STS Group AG / DE000A1TNU68
03.06.2024 - 07:30:06STS Group AG continues positive development with significant increase in sales revenue and earnings in the first quarter of 2024
| STS Group AG / Key word(s): Quarter Results 03.06.2024 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. STS Group AG continues positive development with significant increase in sales revenue and earnings in the first quarter of 2024 All segments contribute to growth despite economic headwinds Sales revenue increased by 9.4% to EUR 80.9 million (3M/2023: EUR 74.0 million) EBITDA almost doubled to EUR 5.5 million (3M/2023: EUR 3.0 million) EBITDA margin rises up to 6.8% (3M/2023: 4.1%) Full-year guidance confirmed Hagen, 03 June 2024 – STS Group AG (ISIN: DE000A1TNU68), a global systems supplier to the automotive industry listed in the General Standard of the Frankfurt Stock Exchange, announces key figures for the first quarter of 2024. Alberto Buniato, CEO of STS Group AG: "In a market environment that has become more challenging, we are still well on track to drive the company's profitable growth. We have benefited in particular from further growth in China as well as in Europe. The figures for the first quarter are proof of the quality of our products, our good market position and the high level of trust from our customers. Moreover, we were able to achieve this impressive development without any significant contributions from our new US plant. The first parts are now being produced here and series production will be ramped up at the end of the first half of the year, meaning that we will see positive revenue effects from this in the second half of 2024. Looking ahead, we were also able to win a new order for the plant in Mexico, which will ensure high capacity utilization there in the future. All of this underlines our excellent positioning in the market and gives us confidence for our annual targets.“ Sales revenue development In the period from 1 January to 31 March 2024, STS Group AG generated sales revenue of 80.9 mEUR after 74.0 mEUR in the same period of the previous year. The sustained growth of 9.4% was driven by higher Tooling turnover. In particular, the company benefited from further growth at BU Plastics, with an increase in sales revenue of 8.7%. Sales revenue also continued to rise by 6.1% at BU China. The general market development showed mixed trends. While, according to available market data, sales of trucks in China increased by approximately 10%, they fell by about 4% in the USA and also new registrations of medium and heavy trucks in the EU were about 4% lower than in the same quarter of the previous year. Earnings development Correspondingly, the earnings situation of STS Group AG also developed positively. Earnings before interest, taxes, depreciation and amortization (EBITDA) almost doubled and rose by 2.5 mEUR to 5.5 mEUR in the three-month period after 3.0 mEUR in the same period of the previous year. All three segments, Plastics, China and Materials contributed to the positive development of the group. As a result, the STS Group's EBITDA margin of 6.8% was also significantly higher than in the same period of the previous year (4.1%). Guidance 2024 confirmed Despite a slowdown in some regional commercial vehicle markets, the Executive Board is reaffirming its forecast for the 2024 financial year, bolstered by the overall strong business performance. Accordingly, the Executive Board anticipates further sales revenue growth in the upper single-digit percentage range. The EBITDA margin for the financial year is forecast to be in the high single-digit percentage range. Key figures for the first three months of 2024
Investor Relations Kabeler Str. 4 58099 Hagen Germany ir@sts.group www.sts.group Press contact CROSS ALLIANCE communication GmbH Susan Hoffmeister Telefon: +49 89 125 09 0333 E-Mail: sh@crossalliance.de www.crossalliance.de 03.06.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com |
| Language: | English |
| Company: | STS Group AG |
| Kabeler Str. 4 | |
| 58099 Hagen | |
| Germany | |
| E-mail: | ir@sts.group |
| Internet: | https://sts.group |
| ISIN: | DE000A1TNU68 |
| WKN: | A1TNU6 |
| Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1915533 |
| End of News | EQS News Service |
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