STS Group AG remains on track - continued high sales and earnings growth
after nine months 2023

EQS-News: STS Group AG / Key word(s): 9 Month figures
STS Group AG remains on track - continued high sales and earnings growth
after nine months 2023

13.11.2023 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.

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STS Group AG remains on track - continued high sales and earnings growth
after nine months 2023

* Growth in all regions

* Sales revenue increases by 22.2% to 210.2 mEUR (9M/2022: 172.1 mEUR)

* EBITDA more than doubled to 14.7 mEUR (9M/2022: 7.0 mEUR)

* EBITDA margin increases significantly to 7.0% (9M/2022: 4.1%)

  * Figures presented underpin growth story - full-year targets specified
    accordingly

Hagen, November 13, 2023 - STS Group AG (ISIN: DE000A1TNU68), a global
systems supplier for the automotive industry listed on the General Standard
of the Frankfurt Stock Exchange, today publishes its nine-month figures for
2023.

Alberto Buniato, CEO of STS Group AG: "The pleasing business development of
the first half of the year has continued in the third quarter of 2023,
notwithstanding the geopolitical uncertainties. Our sites in Europe and
Mexico continue to develop positively and have consolidated their growth in
the reporting period. We are also benefiting from the strong market recovery
in the important China business. We intend to use this momentum to leverage
additional growth potential and further expand our market position. The
opening of our first plant in the USA in spring is an important step in this
direction, enabling us to make better use of existing market opportunities.
We will start series production there in the course of the first half of
2024, thus powerfully driving the targeted expansion of our North American
business."

Sales revenue development

In the period from January 1 to September 30, 2023, STS Group AG generated
sales revenue of 210.2 mEUR, compared with 172.1 mEUR in the same period of
the previous year. The continued strong growth of 22.2% was driven by all
three segments. The STS Group benefited from a significant recovery in the
European, Mexican and, in particular, Chinese truck markets. This was
reflected in rising customer call-offs and an improvement in margins. In
addition, the efficiency measures introduced last year led to increased
profitability overall.

Earnings development

Accordingly, the earnings situation of STS Group AG also developed
positively. The China business, in particular, made a significant
contribution to the Group's positive overall result with further
improvements in earnings. Earnings before interest, taxes, depreciation and
amortization (EBITDA) more than doubled in the first nine months, rising by
7.7 mEUR to 14.7 mEUR, compared with 7.0 mEUR in the same period of the
previous year. As a result, the STS Group's EBITDA margin of 7.0% was also
significantly higher than in the same period of the previous year (4.1%).

Forecast 2023 specified

STS Group's business performance in the first nine months of 2023 continued
to be very positive, thus emphatically underlining the growth prospects
communicated in the Annual Report 2022. As expected, the Chinese commercial
vehicle market in particular recorded a significant recovery, which is
reflected in the current sales and earnings performance. Against this
backdrop and in consideration of the existing geopolitical uncertainties,
the Executive Board has specified its forecast for the year accordingly.
Thus, STS Group is expected to generate sales revenue growth in the low
double-digit percentage range (previously: slight sales growth) for the
financial year 2023. EBITDA is still expected to increase significantly -
the corresponding EBITDA margin is expected to be between 6.5% and 7.5%.

Key figures in the first nine months of 2023

          in mEUR    9M/2023    9M/2022  Change
    Sales revenue      210.2      172.1   22.2%
           EBITDA       14.7        7.0  110.2%
    EBITDA margin       7.0%       4.1%   72.0%

About STS Group:

STS Group AG, www.sts.group (ISIN: DE000A1TNU68), is a leading system
supplier to the automotive industry. It employs more than 1,400 people
worldwide and generated sales of 235.1 mEUR in the financial year 2022. STS
Group ("STS") produces and develops at its twelve plants and three
development centers in France, Germany, Mexico, China and, in the future,
also in the USA plastic injection moulding and components made of composite
materials (Sheet Molding Compound - SMC), such as solid and flexible vehicle
and aerodynamic trim, entire interior systems, as well as lightweight
construction and battery components for electric vehicles. STS is considered
as a technology leader in the manufacture of plastic injection moulding and
components made of composite materials. STS has a large global footprint
with plants in three continents. The customer portfolio comprises leading
international manufacturers of commercial vehicles, passenger cars and
electric vehicles.

STS Group AG
Investor Relations
Kabeler Str. 4
58099 Hagen
ir@sts.group
www.sts.group

Press Contact
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Phone: +49 89 125 09 0333
E-mail: sh@crossalliance.de
www.crossalliance.de


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13.11.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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   Language:       English
   Company:        STS Group AG
                   Kabeler Str. 4
                   58099 Hagen
                   Germany
   E-mail:         ir@sts.group
   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:    1768307

End of News EQS News Service
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1768307 13.11.2023 CET/CEST