Stabilus SE (SIUAF,STM.DE) Monday said that its first-quarter profit declined from a year ago, impacted by currency effects and lower revenues. Looking ahead, the company also reiterated its outlook for fiscal 2026.
The German manufacturer of motion control solutions reported first-quarter profit attributable to shareholders of 7.72 million euros, down from 13.85 million euros in the same period last year. On a per share basis, earnings declined to 0.31 euros from 0.56 euros in the year-ago quarter.
According to the company, profit before tax plunged 44.5 percent to 11.64 million euros from 20.87 million euros in the corresponding quarter of last year.
EBIT for the three-month period came in at 21.1 million euros, a 24.9 percent decline from 28.13 million euros in the previous-year period. Adjusted EBIT fell to 29.3 million euros in the first quarte from 37.8 million euros in the year-ago period.
During the three-month period, group revenue fell 10.7 percent to 291.14 million euros from 326.0 million euros in the prior-year quarter, impacted by adverse currency effects of 3.7 percent, along with an organic decline of 7.0 percent, mainly due to weak business in China.
Looking ahead, Stabilus SE reaffirmed its fiscal 2026 outlook of revenues between 1.1 billion euros and 1.3 billion euros and an adjusted EBIT margin in the range of 10 percent to 12 percent.
On the XETRA Exchange, STM.DE ended Friday's trading at 18.44 euros, down 1.81 percent .
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