Stabilus S.A : Strong set of Q2 2022 results and confirming FY 2022 guidance
>Q2 2022 ahead of expectations - STM released Q2 2022 results ahead of expectations. Group revenues are +15% y-o-y to € 281m (+15% vs ODDO BHF; +6% vs cons.) with organic growth +12% in the quarter under review. Top-line growth is driven by the APAC region (+75% y-o-y organic) and the Automotive Powerise business (+35% y-o-y organic). STM’s group adj. EBIT is +3% y-o-y to € 39m (7% ahead of our estimate; +6% vs. cons.) with an adj. EBIT margin of 14.0%. Reported EBIT ...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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