Stratec SE (SBS.DE), a provider of automation and instrumentation solutions, Friday reported earnings before taxes of 5.82 million euros for the 9-month period ended September 30, significantly lower than 10.48 million euros in the same quarter a year ago, primarily due to one-off expenses related to acquisitions, as well as decline in sales.
Net income declined to 4.47 million euros or 0.37 euros per share from 7.53 million euros or 0.62 euros per share in the previous year.
Excluding items, adjusted net income was 8.14 million euros or 0.67 euros per share, lower than 9.74 million euros or 0.80 euros per share last year.
Sales for the period decreased to 176.31 million euros from 187.68 million euros a year ago.
For fiscal 2024, the company expects sales to be stable or decrease slightly.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.