on STIF (EPA:ALSTI)
Positive results for STIF in 2024 despite challenges
STIF, a specialist in explosion protection, has announced remarkable financial results for 2024. Revenue reached €61.2 million, marking a 72.7% increase compared to the previous year. EBITDA reached €15.7 million, an increase of 235%.
The group attributes this growth to strong demand for its explosion protection solutions in the battery energy storage sector. As a result, the BESS business generated revenue of €29.3 million, representing nearly half of total revenue.
STIF plans to maintain this momentum in 2025, with a revenue growth target of 20%. The proposed dividend of €0.59 per share reflects the company's confidence in its future prospects.
R. P.
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