11th Dec 2024 11:19
Strip Tinning Holdings PLC - Birmingham, England-based provider of connection systems to automotive sector - Shares rise as Strip Tinning provides a reassuring trading update. Says the value of contracted nominations, meaning supply contracts for particular vehicle models, has increased by GBP11.7 million. As a result, 93% of Strip Tinning's sales guidance for 2025 and 82% for 2026 is contracted, with an annual value of GBP8.5 million and GBP13.4 million respectively. For 2024, Strip Tinning says revenue is expected to be GBP9.0 million. It is confident of meeting market expectations for 2024 and 2025 adjusted loss before interest, tax, depreciation and amortisation, which it places at GBP1.9 million and GBP1.6 million, respectively. In 2023, Strip Tinning recorded GBP100,000 in positive Ebitda, compared to an Ebitda loss of GBP2.2 million in 2022. Read More
