Standard Profil - comment

Standard Profil has released its Q3 results and scheduled a conference call for Wednesday at 9:00 a.m. The restructuring was completed in November, resulting in improved liquidity through new facilities and a change in ownership. This enhanced financial stability is expected to support a recovery in order intake, which is likely to be a key focus of the upcoming call.

Q3 results show that the order book has improved marginally since June but remains down 20% compared with September 2024. This reflects lower levels of newly awarded business, as well as adjustments related to the future market share assumptions of existing contracts. Revenue trends mirror broader OEM dynamics, with Ford, Renault and Seat increasing their share of sales, driven by a reduction in volumes from Volkswagen, Tesla and Toyota.

Revenue for Q3 was flat year on year, with a modest improvement in gross profit. However, EBITDA for the quarter declined to €3m from an already weak €7.5m in the prior year period, largely due to elevated consultancy costs associated with the debt restructuring. Excluding restructuring-related costs, normalised EBITDA margins for the first nine months stood at 10%, compared with a historical level of 13.4%, reflecting lower tooling income and ongoing inflationary pressure on labour costs.