Stabilus stock cuts 2030 targets after fiscal 2026 results

Stabilus SE met its revised fiscal 2026 forecast but cut its medium-term growth ambition on Thursday, November 5, 2026. In a corporate release distributed by EQS News, the company said preliminary revenue, adjusted EBIT margin and adjusted free cash flow were in line with its updated guidance.

Guidance met as revenue declines

Revenue for the fiscal year ended September 30, 2026, reached 1,197.6 million euros, down from 1,296.1 million euros in fiscal 2025. The adjusted EBIT margin fell to 10.4% from 11.0%, while adjusted free cash flow declined to 96.1 million euros from 119.0 million euros. The figures nevertheless exceeded or matched the revised targets of roughly 1.15 billion euros in revenue, a 10% adjusted EBIT margin and 90 million euros of adjusted free cash flow.

Fourth-quarter revenue fell 4.4% year over year to 302.1 million euros. Adjusted EBIT decreased to 28.9 million euros from 34.0 million euros, leaving the adjusted EBIT margin at 9.6% compared with 10.8% a year earlier. Adjusted fourth-quarter free cash flow was 39.5 million euros, against 58.7 million euros in the prior-year quarter.

Impairment weighs on reported earnings

Stabilus identified a goodwill impairment of around 67 million euros in the Americas region while preparing its annual accounts. The non-cash charge is recorded as a special item and reduces reported EBIT, but it is excluded from adjusted EBIT and does not affect liquidity or adjusted free cash flow.

Reported EBIT is expected at 63.7 million euros for fiscal 2026, 24.4% below the 84.3 million euros recorded in fiscal 2025. Fourth-quarter EBIT is expected at negative 48.1 million euros, compared with 5.5 million euros a year earlier. The impairment tests had not yet been completed and the preliminary figures had not yet received final audit confirmation when the announcement was issued.

Lower targets reflect market pressure

Stabilus now expects fiscal 2030 revenue of around 1.5 billion euros, compared with its previous ambition of approximately 2.0 billion euros. The adjusted EBIT margin target is now between 12% and 15%, versus the former 15% objective. Management attributed the revision to lower automotive revenue expectations in China and North America and weaker investment appetite for automotive manufacturing equipment.

Chief Executive Michael Büchsner said the company had fulfilled its updated fiscal 2026 forecast despite challenging market conditions. He also pointed to Stabilus' broader positioning beyond automotive and cited growth opportunities in robotics, automation and defense. The comments frame the revised targets as a response to market conditions rather than a change to the company's industrial positioning.

The Management Board plans to propose a fiscal 2026 dividend of 0.22 euros per share, down from 0.35 euros for fiscal 2025. The proposal remains subject to approval by the Supervisory Board and the Annual General Meeting scheduled for February 3, 2027.

Quote and next reporting milestone

Stabilus stock traded at 14.24 euros on Lang & Schwarz at 11:18:53 CET on Monday, November 9, 2026. The real-time quote of Stabilus stock provides the latest market view.

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Stabilus plans to publish its final fiscal 2026 figures and annual report on Monday, December 7, 2026, followed by an analyst and investor conference. More news and analyses on Stabilus stock will follow as the company details its revised strategy.

Stabilus SE

• ISIN: DE000STAB1L8
• Ticker: STM.DE
• Lang & Schwarz quote: 14.24 euros at 11:18:53 CET on November 9, 2026
• Fiscal 2026 revenue: 1,197.6 million euros, preliminary
• Adjusted EBIT margin: 10.4%, preliminary
• Proposed fiscal 2026 dividend: 0.22 euros per share
• Index: SDAX