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STS Group AG Meets 2024 Forecast in Challenging Market
STS Group AG announced its 2024 annual results, highlighting an 8.5% revenue increase to EUR 301.5 million, driven by the US production site. The EBITDA rose to EUR 23.0 million, with the EBITDA margin stable at 7.4%. Despite global economic weaknesses and declining key market sales, the company met its annual forecast.
The Plastics segment was pivotal, showing a 17.3% revenue rise to EUR 238.2 million. In contrast, revenue in China fell by 13.6% due to market normalization. The Materials segment also saw a 10.6% revenue decline.
Looking ahead, STS Group expects stable 2025 revenue and an EBITDA margin in the high single digits. The annual report is available on their website.
R. E.
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