Koblenz (dpa -AFX) – The car supplier Stabilus (Stabilus SE) sets up a savings program to secure long -term competitiveness. For this, provisions are due in the current year, which burden the result, as Stabilus announced in Koblenz on Thursday. The expenses would amount to 18 million euros. The group result is therefore likely to be 25 million euros in the 2025 financial year (at the end of September) and thus under the average estimate of analysts, which is 47.1 million. Stabilus confirmed the forecast for the operational business. The share dropped by more than six percent to the Xetra closing on the tradegate trading platform.
According to company, the program includes measures to tighten the organization, to reduce personnel and operating costs, as well as to optimize the location portfolio. The implementation will be carried out essentially in the coming financial year and is expected to lead to savings of around 19 million euros in the 2027 financial year. From the following financial year, Stabilus expects annual cost savings of around 32 million euros.
Stabilus wants to dismantle 450 jobs worldwide, mostly in the European region (EMEA) and in America. Stabilus intends to relocate and merging office and production areas in Germany, the USA, Singapore and Thailand, with the aim of setting up locations more efficiently.
Stabilus reacts to a continued challenging market environment that is characterized by weak global growth, persistent cost inflation and structural changes in important target markets.
In the third business district (at the end of June), the company had recorded sales and earnings declines and announced at the beginning of August to reach the lower end of the targeted tension for sales and operational margin in the entire year.
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