DGAP-News: Stabilus S.A. / Key word(s): Miscellaneous
Stabilus S.A. celebrates first anniversary of its stock market
floatation
26.05.2015 / 07:00
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CORPORATE NEWS
Luxembourg/Koblenz, 26.5.2015
Stabilus S.A. celebrates first anniversary of its stock market floatation
- Share price rose by over 75% since the floatation in May 2014 -
outperforming benchmark indices significantly
- Free float of 99% enables continued high liquidity in the stock
Luxembourg/Koblenz, May 26, 2015 - Stabilus S.A. (ISIN: LU1066226637), the
globally leading developer and producer of gas springs and hydraulic
dampers, has successfully concluded the first year of its stock market
listing. The company's sustained positive development has been acknowledged
by the capital market: on May 22, 2015, the share price closed at 37.80
euros (XETRA), more than 75 percent higher than the issue price of 21.50
euros per share set on May 22, 2014. Measured by the share price
performance in the first year since its floatation, the Stabilus IPO was
one of the most successful listings of 2014 in Germany. The automotive
supplier's stock has considerably outperformed its benchmark indices
DAXsector Industrial (ISIN: DE0009660290) and DAXsector All Automobile
(ISIN: DE000A0S3FC3) in the same period.
Compared with the time of issuance, the market capitalization increased
from around EUR 445.6 million to approx. EUR 783.3 million. With the
inclusion in the SDAX index in September 2014, the Stabilus share has
gained further visibility. While the stock's free float amounted to 58.7
percent immediately after the listing, it has increased to 99 percent by
now, following two successful private placements by the former main
shareholder Triton, which enables a high liquidity in the stock.
Dietmar Siemssen, CEO of Stabilus, said: "In the twelve months since the
floatation we have posted double-digit growth rates in terms of revenue and
operating result and we are delighted that many capital market participants
share our positive assessment of the future of Stabilus. The foundation of
our operating success lies in the continued demand for more convenience and
our leading market position. To realize our growth potential we will
continue to invest in product innovation as well as in the
internationalization of our production locations and the expansion of our
existing sites."
Mark Wilhelms, CFO of Stabilus, added: "Apart from the operating success,
we have also realigned our financing structure for the long-term and
thereby created a solid basis from which we can achieve further growth. We
would like to thank our shareholders for their continued trust in the
development of Stabilus."
<pre>
Press Contact: Investor Relations Contact:
Gaby Jonethal Andreas Schröder
Tel.: +49 261 8900 502 Tel.: +352 286 770 21
E-Mail: gjonethal@stabilus.com E-Mail: anschroeder@stabilus.com
Charles Barker Corporate Communications
Tobias Eberle
+49 69 794090 24
E-Mail: Tobias.Eberle@charlesbarker.de
</pre>
About Stabilus
As a globally active automotive and industrial supplier, Stabilus develops
and produces gas springs, hydraulic dampers as well as electromechanical
drives (Powerise). Employing approximately 4,000 people worldwide, the
company has its operational headquarters in Koblenz. In the fiscal year
2014, Stabilus sales amounted to c. EUR 507 million. Stabilus operates
eleven production plants across nine countries and distributes its products
in over 50 countries in Europe, North, Central and South America and Asia
Pacific via its regional offices and sales partners. Stabilus has been
listed on the German Stock Exchange since May 2014 and became an SDAX
member in September that year.
Important Notice
This press release may contain forward-looking statements based on current
assumptions and forecasts made by Stabilus Group management and other
information currently available to Stabilus. Various known and unknown
risks, uncertainties and other factors could lead to material differences
between the actual future results, financial situation, development or
performance of the company and the estimates given here.
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26.05.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: Stabilus S.A.
2, rue Albert Borschette
L-1246 Luxemburg
Grand Duchy of Luxembourg
Phone: +352 286 770 1
Fax: +352 286 770 99
E-mail: info.lu@stabilus.com
Internet: www.stabilus.com
ISIN: LU1066226637
WKN: A113Q5
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart
End of News DGAP News-Service
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361487 26.05.2015
DGAP-News: Stabilus S.A. celebrates first anniversary of its stock market floatation
| Source: EQS Group AG