Stabilus S.A : Decent Q3 2022 results and raising its FY 2022 sales guidance
>Continued double-digit top-line growth in Q3 2022 - Stabilus released decent Q3 2022 results, which are bang in line with our expectations and 2-3% ahead of consensus. Q3 2022 group sales are +19% y-o-y to € 271m (in line with ODDO BHF; +2% vs consensus) with an organic growth of +13%, driven by the regions Americas (+29% y-o-y) and APAC (+53%) as well as by the Automotive Powerise (+51%) business unit. Sales in automotive gas springs are +9% y-o-y and thus both auto...Stabilus SA, formerly Servus HoldCo SARL is a Luxembourg-based company. The Company is the automotive and industrial supplier. It develops and produces electromechanical drives, gas springs and dampers. Its products in the automotive segment are used in a broad range of applications such as tailgates, hoods, doors and convertible tops. In addition, Stabilus SA supplies industrial customers, for example in medical and rehab technology (operating tables, hospital beds, wheelchairs), transportation and traffic (flaps and lids for luggage, loading and maintenance), furniture (cabinet lids, beds, tables) and house and building technology (skylights, smoke exhaust vents, awnings).
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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