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The latest announcement is out from Strip Tinning Holdings plc ( (GB:STG) ).
Strip Tinning Holdings plc reported its FY24 performance in line with market expectations, achieving £9.0m in revenue despite an Adjusted EBITDA loss of £1.9m. The company saw significant sales growth, with a 311% increase in the lifetime value of nominations, and made strides in operational improvements and gross margin enhancement. Noteworthy achievements include new nominations in both its Battery Technologies and Glazing Connectors divisions, positioning the company for substantial future growth. The European car market showed stability, supporting Strip Tinning’s confidence in its growth prospects for FY25 and beyond.
More about Strip Tinning Holdings plc
Strip Tinning Holdings plc is a prominent supplier of specialist connection systems primarily serving the automotive sector. The company’s key divisions include Battery Technologies and Glazing Connectors, focusing on innovative solutions for modern vehicle components.
YTD Price Performance: 0%
Average Trading Volume: 20,799
Technical Sentiment Consensus Rating: Buy
See more data about STG stock on TipRanks’ Stock Analysis page.
