Q3 2026 Stabilus SE Earnings Call Transcript

Aug 3, 2026 / 08:30 AM GMT

Release Date Price: $20

Transcript

Key Points

Positve

Stabilus SE (WBO:STA2) successfully completed the sale of Fabrica and TECH products, generating an enterprise value of €92 million and strengthening its focus on core automation and robotics technologies.
The company improved its adjusted EBIT margin to 10.8% in Q3 2026, up from 10.5% in the prior year, despite a 4.5% decline in revenue, driven by efficiency programs and a favorable business mix.
Industrial business segment showed strong organic growth of 8% year-over-year, with notable gains in defense (35% growth), commercial vehicles, and independent aftermarket sectors, offsetting weakness in automotive.
Stabilus SE (WBO:STA2) significantly deleveraged its balance sheet, reducing net debt from €631 million to €554 million and lowering the net leverage ratio to 2.77, while also increasing covenant headroom to 3.9 for safety.
The company's cost savings program is highly effective, delivering €15.4 million in savings year-to-date against a cash outflow of €7.3 million, with expectations to reach €19 million in FY27 and €32 million in recurring savings by 2028.
Stabilus SE (WBO:STA2) is making strategic progress in humanoid robotics, partnering exclusively with Synapticon and sending first samples to customers, with potential content of €100-€250 per joint and first sales expected next year.

Negative

Revenue declined 4.5% organically in Q3 2026, primarily due to persistent weakness in the Asia-Pacific region, particularly China, where the company experienced an 18% year-over-year drop in sales.
The automotive segment suffered a significant 15% organic decline year-over-year, driven by soft global light vehicle production (below 90 million units) and intense competitive pricing pressure, especially in China.
Stabilus SE (WBO:STA2) faces ongoing price erosion of approximately 5-6% annually in the Asia-Pacific market, which is expected to continue and requires constant cost countermeasures.
Free cash flow for the first nine months was lower at €28.5 million compared to the prior year, impacted by reduced sales and EBITDA, though the company remains confident in achieving its full-year guidance.
The company's net working capital increased to 20.5% of sales, partly due to the shift toward industrial business, which requires higher inventory levels and longer payment terms, necessitating ongoing management efforts.
Customer sentiment in the automotive sector remains fragile, with major OEMs dampening their outlooks, leading to cautious guidance and a narrowed revenue forecast of around €1.15 billion for the full year.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

STM1.DE - Stabilus SE
Q3 2026 Stabilus SE Earnings Call
Aug 03, 2026 / 08:30AM GMT

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Presentation
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Unidentified_1 [1]
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Yeah, good morning and welcome to our quarter three results call.

I would like to start this time around with the key takeaways for you.

So first of all, yes, we completed the sale of Fabrica and Tricht products. As you all know, starting 1st of May, we had a signing on 7th of May and the closing was on the 23rd of June in 2026.

Also very important to our business is for sure our personal related measures we are taking as a very important pillar to improve our business and to do a business transformation. This transformation program is basically completed, right? All personal measures have been taken and we are enjoying the fruits of this success.

Important to know is also that we increased our covenant. Headroom.

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