of the revenue and earnings expectations reflects the current macroeconomic and geopolitical uncertainties. Stabilus continues to pursue its long-term strategy with the cornerstones of profitable and sustainable growth, customer and employee satisfaction, innovation and sustainability.

 

Contract with CEO extended early for another four years

The Supervisory Board of Stabilus SE has prematurely extended the contract with CEO Dr. Michael Büchsner, which expires on 31 October 2023, by an additional four years until 31 October 2027. This ensures continuity in the Management Board and stability in the implementation of the long-term STAR 2030 strategy for the coming years.

 

Dr. Stephan Kessel, Chairman of the Supervisory Board, said: "We are very pleased that we were able to sign Dr. Michael Büchsner for another four years as CEO and Chairman of the Management Board of Stabilus SE. In a challenging environment, he has successfully led the company and significantly contributed to its strategic progress. Together with the new CFO Stefan Bauerreis, Stabilus has a strong management team and we on the Supervisory Board are confident that we have set the course for a stable and successful future for the company."

 

The annual report for fiscal 2022 can be downloaded on the company's website at Investors / Financial Reports & Presentations.

 

________________________

 

[1] Cf. definition/calculation of KPI’s adjusted EBIT and free cash flow before acquisitions (Adj. FCF) in our current financial reports and results presentations, e.g., in our 2022 annual report, pp. 44ff., that can be downloaded from the company’s website at Investors / Financial Reports & Presentations.

 

Investor contact:
Andreas Schröder
Tel.: +49 261 8900 8198
E-Mail: [email protected]

 

Press contact:
Peter Steiner
Tel.: +49 69 794090 27
E-Mail: [email protected]
Charles Barker Corporate Communications

 

About Stabilus

Stabilus is one of the world's leading providers of motion control solutions for customers across a broad spectrum of industries including mobility, health, recreation, furniture, energy, construction, industrial machinery and automation. With more than eight decades of demonstrated expertise, Stabilus offers reliable and innovative motion control solutions that enable, enhance and automate opening, closing, lifting, lowering and adjusting actions. The company's customized damping and vibration isolation technology protects against shocks, vibrations and noise. Employing a workforce of more than six thousand worldwide, the company has its operational headquarters in Koblenz, Germany. In the 2022 fiscal year, Stabilus has reported revenues of €1,116.3 million. Stabilus has a global production network encompassing plants in eleven countries. Additionally, the Group maintains regional offices and relations to sales partners in over fifty countries in Europe, North and South America, as well as in Asia-Pacific. Stabilus SE is listed in the Prime Standard segment of the Frankfurt Stock Exchange and included in the MDAX index.

 

Important Notice

This press release may contain forward-looking statements based on current assumptions and forecasts made by Stabilus Group management and other information currently available to Stabilus. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here.

 



09.12.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: Stabilus SE
Wallersheimer Weg 100
56070 Koblenz
Germany
Phone: +49 261 8900 0
E-mail: [email protected]
Internet: www.stabilus.com
ISIN: DE000STAB1L8
WKN: STAB1L
Indices: MDAX
Listed: Regulated Market in Frankfurt; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1508531

 
End of News EQS News Service

1508531  09.12.2022 CET/CEST

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Die wichtigsten Finanzdaten auf einen Blick
  2016 2017 2018 2019 2020 2021 2022e
Umsatzerlöse1 737,50 910,02 962,56 951,34 822,13 937,67 1.116,35
EBITDA1,2 133,30 179,50 189,70 183,65 151,96 185,09 211,22
EBITDA-Marge3 18,07 19,72 19,71 19,30 18,48 19,74 18,92
EBIT1,4 76,64 118,39 131,88 124,02 56,14 121,26 142,22
EBIT-Marge5 10,39 13,01 13,70 13,04 6,83 12,93 12,74
Jahresüberschuss1 47,99 79,24 105,36 80,90 29,99 73,76 104,34
Netto-Marge6 6,51 8,71 10,95 8,50 3,65 7,87 9,35
Cashflow1,7 110,45 121,93 145,46 145,42 108,88 128,98 125,73
Ergebnis je Aktie8 2,21 3,21 4,27 3,26 1,27 2,97 4,17
Dividende8 0,50 0,80 1,00 1,10 0,50 1,25 1,75
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2022 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: KPMG

INVESTOR-INFORMATIONEN
©boersengefluester.de
Stabilus
WKN Kurs in € Einschätzung Börsenwert in Mio. €
STAB1L 64,400 Halten 1.590,68
KGV 2024e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
13,70 26,91 0,51 23,62
KBV KCV KUV EV/EBITDA
2,56 12,65 1,42 8,13
Dividende '22 in € Dividende '23e in € Div.-Rendite '22e
in %
Hauptversammlung
1,75 1,75 2,72 15.02.2023
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
30.01.2023 02.05.2023 31.07.2023 09.12.2022
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
2,83% 18,23% 2,38% 14,18%
    
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Automobilzulieferer , STAB1L , STM , XETR:STM