STS Group AG Achieves Higher Profitability Amid Market Challenges

In the first nine months of 2024, STS Group AG reported an increase in profitability despite a slight decline in sales revenue. The company, a prominent systems supplier for the automotive sector, recorded sales of 207.0 million EUR, a decline of 1.5% compared to the previous year. However, their EBITDA advanced by 14.2% to 16.8 million EUR, enhancing the EBITDA margin from 7.0% to 8.1%.

Amid difficult conditions in the truck markets across China, the EU, and the US, STS Group AG maintained stability. Their US plant ramp-up aligns with expectations, while adjustments and restructuring, particularly in France, contributed to their improved financial performance. The Executive Board remains confident about reaching its annual targets, projecting high single-digit growth in both revenue and EBITDA margin for the year.