Stabilus SE reported a 58.4% decrease in profit in the third quarter, with earnings dropping to 10.1 million euros from 24.3 million euros last year. Adjusted EBIT also fell by 23.2% to 33.1 million euros, with a margin of 10.5%. Revenue for the quarter was down by 9.9% to 316 million euros. The company now expects revenue and adjusted EBIT margin for fiscal 2025 to be around 1.3 billion euros and 11%, respectively, at the lower end of its original targets. The guidance aligns with revenue projections of 1.3 billion euros to 1.45 billion euros and an adjusted EBIT margin between 11% and 13%.

Read more at Nasdaq: Stabilus Q3 Results Down; Now Sees FY25 Adj. Margin, Sales At Lower End Of Guidance Range