EQS-News
STS Group AG remains on track - continued high sales and earnings growth after nine months 2023 - Seite 2
Earnings development
Accordingly, the earnings situation of STS Group AG also developed positively. The China business, in particular, made a significant contribution to the Group's positive overall result with further improvements in earnings. Earnings before interest, taxes, depreciation and amortization (EBITDA) more than doubled in the first nine months, rising by 7.7 mEUR to 14.7 mEUR, compared with 7.0 mEUR in the same period of the previous year. As a result, the STS Group's EBITDA margin of 7.0% was also significantly higher than in the same period of the previous year (4.1%).
Forecast 2023 specified
STS Group's business performance in the first nine months of 2023 continued to be very positive, thus emphatically underlining the growth prospects communicated in the Annual Report 2022. As expected, the Chinese commercial vehicle market in particular recorded a significant recovery, which is reflected in the current sales and earnings performance. Against this backdrop and in consideration of the existing geopolitical uncertainties, the Executive Board has specified its forecast for the year accordingly. Thus, STS Group is expected to generate sales revenue growth in the low double-digit percentage range (previously: slight sales growth) for the financial year 2023. EBITDA is still expected to increase significantly – the corresponding EBITDA margin is expected to be between 6.5% and 7.5%.
Key figures in the first nine months of 2023
in mEUR | 9M/2023 | 9M/2022 | Change | ||
Sales revenue | 210.2 | 172.1 | 22.2% | ||
EBITDA | 14.7 | 7.0 | 110.2% | ||
EBITDA margin | 7.0% | 4.1% | 72.0% |
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