DGAP-News: STS Group AG publishes figures for the first half of 2021 - Positive development in line with management's expectations
- Organic revenue growth of 36.9% to 134.8 mEUR (HY/2020: 98.5 mEUR)
DGAP-News: STS Group AG / Key word(s): Half Year Results STS Group AG publishes figures for the first half of 2021 - Positive development in line with management's expectations 05.08.2021 / 07:30 The issuer is solely responsible for the content of this announcement. STS Group AG publishes figures for the first half of 2021 - Positive development in line with management's expectations - Half-year development in line with management's expectations - Organic revenue growth of 36.9% to 134.8 mEUR (HY/2020: 98.5 mEUR) - Adjusted EBITDA increases to 13.9 mEUR (HY/2020: 2.8 mEUR) - Guidance for full year 2021 confirmed Hallbergmoos/Munich, August 5, 2021. STS Group AG (ISIN: DE000A1TNU68), a global systems supplier to the automotive industry listed in the General Standard of the Frankfurt Stock Exchange, today publishes its half-year results for the 2021 financial year. Andreas Becker, CEO of STS Group AG: "After closing the past financial year on a positive note, we have started the year 2021 in a stronger position. The first half of the previous year was marked in particular by the plant closures in China and especially in Europe due to the COVID-19 pandemic. In this respect, the development in the first six months of the current business year was quite positive and in line with our expectations. We remain confident that the rest of the year will also develop in line with the forecast published on April 7, 2021." Revenue development Earnings development After depreciation in the first six months of the current financial year was slightly below the previous year's level at -7.4 mEUR (HY/2020: -7.8 mEUR), the financial result at -1.4 mEUR (HY/2020: -0.8 mEUR) and income taxes at -1.2 mEUR (HY/2020: -1.0 mEUR), a positive consolidated result of 3.8 mEUR (HY/2020: - 8.4 mEUR, including discontinued operations -27.7 mEUR) was achieved. The English version of the 2021 half-year report is available for download at Key figures HY 2021
05.08.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
Language: | English |
Company: | STS Group AG |
Zeppelinstraße 4 | |
85399 Hallbergmoos | |
Germany | |
Phone: | +49 (0)811 124494 0 |
E-mail: | [email protected] |
Internet: | https://sts.group |
ISIN: | DE000A1TNU68 |
WKN: | A1TNU6 |
Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1224116 |
End of News | DGAP News Service |
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1224116 05.08.2021