STIF (ALSTI) H2 2024 TU earnings summary

Executive summary

• Consolidated annual turnover for 2024 reached €61.2 million, a 72.3% increase year-over-year.

• Growth was primarily driven by the ramp-up in BESS (Battery Energy Storage System) business, which accounted for 47.8% of total sales.

• Expansion in international markets, especially the US and Asia, contributed significantly to overall performance.

Financial highlights

• Sales to the US rose 3.6-fold to €29.8 million in 2024 from €8.2 million in 2023.

• Asian subsidiaries achieved €7.1 million in sales, up 40.9% year-over-year.

• Sales of explosion protection products for industrial environments reached €10.8 million, up from €10.0 million.

• Bulk handling equipment sales increased 2.8% to €19.4 million.

Outlook and guidance

• Targeting sales of around €80 million by 2027, with EBITDA expected to exceed 20% of sales.

• Anticipates continued strong growth in BESS segment and further international expansion.