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Strip Tinning Holdings plc ( (GB:STG) ) has issued an announcement.
Strip Tinning Holdings plc reported a significant increase in the lifetime value of its nominations by 211% for FY24, reflecting successful sales in its Battery Technologies and Glazing Connectors divisions. Despite an Adjusted EBITDA loss of £1.9m, operational improvements have bolstered gross margins, and the company anticipates medium-term growth with expectations to triple sales by FY27, supported by strong customer relationships and a robust pipeline.
More about Strip Tinning Holdings plc
Strip Tinning Holdings plc is a leading supplier of specialist connection systems in the automotive sector. The company focuses on providing advanced solutions through its Battery Technologies and Glazing Connectors divisions, with a strong emphasis on innovation and market growth.
YTD Price Performance: 0%
Average Trading Volume: 21,467
Technical Sentiment Consensus Rating: Buy
See more insights into STG stock on TipRanks’ Stock Analysis page.