Stabilus SE Q1 2025 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Marc-Rene Tonn - Warburg Research - Analyst : Yes, good morning. And thank you for taking my question. Basically, two or three of them. First one would probably be on Powerise and thank you for elaborating on some of the reasons behind. Let's say software development in the in the first quarter. If you can give us some indication whether you already see, let's say the mix improving again with let's say higher demand from the customers. There's also some inventory effects which may have played a role at your customers. And I think most importantly, when we should expect the business with the door actuation systems to increase and to finally bring powerise back on the growth path, that would probably be my first question. Second question would be you mentioned Chinese competition and gas springs for furniture. Do you also see any kind of competition from that side from China coming into the automotive gas spring business or any part of your industrial business. Where this may be an issue in the future and how you might have to react on that over there, the quality requirements, there are still such high that you are very well protected still in these areas. And that just generally coming back to powerise, I think in the past, you mentioned that your order intake is ahead of your current market share, whether this is something you could still confirm for now and going also into the future. Thank you. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JANUARY 27, 2025 / 9:30AM, STM1.DE - Q1 2025 Stabilus SE Earnings Call

Question: Marc-Rene Tonn - Warburg Research - Analyst : Clear. Thank you very much.

Question: Akshat Kacker - JP Morgan - Analyst : Thank you. Good morning, Michael. Good morning, Stefan. Three questions from my side, please. And sorry to come back to the underperformance and powerise as the first question. If I think about the business development in North America and APAC, it's clearly down double digit in organic terms. And I completely heard you on all the comments that you made. But when I think about how the market did in Q4 last year. Basically your quarter one production in China, even excluding BYD was up 5% the market was up 12%. So that's a stark contrast to your own business development and powerise in that business. And even in North America, I'm just cognizant of the fact that powerise in North America was down high single digit already in FY24. And when I think about overall electric mobility trends, your product is power and agnostic Tesla volumes were not down meaningfully in Q4. In fact, they were up. So I'm just trying to understand why are you seeing that this fortunate impact from e mobility trends? So just if you could clarify powerise a little bit more for me, that would be super helpful. And if you could just help us understand your overall full year expectations on automotive powerise sales this year, do you think overall global sales could be down with single digit? So that's the powerized question, please. The second question APAC margins and the pricing pressure in the region that you mentioned in your December call. So basically, you've guided for 100 basis points to 200 basis points of margin contraction at both ends of your range. I'm just interested in understanding how has that situation evolved in the last couple of months. We've seen that in Q1 margins are down 100 basis points. Should we expect more pressure in the coming quarters, or should we expect more improvement from this 100-basis point level as you focus on cost actions? And the last question is on industrial powerise, I think you mentioned you started to sell Powerise into e-commerce and independent aftermarket. Could you just give us more examples of end market segments or applications that these products are going into, please? Thank you.

Question: Akshat Kacker - JP Morgan - Analyst : Thank you so much.