PRESS RELEASE : Stabilus S.A.: Stabilus confirms preliminary figures for FY2020 and proposes dividend of EUR 0.50 per share

 
 DGAP-News: Stabilus S.A. / Key word(s): Annual Results/Dividend 
Stabilus S.A.: Stabilus confirms preliminary figures for FY2020 and proposes 
dividend of EUR 0.50 per share 
 
2020-12-11 / 07:00 
The issuer is solely responsible for the content of this announcement. 
 
*CORPORATE NEWS* 
 
*Stabilus S.A.: Stabilus confirms preliminary figures for FY2020 and 
proposes dividend of EUR 0.50 per share* 
 
*- Revenues in FY2020 at EUR 822.1 million (FY2019: EUR 951.3 million) and 
adjusted EBIT[1] margin at 11.8% (FY2019: 15.0%)* 
 
*- FY2020 result at EUR 30.0 million (FY2019: EUR 80.9 million) and free 
cash flow before acquisitions[1] at EUR 62.3 million (FY2019: EUR 89.9 
million)* 
 
*- Revenue of EUR 850 million to EUR 900 million expected for FY2021 with an 
adjusted EBIT[1] margin of 12% to 13%; Stabilus aims to achieve average 
annual revenue growth of 6% up to 2025 and to return to an adjusted EBIT[1] 
margin of 15%* 
 
*Luxemburg/Koblenz, December 11, 2020* - Stabilus S.A. (ISIN: LU1066226637), 
one of the world's leading suppliers of gas springs, damping solutions and 
electromechanical drives for motion control, today confirmed its preliminary 
figures released on November 13, 2020 and closed the fiscal year 2020, which 
ended September 30, with a recovery in business performance in the fourth 
quarter. 
 
Dr. Michael Büchsner, CEO of Stabilus, said: "We were able to close the past 
fiscal year profitably and are looking ahead with confidence. For this 
reason, we want our shareholders to participate in the positive earnings 
situation even in this unusual year and will propose to the Annual General 
Meeting the payment of a dividend of EUR 0.50 per share. We believe that we 
are excellently positioned in our two business segments, Automotive and 
Industry, not least because of our innovative strength. It is therefore our 
goal to become a world leader in motion control solutions over the next five 
years." 
 
*Preliminary revenue figures for fiscal year 2020 confirmed* 
 
In the full fiscal year 2020, the Group recorded revenue of EUR 822.1 
million, compared with EUR 951.3 million in the previous year (-13.6 
percent, organic[1] -13.2 percent year-on-year). 
 
In the EMEA region, revenues amounted to EUR 411.1 million (FY2019: EUR 
482.1 million) and in the Americas region to EUR 299.6 million (FY2019: EUR 
365.9 million). In both regions, revenues were below the previous year's 
level due a drop in vehicle production and the lower demand from industrial 
customers as a result of the COVID-19 pandemic. In contrast to the EMEA and 
the Americas regions, in the APAC region the company recorded an increase in 
revenues compared to the previous year to EUR 111.4 million (FY2019: EUR 
103.3 million). The strong development in this region was mainly due to the 
Automotive Powerise division, which was driven by OEMs and the introduction 
of new vehicle models. 
 
In fiscal year 2020, the automotive business was affected in particular on 
account of pandemic-related interruptions in vehicle production for many 
OEMs. Revenues in the Automotive Gas Spring segment amounted to EUR 268.0 
million (FY2019: EUR 331.4 million) and in the Automotive Powerise division 
to EUR 217.0 million (FY2019: EUR 250.0 million). In organic[1] terms, 
revenues were thus 8.9 percent lower in the Powerise sector and 17.9 percent 
lower in the Gas Spring area than in the previous year. In this context, the 
distinctly better development in the Powerise segment is due to the launch 
of new vehicle models, advancing market penetration and the introduction of 
automated tailgate systems. 
 
The share of the Industrial business in total revenues increased from 39 
percent in fiscal year 2019 to 41 percent in fiscal year 2020. In the 
Industrial business unit, the Group generated revenues of EUR 337.1 million 
(FY2019: EUR 369.9 million), which is 8.9 percent (in organic[1] terms11.9 
percent) less than in the previous year. A good development in the 
Independent Aftermarket and E-Commerce subsegments did not fully offset 
lower customer demand in the Commercial Vehicles and Industrial Machinery & 
Automation subsegments. 
 
*Adjusted EBIT margin of 11.8* *percent; dividend proposal of EUR 0.50 per 
share* 
 
The adjusted EBIT[1] margin in fiscal year 2020 was 11.8 percent (FY2019: 
15.0 percent). 
 
Net profit amounted to EUR 30.0 million (FY2019: EUR 80.9 million) and was 
burdened by non-cash impairments of intangible assets with a net effect of 
around EUR -18 million. Free cash flow before acquisitions (adj. FCF[1]) was 
EUR 62.3 million, compared to EUR 89.9 million euros in the previous year. 
 
The management board and the supervisory board of Stabilus have decided to 
propose to the annual general meeting taking place on February 10, 2021 that 
a dividend of EUR 0.50 per share will be paid for the 2020 fiscal year 
(dividend for FY2019: EUR 1.10). 
 
*Positive growth forecast up to fiscal year 2025* 
 
For fiscal year 2021, Stabilus expects revenues of EUR 850 million to EUR 
900 million and an adjusted EBIT[1] margin in the range of 12 percent to 13 
percent. Up to fiscal year 2025, the company expects average revenue growth 
of 6 percent per year and a return to an adjusted EBIT[1] margin of 15 
percent. 
 
The 2020 annual report can be downloaded from the company's website at 
Investors / Financial Reports & Presentations / 2020 [1] . 
 
________________________ 
 
[1] Cf. definition/calculation of KPI's 'adjusted EBIT' and 'free cash flow 
before acquisitions (adj. FCF)' provided in our current financial reports 
and earnings presentations, e.g. in our 2020 annual report, p. 26ff that can 
be downloaded from the company's website at Investors / Financial Reports & 
Presentations / 2020 [1]. [2] 
 
*Investor contact:* 
Andreas Schröder 
Tel.: [phone] 
E-Mail: [e-mail] 
 
*Press contact:* 
Peter Steiner 
Tel.: [phone] 
E-Mail: [e-mail] 
Charles Barker Corporate Communications 
 
*About Stabilus* 
 
As one of the world's leading suppliers of gas springs, damping solutions 
and electromechanical drives, Stabilus has for eight decades been 
demonstrating its expertise in the automotive industry and a variety of 
other sectors. Gas springs, dampers and electromechanical POWERISE drives 
from Stabilus optimize opening, closing, lifting, lowering and adjusting 
operations, and also protect against vibrations. Employing a workforce of 
more than six thousand worldwide, the company has its operational 
headquarters in Koblenz. Stabilus has reported revenues of EUR 822.1 million 
in the 2020 fiscal year. Stabilus has a global production network 
encompassing plants in eleven countries. Additionally, the Group maintains 
regional offices and relations to sales partners in over fifty countries in 
Europe, North, Central and South America, and in Asia Pacific. Stabilus S.A. 
is listed in the Prime Standard segment of the Frankfurt Stock Exchange and 
included in the SDAX index. 
 
*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. 
 
2020-12-11 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. 
 
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Language:    English 
Company:     Stabilus S.A. 
             2, rue Albert Borschette 
             L-1246 Luxembourg 
             Luxemburg 
Phone:       [phone] 
Fax:         [phone] 
E-mail:      [e-mail] 
Internet:    www.stabilus.com 
ISIN:        LU1066226637 
WKN:         A113Q5 
Indices:     SDAX 
Listed:      Regulated Market in Frankfurt; Regulated Unofficial Market in 
             Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, 
             Tradegate Exchange 
EQS News ID: 1154490 
 
End of News DGAP News Service 
 
1154490 2020-12-11 
 
 
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December 11, 2020 01:00 ET (06:00 GMT)