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  Stabilus increases sales and again wants to pay a dividend | News | Bit Updates
Home » bitcoin updates » Stabilus increases sales and again wants to pay a dividend | News

Stabilus increases sales and again wants to pay a dividend | News

Monday, November 27th, 2017 | bitcoin updates

The Koblenz automotive supplier Stabilus (ISIN: LU1066226637) published its preliminary figures for the 2017 financial year on Monday. Consolidated sales increased by 23.4 percent year-on-year to EUR 910.0 million. Organic sales growth was 11.3 percent. Adjusted EBIT grew by 40.8 percent to EUR 137.6 million, according to preliminary figures. The adjusted EBIT margin increased from 13.2 percent to 15.1 percent. The Group's profit for the year amounted to € 79.2 million after € 48.0 million in the previous year.
After paying the first dividend (EUR 0.50) in 2017, the Group intends to distribute a dividend for the 2017 financial year in 2018 as well. At the current share price of € 75.62 and based on this year's payout, the current dividend yield is 0.66 percent. The Annual General Meeting of Stabilus S.A. will be held on February 14, 2018 in Luxembourg.
For financial year 2018 (ending September 30, 2018), Stabilus expects organic growth of around 7 percent to 975 million euros (at a constant average of USD / EUR exchange rate of 1.10 compared to the previous year at the current average USD / EUR Price of 1.15 is expected to have a turnover of around 960 million euros). The adjusted EBIT margin is expected to be around 15.5 percent.
Stabilus is a manufacturer of gas springs and hydraulic dampers in various industries, such as the automotive industry and office chair production, furniture technology or medical technology. Stabilus was founded in 1934 and is headquartered in Luxembourg. The head office is based in Koblenz. The IPO took place in May 2014 at an issue price of EUR 21.50. The share is listed in the SDAX.
Editorial office MyDividends.de

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