STIF 2023 annual results: a year of strong growth

STIF, a company specializing in explosion protection, announced a clear increase in its financial indicators for the year 2023. Turnover increased by 14% to reach €35.5 million. EBITDA increased by 37%, reaching €4.7 million, thanks in particular to the efficiency of the product mix and continued cost control.

Net income, Group share, increased by 16%, reaching €2.00 million. This performance is attributable to the growth of the BESS (Battery Energy Storage System) activity, which jumped by 54%, and to the increase in turnover linked to explosions, going from €0.1 million in 2022 to €4.5 million in 2023.

STIF also marked the year with a successful IPO on Euronext Growth Paris, contributing to a significant increase in shareholders' equity, which increased from €6.0 million in 2022 to €15.2 million in 2023. The outlook is also announce positive results for the first quarter of 2024, with revenue growth of 77% compared to the same quarter of the previous year.

The Group confirms its ambition to achieve a turnover of €80 million by 2027, with an EBITDA greater than 15% of turnover.