Stabilus (STM) Q4 2024 earnings summary

Executive summary

• FY2024 revenue rose 7.5% year-over-year to €1.305 billion, driven by M&A and organic growth despite challenging market conditions.

• Adjusted EBIT margin reached 12%, meeting revised guidance but down 1.0pp due to higher D&A, advisory, and integration costs.

• Net profit dropped 30.3% year-over-year to €72.0 million, with EPS at €2.84, down 31.1%.

• Strong adjusted free cash flow of €132.8 million, up 23.8% year-over-year.

• Proposed dividend of €1.15 per share, representing 40% of net income, at the upper end of the dividend policy.

Financial highlights

• Revenue increased to €1.305 billion, up 7.5% year-over-year, with M&A contributing 9.1% and organic growth 0.6%.

• Adjusted EBIT decreased 0.8% year-over-year to €157.1 million; margin at 12%.

• Free cash flow rose from €107 million to €132.8 million, representing 10.2% of revenue.

• Net debt reduced by €51.8 million in the last six months; net leverage ratio stable at 2.8.

• Net profit margin fell to 5.5% from 8.5% in FY2023.

Outlook and guidance

• FY2025 revenue forecasted at €1.3–€1.45 billion; adjusted EBIT margin: 11%–13%; free cash flow: €90–€140 million.

• Guidance range widened due to market volatility and economic uncertainty.

• Earnings anticipated to be back-end loaded, with improvements expected later in the year.

• CapEx planned at 5%–6.3% of sales, focused on automation and product development.

• Dividend policy remains at 20%–40% of consolidated net income.