Stif: profit-taking after half-yearly sales figures

(CercleFinance.com) - The share price of explosion protection specialist Stif was down on Thursday, its strong first-half growth prompting profit-taking after the sustained stock market growth of recent months.


Shortly before 12:00 pm, the industrial group's share price was down 1.7%, but this did not prevent it from posting a gain of over 141% since the start of the year.

Over the 1st half as a whole, sales rose by 69% to 27.7 million euros, confirming the acceleration in growth seen since the start of the year.

Stif explains that this development reflects the continued strong sales momentum recorded in explosion protection, with in particular a very significant sales volume in the BESS (Battery Energy Storage System) segment.

The BESS business alone generated sales of 11 million euros in the first half, compared with zero over the same period in 2023, and now accounts for 40% of total sales.

Following this publication, which they describe as "explosive", Euroland's analysts have maintained their Buy recommendation and raised their target price from 16.3 to 24.4 euros.

Stif has renewed its ambition to achieve sales of around 80 million euros by 2027.

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