STS Group AG Reports Strong First Quarter Performance in 2024

STS Group AG, a global systems supplier to the automotive industry, experienced significant growth in the first quarter of 2024. The company reported a 9.4% increase in sales revenue, reaching EUR 80.9 million, compared to EUR 74.0 million in the same period last year. The rise was driven by higher Tooling turnover and growth in the Plastics and China business units.

EBITDA nearly doubled to EUR 5.5 million, up from EUR 3.0 million, reflecting an improved margin of 6.8%. This robust performance came despite economic challenges, with all market segments contributing to the growth.

Alberto Buniato, CEO of STS Group AG, highlighted the continuing expansion in China and Europe. He noted that the new US plant is beginning initial production, with full-scale operations expected by mid-year. Furthermore, a new order in Mexico is set to ensure high capacity utilization.

The company confirmed its full-year guidance, anticipating further sales revenue growth and an EBITDA margin in the high single-digit percentage range.