Stabilus reports a 4.5% year-over-year revenue decline but lifts adjusted EBIT margin to 10.8% on efficiency gains and industrial growth.
Stabilus posted third-quarter revenue of nearly €300 million, down 4% to 4.5% from a year earlier, as weakness in China and automotive markets weighed on sales. Adjusted EBIT margin rose to 10.8% from 10.5%, driven by cost-efficiency measures and stronger industrial operations.
The company reduced total debt to €554 million after selling Tech Products and Fabreeka for €92 million, lowering net leverage to 2.77 times. Stabilus maintained its full-year guidance for €1.15 billion in revenue, an adjusted EBIT margin of around 10%, and €90 million in free cash flow.
Industrial revenue grew over 8% organically, including a 35% surge in aerospace, marine, rail, and defense, while automotive revenue fell 15% and Asia-Pacific declined 18%. Stabilus expects initial revenue from humanoid-robot actuators next year via its Synapticon partnership.