Strip Tinning Holdings plc (GB:STG) has released an update.
Strip Tinning Holdings plc, a key player in automotive connection systems, reports securing three significant contracts totaling over £60 million, set to bolster mid-to-long-term growth starting from late 2025. Despite these wins, the company anticipates a short-term financial performance below market expectations for FY24 and FY25 due to current EV market demand slowdown and increased costs. Nevertheless, the company remains optimistic about its medium-term prospects, leveraging its strong position in the Battery Technologies and Glazing markets.
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