Stif: upbeat after half-year results

(CercleFinance.com) - Stif gained nearly 4% after the explosion protection specialist reported a 7.
3-fold increase in net income, group share, to 3.38 million euros, for the first six months of 2024.

Its EBITDA margin improved to 22.7% (8.7% in the first half of 2023), reflecting 'an increasingly favorable product mix combined with ongoing control of production costs' against a backdrop of 69% growth in sales to 27.67 million.

Stif expects to achieve sales of close to 60 million euros for the current financial year (and around 80 million by 2027), and anticipates an EBITDA margin in excess of 20% for 2024 and future years.

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