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STIF: Impressive results in the first half of 2024

Stock price chart of STIF (EPA:ALSTI) showing fluctuations.

The STIF group, specializing in explosion protection, has revealed remarkable results for the first half of 2024. Revenue reached €27.67 million, marking an increase of 69% compared to last year. This increase is explained by the boom in sales of protection systems for BESS (Battery Energy Storage System), which generated €11 million, an increase of 314%.

Profitability followed, with EBITDA up 340% to €6.27 million. Operating income stood at €4.74 million, a 6.4-fold increase compared to 2023. The group's net income stood at €3.38 million, a 7.3-fold increase.

These performances are accompanied by geographical expansion and an improvement in profitability. STIF forecasts a turnover close to €60 million for the full year of 2024 and maintains a target of €80 million by 2027.

R. H.

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