(CercleFinance.com) – Stif reported on Wednesday evening, as part of its first publication of results since its initial public offering (IPO) last December, of a strong increase in its profitability for the 2023 financial year.
The explosion protection specialist saw its current operating profit (Ebitda) climb by 37% last year, to more than 7.7 million euros compared to 3.5 million in 2022.
Its turnover, already published, stood at 35.5 million euros over the entire financial year, up 14% from one year to the next.
In a press release, the group attributes its good performance to its ramp-up in the marketing of its high value-added products dedicated to explosion protection, in particular dedicated to the battery energy storage systems (BESS) segment. .
This activity alone saw growth of 54% in 2023.
Already profitable, Stif says it has generated an annual net profit of two million euros, compared to a profit of 1.7 million in 2022.
The dynamism of its activity also continued in the first quarter of 2024, since its turnover over the first three months of the year reached 12.8 million euros, an increase of 77%.
For the record, the company won a major contract with Tesla for the supply of anti-explosion panels, representing a turnover of around 10 million euros for the 2024 financial year alone.
By 2027, Stif still plans to generate a turnover of around 80 million euros, accompanied by an Ebitda greater than 15% of turnover.
On the Paris Stock Exchange, the stock soared by 12% following the publication of these figures. It has already posted a gain of 56% since the IPO.
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