STS Group AG Records Impressive Growth in H1 2024

STS Group AG has reported positive growth for the first half of 2024 despite a challenging market environment. Sales revenue increased by 7.0% to 153.5 million euros, with the Plastics segment being a primary growth driver, achieving a 9.9% increase in sales revenue.

The company's EBITDA also saw a significant rise, increasing by 40.3% to 11.8 million euros. This improvement in earnings is reflected in the EBITDA margin, which rose to 7.7% from 5.8% in the same period of the previous year.

The newly operational US production site is expected to contribute positively to sales in the second half of 2024. However, despite these successes, STS Group recorded a net loss of 0.7 million euros, similar to the previous year's loss. Equity decreased slightly to 45.4 million euros, and net financial debt increased to 36.3 million euros.

The Executive Board remains confident, confirming its forecast for growth in the upper single-digit percentage range and an EBITDA margin in the high single-digit percentage range for the full year 2024.