Stabilus S.A.: Stabilus S.A. achieved record sales and operating results in fiscal year 2014
Dec 02, 2014 12:05 PM
Stabilus S.A. / Key word(s): Final Results
PRESS RELEASE 2 December 2014
Stabilus S.A. achieved record sales and operating results in fiscal year 2014
- Full year sales increased by 10.3 percent to EUR 507 million compared to last year
- Adjusted EBITDA amounted to EUR 92.5 million, up 6.2% compared to last year
- Adjusted EBIT advanced by 10.2% to EUR 65 million
- Net financial debt decreased to EUR 229 million
- Refinancing of financial liabilities was secured at attractive conditions for summer 2015
- Further major contracts and platforms were won in Powerise
Stabilus S.A. (Stabilus), a globally leading developer and producer of gas springs and hydraulic dampers achieved record sales and operating results in the fiscal year 2014. During the fiscal year which ended on 30 September 2014, Stabilus was able to increase its sales by 10.3 percent from last year's EUR 460.1 million to EUR 507.3 million. Adjusted EBITDA amounted to EUR 92.5 million, an increase of 6.2% compared to last year. Adjusted EBIT increased by 10.2% from last year's EUR 59.1mm to EUR 65.1 million. Net financial debt could be reduced from last year's EUR 300.9 million to EUR 229 million.
Further, Stabilus has successfully secured for summer 2015 the refinancing of its financial liabilities maturing in 2018. Banks have already signed commitment letters for this. With the refinancing, interest expenses for Stabilus will be reduced by approximately EUR 13 million per annum.
Dietmar Siemssen, CEO of Stabilus, commented: "This fiscal year was again highly successful for Stabilus: Not only could we continue our strong growth track, but with our successful IPO in spring 2014 we could also reach another important milestone in the history of our company."
Further information can be obtained on the Stabilus website in the Investor Relations section (www.ir.stabilus.com).
A comprehensive annual report with detailed notes will be published on 15 December 2014.
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 11 production plants 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. Since May 2014, Stabilus was listed on the German Stock Exchange and became an SDAX member in September 2014.
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. Stabilus S.A. does not intend, and does not assume any liability whatsoever, to update these forward-looking statements or to conform them to future events or developments.
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