Stabilus SE : A negative surprise due to weaker-than-expected market conditions
>Stabilus significantly cuts its guidance for FY 2023-24 - Stabilus has unexpectedly cut its FY 2023-24 guidance after confirmation it at its H1 2023-24 release around four weeks ago. The company now expects FY 2023-24 revenues of € 1.30-1.35bn vs the lower end of the € 1.4-1.5bn range previously (ODDO BHF: € 1.33bn; cons.: € 1.40bn). In terms of the adj. EBIT margin, Stabilus is now targeting a range of 11.7-12.3% vs the lower end of the 13-14% guidance range previou...
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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