Stabilus S.A. celebrates first anniversary of its stock market floatation
May 26, 2015 7:00 AM
Stabilus S.A. / Key word(s): Miscellaneous CORPORATE NEWS Luxembourg/Koblenz, 26.5.2015 Stabilus S.A. celebrates first anniversary of its stock market floatation - Share price rose by over 75% since the floatation in May 2014 - outperforming benchmark indices significantly - Free float of 99% enables continued high liquidity in the stock Luxembourg/Koblenz, May 26, 2015 - Stabilus S.A. (ISIN: LU1066226637), the globally leading developer and producer of gas springs and hydraulic dampers, has successfully concluded the first year of its stock market listing. The company's sustained positive development has been acknowledged by the capital market: on May 22, 2015, the share price closed at 37.80 euros (XETRA), more than 75 percent higher than the issue price of 21.50 euros per share set on May 22, 2014. Measured by the share price performance in the first year since its floatation, the Stabilus IPO was one of the most successful listings of 2014 in Germany. The automotive supplier's stock has considerably outperformed its benchmark indices DAXsector Industrial (ISIN: DE0009660290) and DAXsector All Automobile (ISIN: DE000A0S3FC3) in the same period. Compared with the time of issuance, the market capitalization increased from around EUR 445.6 million to approx. EUR 783.3 million. With the inclusion in the SDAX index in September 2014, the Stabilus share has gained further visibility. While the stock's free float amounted to 58.7 percent immediately after the listing, it has increased to 99 percent by now, following two successful private placements by the former main shareholder Triton, which enables a high liquidity in the stock. Dietmar Siemssen, CEO of Stabilus, said: "In the twelve months since the floatation we have posted double-digit growth rates in terms of revenue and operating result and we are delighted that many capital market participants share our positive assessment of the future of Stabilus. The foundation of our operating success lies in the continued demand for more convenience and our leading market position. To realize our growth potential we will continue to invest in product innovation as well as in the internationalization of our production locations and the expansion of our existing sites." Mark Wilhelms, CFO of Stabilus, added: "Apart from the operating success, we have also realigned our financing structure for the long-term and thereby created a solid basis from which we can achieve further growth. We would like to thank our shareholders for their continued trust in the development of Stabilus."
About Stabilus As a globally active automotive and industrial supplier, Stabilus develops and produces gas springs, hydraulic dampers as well as electromechanical drives (Powerise). Employing approximately 4,000 people worldwide, the company has its operational headquarters in Koblenz. In the fiscal year 2014, Stabilus sales amounted to c. EUR 507 million. Stabilus operates eleven production plants across nine countries and distributes its products in over 50 countries in Europe, North, Central and South America and Asia Pacific via its regional offices and sales partners. Stabilus has been listed on the German Stock Exchange since May 2014 and became an SDAX member in September that year. Important Notice This press release may contain forward-looking statements based on current assumptions and forecasts made by Stabilus Group management and other information currently available to Stabilus. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here.
2015-05-26 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
Language: | English | |
Company: | Stabilus S.A. | |
2, rue Albert Borschette | ||
L-1246 Luxemburg | ||
Grand Duchy of Luxembourg | ||
Phone: | +352 286 770 1 | |
Fax: | +352 286 770 99 | |
E-mail: | info.lu@stabilus.com | |
Internet: | www.stabilus.com | |
ISIN: | LU1066226637 | |
WKN: | A113Q5 | |
Indices: | SDAX | |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart | |
End of News | DGAP News Service |
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