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Stif: 72% increase in sales by 2024

(CercleFinance.com) - Stif posted sales of 61.
2 million euros for the full year 2024, up 72.3%, reflecting the ramp-up in sales of products dedicated to BESS (Battery Energy Storage System) protection.

In this segment, the explosion protection specialist recorded 2024 sales of 29.3 million euros, compared with 4.5 million in 2023. This activity thus represents 47.8% of the Group's total sales by the end of 2024.

'Positioned in a market segment enjoying exponential growth and with steadily expanding geographical coverage', Stif confirms that it is targeting sales of around 80 million euros by 2027, with EBITDA in excess of 20% of sales.

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