Stabilus SE : A surprising pre-release of FY 2023-24 prelims, but no reason to panic
>Destaco PPA weighing on reported earnings in FY 2023-24 - Last night Stabilus has released an ad hoc with preliminary KPIs for its FY 2023-24: Group sales are +7% y-o-y to €1.31bn (ODDO BHF & css.: €1.32bn) and group adj. EBIT is -1% y-o-y to €157m (in-line with Oddo-BHF& css) with an adj. EBIT margin of 12.0% (+10bp vs ODDO BHF & css). Stabilus thus delivered on its FY-23/24 guidance, which was for group sales of € 1.30-1.35bn and an adj. EBIT margin of 11.7-12.3%. ...
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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