Surface Transforms (GB:SCE) has released an update.
Surface Transforms, a UK manufacturer of advanced carbon-ceramic brake discs, projects a significant sales increase for 2024, with anticipated growth between 111% to 165% compared to the previous year, aiming for sales between £17.5m and £22m. The optimistic forecast is hinged upon continued improvements in reducing scrap, expanding manufacturing capacity, and delivering a more favorable product mix to customers. CEO Kevin Johnson expressed commitment to achieving the higher end of the sales range, which is a response to shareholder queries about worst-case scenarios.
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