The automotive and industrial supplier Stabilus also felt the effects of weaker demand in the automotive industry in the first quarter.
Sales shrank by 10.7 percent year-on-year from the beginning of October to the end of December to a good 291 million euros, as the SDAX company announced on Monday in Koblenz. The specialist for gas pressure springs was particularly slowed down by the Asia-Pacific region. Negative currency effects also weighed on the company.
Overall, business with the energy, construction and automotive industries was weaker in the first quarter. The Stabilus SE Group was only able to record growth in the rail, marine and aerospace sectors. Earnings before interest and taxes adjusted for special effects fell by almost 23 percent to 29.3 million euros. The corresponding margin fell by 1.5 percentage point to 10.1 percent. The bottom line is that profits fell from 14.3 million euros a year ago to 8.1 million euros. The company confirmed its goals for the current 2025/26 financial year (end of September).
/mne/men
KOBLENZ (dpa-AFX)
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