Stabilus SE

Stabilus SE completed the sale of its Fabrica and TECH products business to VMC Group on June 23, 2026, generating an enterprise value of 92 million and using the proceeds to reduce net debt from 631 million to 554 million, lowering the net leverage ratio to 2.77. The company narrowed its full-year revenue guidance to approximately 1.15 billion, with an adjusted EBIT margin of around 10% and free cash flow of approximately 90 million, expressing high confidence with only two months left in the fiscal year. In the third quarter of fiscal 2026, revenue declined 4.5% organically, driven by an 18% drop in Asia-Pacific sales and a 15% organic decline in the automotive segment, while the industrial business grew 8% organically, led by a 35% increase in defense. The adjusted EBIT margin improved to 10.8% from 10.5% a year earlier, supported by cost savings of 15.4 million year-to-date, with expectations to reach 19 million in fiscal 2027 and 32 million in recurring savings by 2028. Stabilus also highlighted progress in humanoid robotics, partnering exclusively with Synapticon and sending first samples to customers, with potential content of 100 to 250 per joint and first sales expected next year.

Stabilus reported third-quarter revenue close to €300 million and an adjusted EBIT margin of 10.8%, up from 10.5% a year earlier, despite a roughly 4% to 4.5% year-over-year revenue decline driven by automotive weakness and China headwinds. The company completed the €92 million sale of its Tech Products and Fabreeka businesses, using proceeds to cut total debt to €554 million and net leverage to 2.77 times, while renegotiating covenants to allow higher leverage ratios through 2027. Industrial revenue grew organically by more than 8%, including 35% growth in aerospace, marine, rail and defense, offsetting a roughly 15% organic decline in automotive and an 18% drop in Asia-Pacific revenue. Stabilus maintained its full-year guidance of about €1.15 billion in revenue, an adjusted EBIT margin around 10% or slightly above, and approximately €90 million in free cash flow, and expects initial low-single-digit million-euro revenue from humanoid-robot actuators next year through its Synapticon partnership.