Strip Tinning Holdings plc (GB:STG) has released an update.
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Strip Tinning Holdings plc, a specialist in automotive connection systems, has reported a robust financial performance for 2023 with revenues rising to £10.8 million and a significant improvement in adjusted EBITDA, turning a previous year’s loss into a modest gain. The Glazing division, now cash generative, and the well-capitalized Battery Technologies division are set to drive future growth, with several major programme wins expected to boost sales from 2025. The company also maintains a strong commitment to ESG practices, retaining an A grade rating for the third consecutive year.
For further insights into GB:STG stock, check out TipRanks’ Stock Analysis page.
