Stabilus S A : Annual financial report 2020/2021 (PDF)

A N N U A L

R E P O R T

F O C U S O N S U S T A I N A B I L I T Y

A TO OUR SHAREHOLDERS

B COMBINED MANAGEMENT REPORT

C CONSOLIDATED FINANCIAL STATEMENTS

D ANNUAL ACCOUNTS

E ADDITIONAL INFORMATION

KEY FIGURES

Year ended Sept 30,

Revenue by operating segment (i.e. region, location of Stabilus company)

APAC _ 16%

IN € MILLIONS

Revenue

EBIT

Adjusted EBIT

Profit for the period

Capital expenditure

Free cash flow (FCF)

Adjusted FCF

EBIT as % of revenue

Adjusted EBIT as % of revenue

Profit in % of revenue

Capital expenditure as % of revenue

FCF in % of revenue

Adjusted FCF in % of revenue

Net leverage ratio

2021
937.7
121.3
135.0
73.8
(40.6)
88.6
88.6
12.9%
14.4%
7.9%
4.3%
9.4%
9.4%
0.6x

2020		Change	% change
822.1	115.6		14.1%
56.1	65.2		>100.0%
96.7	38.3		39.6%
30.0	43.8		>100.0%
(47.6)	7.0		(14.7%)
61.2	27.4		44.8%
62.3	26.3		42.2%
6.8%
11.8%
3.6%
5.8%
7.4%
7.6%
1.2x

REVENUE
BY OPERATING	49% _ EMEA
SEGMENT
IN %
AMERICAS _ 35%

Revenue by business unit

Automotive

Powerise® _ 28%

40% _ Industrial

REVENUE

BY BUSINESS

UNIT

IN %

Automotive

Gas Spring _ 32%

S TA B I L U S A N N U A L R E P O R T 2 0 2 1

A TO OUR SHAREHOLDERS

B COMBINED MANAGEMENT REPORT

OUR GLOBAL FOOTPRINT

A M E R I C A S

Argentina Buenos Aires

Brazil Itajubá

Mexico Ramos Arizpe

USA Farmington Hills / MI

USA Gastonia / NC

USA Lynnwood / WA

USA Miamisburg / OH

USA Sterling Heights / MI

USA Stoughton / MA

S TA B I L U S A N N U A L R E P O R T 2 0 2 1

C CONSOLIDATED FINANCIAL STATEMENTS

D ANNUAL ACCOUNTS

E ADDITIONAL INFORMATION

E M E A

France Poissy	Germany Langenfeld	Turkey Bursa
Germany Aichwald	Italy Pinerolo	UK Banbury
Germany Büttelborn	Luxembourg Luxembourg	UK Haydock
Germany Eschbach	Romania Brasov
Germany Koblenz	Spain Derio

A P A C

Australia Dingley

China Changzhou

China Pinghu

China Shanghai

Japan Nagoya

Japan Yokohama

New Zealand Auckland

Singapore Singapore

South Korea Busan

South Korea Suwon

Taiwan Tainan

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A TO OUR SHAREHOLDERS

B COMBINED MANAGEMENT REPORT

C CONSOLIDATED FINANCIAL STATEMENTS

D ANNUAL ACCOUNTS

E ADDITIONAL INFORMATION

TO OUR SHAREHOLDERS
LETTER FROM THE CEO																			4
REPORT OF THE SUPERVISORY BOARD													6
INTERVIEW WITH DR. BÜCHSNER ON THE TOPIC
OF SUSTAINABILITY																		8
STABILUS SHARE								11
COMBINED MANAGEMENT REPORT
GENERAL														14
STRATEGY							14
BUSINESS AND GENERAL ENVIRONMENT				16
RESULTS OF OPERATIONS								19
DEVELOPMENT OF OPERATING SEGMENTS			23
FINANCIAL POSITION				25
LIQUIDITY																		26
STATUTORY RESULTS OF OPERATIONS AND
FINANCIAL POSITION OF STABILUS S. A.									29
RISKS AND OPPORTUNITIES						29
CORPORATE GOVERNANCE			34
SUBSEQUENT EVENTS		36
OUTLOOK			36

	CONSOLIDATED FINANCIAL STATEMENTS
	CONSOLIDATED STATEMENT OF
	COMPREHENSIVE INCOME			38
	CONSOLIDATED STATEMENT OF
	FINANCIAL POSITION						39
	CONSOLIDATED STATEMENT OF
	CHANGES IN EQUITY									40
	CONSOLIDATED STATEMENT OF CASH FLOWS			41
	NOTES TO THE CONSOLIDATED FINANCIAL
	STATEMENTS													42
	RESPONSIBILITY STATEMENT					95
	MANAGEMENT BOARD OF STABILUS S. A.								96
	SUPERVISORY BOARD OF STABILUS S. A.					97
	INDEPENDENT AUDITOR'S REPORT					98
	ANNUAL ACCOUNTS
	BALANCE SHEET																		102
	PROFIT AND LOSS ACCOUNT											103
	NOTES TO THE ANNUAL ACCOUNTS							104
	RESPONSIBILITY STATEMENT									111
	INDEPENDENT AUDITOR'S REPORT							112
	ADDITIONAL INFORMATION
	FINANCIAL CALENDAR		115
	DISCLAIMER														115
	TABLE DIRECTORY												116
	INFORMATION RESOURCES								119

S TA B I L U S A N N U A L R E P O R T 2 0 2 1

2

A TO OUR SHAREHOLDERS

B COMBINED MANAGEMENT REPORT

C CONSOLIDATED FINANCIAL STATEMENTS

D ANNUAL ACCOUNTS

E ADDITIONAL INFORMATION

TO OUR

SHAREHOLDERS

LETTER FROM THE CEO		4
REPORT OF THE SUPERVISORY BOARD		6
INTERVIEW WITH DR. BÜCHSNER ON THE TOPIC
OF SUSTAINABILITY			8
STABILUS SHARE			11

S TA B I L U S A N N U A L R E P O R T 2 0 2 1

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