Stif: its sales accelerate by 14% in 2023

(AOF) – Specialist in protection against explosions, Stif generated consolidated annual turnover in 2023, up 14% to 35.5 million euros compared to 31.2 million euros in 2022. This development was notably driven by the increased marketing of products dedicated to the BESS (Battery Energy Storage System) protection segment. Sales to the United States have increased almost threefold from one year to the next and will reach 7.9 million euros in 2023 compared to 2.7 million euros in 2022.

This trend reinforces the group’s desire to accelerate its development in North America and to establish a production unit there in the coming months to serve the very promising local market.

“Driven by the growth of its new ranges of anti-explosion products and the gradual strengthening of its international positions”, Stif confirms its ambition to reach a turnover of around 80 million by 2027. euros accompanied by an Ebitda greater than 15% of turnover.

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