EQS-News: Stabilus SE makes a solid start to fiscal 2024 and confirms forecast
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Tuesday, January 30, 2024
HRF, WKN, CFO, Yoy, Radar, Growth, Environment, Acquisition, Safety, Commercial vehicle, Recreation, Automation, AMR, FCF, Mobile phone
Group revenue increased to €305.4 million in the first quarter of fiscal 2024 from €290.7 million in the same period last year, corresponding to year-on-year revenue growth of 5.1%.
Key Points:
- Group revenue increased to €305.4 million in the first quarter of fiscal 2024 from €290.7 million in the same period last year, corresponding to year-on-year revenue growth of 5.1%.
- In the first quarter, we again recorded strong growth in APAC and also made significant gains in EMEA.
- In the EMEA region, revenue increased by 8.2% to €118.2 million in Q1 FY2024 (Q1 FY2023: €109.2 million).
- In Q1 FY2024, profit was €12.2 million (Q1 FY2023: €15.5 million) and adjusted free cash flow[1] €36.2 million (Q1 FY2023: €32.7 million).