Stabilus (STM) Q2 2026 earnings summary

Executive summary

• Transformation program delivered €14.3 million in cost savings in H1 FY2026, with personnel-related measures largely completed and efficiency initiatives offsetting margin pressure.

• Revenue and earnings declined in Q2 and H1 FY2026 due to weak automotive demand, especially in APAC and the Americas, and unfavorable currency effects.

• Strategic focus on automation, robotics, and defense applications, with significant new business wins and continued investments, including a new plant in Suzhou, China.

• Diversified product portfolio and “local for local” approach supported resilience amid geopolitical and economic headwinds.

Financial highlights

• Q2 FY2026 revenue was €304.9 million, down 9.8% year-over-year; H1 FY2026 revenue was €596.0 million, down 10.2% year-over-year.

• Adjusted EBIT margin held steady at 11.2% in Q2 FY2026; H1 FY2026 margin at 10.6%.

• Q2 FY2026 profit was €9.3 million, down 17% year-over-year; H1 FY2026 profit was €17.4 million, down 31.8%.

• Adjusted free cash flow in Q2 FY2026 was €4.1 million, down 77.3% year-over-year; H1 FY2026 was €28.0 million, up 3.7%.

• Net leverage ratio increased to 3.21 at end of March 2026.

Outlook and guidance

• FY2026 guidance confirmed: revenue €1.1–1.3 billion, adjusted EBIT margin 10–12%, adjusted free cash flow €80–110 million.

• Moderate global growth expected, with uneven regional development and persistent geopolitical and supply chain risks.

• Automotive production forecast to decline slightly in 2026, with regional differences; slight improvement in industrial markets anticipated in H2 FY2026.

• Transformation program expected to yield €19 million in savings in FY2027 and €32 million annually from FY2028.