STS Group AG
ISIN: DE000A1TNU68
WKN: A1TNU6
14 June 2024 03:04PM

EQS-News: Annual General Meeting of STS Group AG approves all proposed resolutions by a large majority

STS Group AG · ISIN: DE000A1TNU68 · EQS - Company News
Country: Germany · Primary market: Germany · EQS NID: 1925465

EQS-News: STS Group AG / Key word(s): AGM/EGM
Annual General Meeting of STS Group AG approves all proposed resolutions by a large majority

14.06.2024 / 15:04 CET/CEST
The issuer is solely responsible for the content of this announcement.


Annual General Meeting of STS Group AG approves all proposed resolutions by a large majority

  • Dividend of EUR 0.041 per share
  • All Supervisory Board members re-elected for a further term of office
  • Growth prospects confirmed

Hagen, 14 June 2024. At yesterday’s Annual General Meeting, the shareholders of STS Group AG (ISIN: DE000A1TNU68), a global systems supplier for the automotive industry listed in the General Standard of the Frankfurt Stock Exchange, approved all proposed resolutions by a large majority. As in the previous year, the Annual General Meeting was held at the headquarters of STS Group AG in Hagen, Westphalia. A total of 79.37% of the company's share capital was represented. The most important resolutions included the dividend distribution for the 2023 financial year of EUR 0.041 per share and the re-election of the entire Supervisory Board for a further three-year term of office.

In his presentation to the shareholders, Alberto Buniato, CEO of STS Group AG, emphasized the progress made and the good growth prospects in the operating business, for example with the start of production at the Group's new US plant: "Overall, we can look back on a pleasing year for the STS Group, in which we were able to achieve significant improvements in almost all areas. The increased performance of our company is also reflected in the year to date, where we remain on course for growth. The current ramp-up of production in the USA will also contribute to this in the second half of the year." Buniato also confirmed the outlook for the 2024 financial year, in which further sales revenue growth in the high single-digit percentage range and an EBITDA margin in the high single-digit percentage range are expected.

The detailed voting results for the individual items on the agenda of the Annual General Meeting are available at www.sts.group in the Investor Relations section.

The company will report on the results for the first half of 2024 on 9 August 2024.

 

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

 



14.06.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


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: 1925465

 
End of News EQS News Service

1925465  14.06.2024 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1925465&application_name=news&site_id=boersengefluester~~~ace3d64b-2049-452a-8d18-fbc8044c4b5f

Boersengefluester.de (BGFL) provides an overview of the key figures on sales, earnings, cash flow and dividends to help you better assess the fundamental development of the respective companies. All information is entered manually in our database - the source is the respective annual reports. All estimates for future figures are provided by BGFL.

The most important financial data at a glance
  2018 2019 2020 2021 2022 2023 2024e
Sales1 401,23 362,80 235,00 242,00 235,10 277,90 301,00
EBITDA1,2 11,88 15,30 14,70 19,10 9,60 20,50 25,60
EBITDA-Margin3 2,96 4,22 6,26 7,89 4,08 7,38 8,51
EBIT1,4 -1,33 -6,48 -1,40 3,60 -6,60 6,80 10,70
EBIT-Margin5 -0,33 -1,79 -0,60 1,49 -2,81 2,45 3,56
Net Profit (Loss)1 -4,80 -12,12 -15,90 1,80 -9,90 -1,20 2,70
Net-Margin6 -1,20 -3,34 -6,77 0,74 -4,21 -0,43 0,90
Cashflow1,7 7,10 36,64 -1,60 36,10 6,50 30,50 19,00
Earnings per share8 -1,20 -2,03 -2,60 0,30 -1,50 -0,20 0,42
Dividend per share8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de and Company information
Explanation

1 in Mio. Euro; 2 EBITDA = Earnings before interest, taxes, depreciation and amortisation; 3 EBITDA in relation to sales; 4 EBIT = Earnings before interest and taxes; 5 EBIT in relation to sales; 6 Net profit (-loss) in relation to sales; 7 Cashflow from operations; 8 in Euro; Source: boersengefluester.de

Auditor: PricewaterhouseCoopers

All relevant valuation ratios, dates and other investor information on your share at a glance. Good to know: All data comes from boersengefluester.de and is updated daily. This means you are always up to date. You can get brief explanations of the key figures by moving the cursor or mouse over the relevant field.

INVESTOR-INFORMATION
©boersengefluester.de
STS Group
WKN ISIN Legal Type Marketcap IPO Recommendation Plus Code
A1TNU6 DE000A1TNU68 AG 24,83 Mio € 01.06.2018 - 9F39CF5J+2F
* * *
PE 2025e PE 10Y-Ø BGFL-Ratio Shiller-PE PB PCF KUV
7,96 18,08 0,44 14,75 0,53 0,81 0,09
Dividends
Dividend '2022
in €
Dividend '2023
in €
Dividend '2024e
in €
Div.-Yield '2024e
in %
0,00 0,00 0,00 0,00%
Financial calendar
Annual General Meeting Q1-figures Q2-figures Q3-figures Annual press conference
13.06.2024 03.06.2024 09.08.2024 28.03.2024
Performance
Distance 60-days-line Distance 200-days-line Performance YtD Performance 52 weeks IPO
Last Price (EoD)
-3,05%
3,82 €
ATH 24,79 €
-10,12% -25,36% -31,79% -27,92% -84,08%

Advertising is an important revenue channel for us. But we understand, that sometimes it becomes annoying. If you want to reduce the number of shown ADs just simply login to your useraccount and manage the settings from there. As registered user you get even more benefits.
          Qualitätsjournalismus · Made in Germany © 2024          
The news manufactory

Good luck with all your investments

Founded in 2013 by Gereon Kruse, the financial portal boersengefluester.de is all about German shares - with a clear focus on second-line stocks. In addition to traditional editorial articles, the site stands out in particular thanks to a large number of self-developed analysis tools. All tools are based on a completely self-maintained database for more than 650 shares. As a result, boersengefluester.de produces Germany's largest profit and dividend forecast.

Contact

Idea & concept: 3R Technologies   
boersengefluester.de GmbH Copyright © 2024 by Gereon Kruse #BGFL