Automotive And Commercial Vehicle SegmentsStabilus blamed lower call-off quantities in the Automotive and Commercial Vehicle segments, which meant that the recovery that Stabilus had anticipated would now no longer materialize.
Market ConfidenceThe need to reduce full year guidance is a clear disappointment and serves as a warning that the improvements many automotive suppliers have also anticipated may prove to be elusive.
Revenue GuidanceStabilus cut both its revenue and adjusted EBIT margin guidance for its current fiscal year reflecting weaker-than-expected revenue development.