(AOF) – Stif unveiled its 2023 annual results, showing a group net profit of 2 million euros, an improvement of 16% compared to 2022 and an Ebitda up 37% to 4.74 million euros. The turnover of the explosion protection specialist is up 14% to 35.5 million euros. Activity for the first quarter of 2024 shows growth of 77% to 12.8 million euros. euros compared to the same quarter of 2023.
The Stif board of directors will propose at the General Meeting of June 12, 2024 the payment of a dividend of 0.19 euros per share for the 2023 financial year.
In terms of prospects, the company confirms its ambition to achieve a turnover by 2027 of around 80 million euros accompanied by an Ebitda greater than 15% of turnover.
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Sector sheet – Electronics
Large TVs booming
If specialists expected less appetite for large televisions after the health crisis, this is clearly not the case. The IFA highlighted the development of this equipment, with screens that can reach up to 120 inches. This market segment should see its activity driven by next summer’s Olympic Games. Leader for seventeen years in the television market, Samsung offers the most complete technological range. Large televisions are rather standard products for the Korean giant. As for the Chinese TCL, which took second place in the world market from LG, it is banking on the accessibility of its products, with prices significantly lower than those charged by Samsung. The group achieved growth of nearly 68% between the first half of 2021 and 2022 in the segment over 65 inches. Over one year, the average size of screens marketed by TCL increased from 46.3 to 49.9 inches. Another Chinese player, Hisense, is also seeking to gain market share in this niche.