DGAP-Adhoc: Stabilus S.A.: Preliminary results for Q3 2020 significantly impacted by COVID-19 pandemic

2020. július 20., hétfő, 21:43

DGAP-Ad-hoc: Stabilus S.A. / Key word(s): Quarter Results

Stabilus S.A.: Preliminary results for Q3 2020 significantly impacted by COVID-19 pandemic

20-Jul-2020 / 21:43 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

Stabilus S.A.: Preliminary results for Q3 2020 significantly impacted by COVID-19 pandemic

Luxemburg/Koblenz, July 20, 2020 - In context of the COVID-19 pandemic affecting all its markets, Stabilus S.A. ("Stabilus", ISIN LU1066226637), according to preliminary figures, has generated group revenues of EUR 147.0 million for its third quarter of fiscal 2020, which represents a decrease of around 39 percent compared to the previous year quarter (Q3 FY2019: EUR 241.6 million). Adjusted EBIT amounted to EUR 5.7 million in Q3 FY2020 (Q3 FY2020: EUR 37.1 million). The operating result (EBIT) for the third quarter of 2020 was EUR -21.8 million (Q3 FY2020: EUR 29.5 million). The results were negatively impacted predominantly by one-off non-cash impairments of other intangible assets - in particular customer relationships recognized in the balance sheet - in the amount of EUR 25.7 million in the quarter under review. The reason for the impairments is the negative effect of the COVID-19 pandemic on the aviation segment, which is suffering from a significant reduction in product demand as a result of a decline in aircraft production as well as a decline in retrofitting of existing aircraft. Net profit for the quarter was at EUR -16.4 million (Q3 FY2020: EUR 19.3 million).

Stabilus will announce the final results for the third quarter of 2020 on August 3, 2020 when the quarterly statement is published.

# End of ad hoc announcement #


Investor Contact:

Andreas Schröder

Group Financial Reporting Director

Tel.: +352 286 770 21

E-Mail: anschroeder@stabilus.com

Press Contact:

Tobias Eberle

Tel.: +49 69 794090 24

E-Mail: Tobias.Eberle@charlesbarker.de

Charles Barker Corporate Communications


20-Jul-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language: English
Company: Stabilus S.A.

2, rue Albert Borschette

L-1246 Luxembourg

Phone: +352 286 770 1
Fax: +352 286 770 99
E-mail: info.lu@stabilus.com
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: 1097957

End of Announcement DGAP News Service

1097957  20-Jul-2020 CET/CEST

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