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Surface Transforms ( (GB:SCE) ) has shared an announcement.
Surface Transforms announced its full-year results for 2024, reporting a 13% revenue increase to £8.2 million, driven by a 21% rise in disc sales. Despite this growth, the company faced significant operational challenges, including production inefficiencies and capacity constraints, leading to a loss after taxation of £22.3 million. The company has been focusing on improving operational efficiency and capacity through a £13.2 million capital investment program, supported by customer financial and operational assistance. The Board remains optimistic about 2025, expecting improved financial performance as production capacity and yield rise.
More about Surface Transforms
Surface Transforms plc is a UK-based company specializing in the development and production of carbon-ceramic material automotive brake discs. It is the only manufacturer in the UK and one of two mainstream companies globally in this niche, serving major OEMs in the automotive market. The company utilizes proprietary Carbon Ceramic Technology to produce lightweight, high-performance brake discs for both internal combustion and electric vehicles, offering advantages such as weight savings, longer product life, and superior performance.
Average Trading Volume: 14,900,021
Technical Sentiment Signal: Sell
Current Market Cap: £16.28M
Learn more about SCE stock on TipRanks’ Stock Analysis page.