EQS-News

STS Group AG remains on track - continued high sales and earnings growth after nine months 2023

EQS-News: STS Group AG / Key word(s): 9 Month figures STS Group AG remains on track - continued high sales and earnings growth after nine months 2023 13.11.2023 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. STS Group AG remains on track - continued high sales and earnings growth after nine months 2023

• Growth in all regions
• Sales revenue increases by 22.2% to 210.2 mEUR (9M/2022: 172.1 mEUR)
• EBITDA more than doubled to 14.7 mEUR (9M/2022: 7.0 mEUR)
• EBITDA margin increases significantly to 7.0% (9M/2022: 4.1%)
• Figures presented underpin growth story – full-year targets specified accordingly

Hagen, November 13, 2023 - STS Group AG (ISIN: DE000A1TNU68), a global systems supplier for the automotive industry listed on the General Standard of the Frankfurt Stock Exchange, today publishes its nine-month figures for 2023.

Alberto Buniato, CEO of STS Group AG: "The pleasing business development of the first half of the year has continued in the third quarter of 2023, notwithstanding the geopolitical uncertainties. Our sites in Europe and Mexico continue to develop positively and have consolidated their growth in the reporting period. We are also benefiting from the strong market recovery in the important China business. We intend to use this momentum to leverage additional growth potential and further expand our market position. The opening of our first plant in the USA in spring is an important step in this direction, enabling us to make better use of existing market opportunities. We will start series production there in the course of the first half of 2024, thus powerfully driving the targeted expansion of our North American business."

Sales revenue development

In the period from January 1 to September 30, 2023, STS Group AG generated sales revenue of 210.2 mEUR, compared with 172.1 mEUR in the same period of the previous year. The continued strong growth of 22.2% was driven by all three segments. The STS Group benefited from a significant recovery in the European, Mexican and, in particular, Chinese truck markets. This was reflected in rising customer call-offs and an improvement in margins. In addition, the efficiency measures introduced last year led to increased profitability overall.