DGAP-News

STS Group AG emerges stronger from 2020 and publishes positive outlook for the 2021 financial year - Seite 3

Financial year 2021 - STS starts the year strengthened
For the 2021 financial year, the Executive Board assumes organic revenue growth in the scale of around 10% and an adjusted EBITDA margin in the high single-digit percentage range. This is based on the assumption that the Chinese business will be at the high level of 2020. On one hand, a market normalization is expected for China in the second half of the year, and on the other hand, a continued high level of order intake. In Europe, the commercial vehicle market is expected to recover steadily over the course of the year. In addition, STS will continue to have the flexibility to adjust production to OEM needs and market events.

The 2020 Annual Report of STS Group AG in German is available for download at www.sts.group. The English version of the 2020 Annual Report will be published on on April 16, 2021.

Key figures financial year 2020

in mEUR		2020		2019
Sales		235.0		250.7
EBITDA		14.7		15.3
Adjusted EBITDA		17.7		17.9
Adjusted EBITDA-Marge (in % of sales)		7.5%		7,1%
EBIT		-1.4		-0.5
Earnings before taxes		-3.6		-2.1
Earnings from discontinued operations		-9.3		-7.6
Group result		-15.9		-12.1
Total equity		51.1		68.6
Total equity ratio		27.5%		26.8%
Cash (freely available)		20.0		17.2
Net financial debt		22.9		39.1
Employees		1,601		2,455