STS Group AG continues positive development with significant increase in
sales revenue and earnings in the first quarter of 2024

EQS-News: STS Group AG / Key word(s): Quarter Results
STS Group AG continues positive development with significant increase in
sales revenue and earnings in the first quarter of 2024

03.06.2024 / 07:30 CET/CEST
The issuer is solely responsible for the content of this announcement.

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STS Group AG continues positive development with significant increase in
sales revenue and earnings in the first quarter of 2024

* All segments contribute to growth despite economic headwinds

  * Sales revenue increased by 9.4% to EUR 80.9 million (3M/2023: EUR 74.0
    million)

* EBITDA almost doubled to EUR 5.5 million (3M/2023: EUR 3.0 million)

* EBITDA margin rises up to 6.8% (3M/2023: 4.1%)

* Full-year guidance confirmed

Hagen, 03 June 2024 - STS Group AG (ISIN: DE000A1TNU68), a global systems
supplier to the automotive industry listed in the General Standard of the
Frankfurt Stock Exchange, announces key figures for the first quarter of
2024.

Alberto Buniato, CEO of STS Group AG: "In a market environment that has
become more challenging, we are still well on track to drive the company's
profitable growth. We have benefited in particular from further growth in
China as well as in Europe. The figures for the first quarter are proof of
the quality of our products, our good market position and the high level of
trust from our customers. Moreover, we were able to achieve this impressive
development without any significant contributions from our new US plant. The
first parts are now being produced here and series production will be ramped
up at the end of the first half of the year, meaning that we will see
positive revenue effects from this in the second half of 2024. Looking
ahead, we were also able to win a new order for the plant in Mexico, which
will ensure high capacity utilization there in the future. All of this
underlines our excellent positioning in the market and gives us confidence
for our annual targets."

Sales revenue development

In the period from 1 January to 31 March 2024, STS Group AG generated sales
revenue of 80.9 mEUR after 74.0 mEUR in the same period of the previous
year. The sustained growth of 9.4% was driven by higher Tooling turnover. In
particular, the company benefited from further growth at BU Plastics, with
an increase in sales revenue of 8.7%. Sales revenue also continued to rise
by 6.1% at BU China. The general market development showed mixed trends.
While, according to available market data, sales of trucks in China
increased by approximately 10%, they fell by about 4% in the USA and also
new registrations of medium and heavy trucks in the EU were about 4% lower
than in the same quarter of the previous year.

Earnings development

Correspondingly, the earnings situation of STS Group AG also developed
positively. Earnings before interest, taxes, depreciation and amortization
(EBITDA) almost doubled and rose by 2.5 mEUR to 5.5 mEUR in the three-month
period after 3.0 mEUR in the same period of the previous year. All three
segments, Plastics, China and Materials contributed to the positive
development of the group. As a result, the STS Group's EBITDA margin of 6.8%
was also significantly higher than in the same period of the previous year
(4.1%).

Guidance 2024 confirmed

Despite a slowdown in some regional commercial vehicle markets, the
Executive Board is reaffirming its forecast for the 2024 financial year,
bolstered by the overall strong business performance. Accordingly, the
Executive Board anticipates further sales revenue growth in the upper
single-digit percentage range. The EBITDA margin for the financial year is
forecast to be in the high single-digit percentage range.

Key figures for the first three months of 2024

          in mEUR    3M/2024    3M/2023  Change
    Sales revenue       80.9       74.0    9.4%
           EBITDA        5.5        3.0   81.6%
    EBITDA margin       6.8%       4.1%   2.7pp

About STS Group:

STS Group AG, www.sts.group (ISIN: DE000A1TNU68), is a leading systems
supplier for the automotive industry. The group of companies employs 1,392
people worldwide and generated sales of EUR 277.9 million in the 2023
financial year. At its twelve plants and three development centers in
France, Germany, Mexico, China and, in future, the USA, STS Group ("STS")
produces and develops injection-moulded plastics and components made from
sheet moulding compounds (SMC), such as rigid and flexible vehicle and
aerodynamic trim, holistic interior systems, as well as lightweight and
battery components for electric vehicles. STS is a technological leader in
the production of plastic injection moulding and composite components. STS
has a large global footprint with plants on three continents. The customer
portfolio includes leading international manufacturers of commercial
vehicles, passenger cars and electric vehicles.

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

Press contact
CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Telefon: +49 89 125 09 0333
E-Mail: sh@crossalliance.de
www.crossalliance.de


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03.06.2024 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:    1915533

End of News EQS News Service
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1915533 03.06.2024 CET/CEST