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STS Group AG wins major order from leading commercial vehicle manufacturer with a volume of EUR 150 million

2018| Jul| 12
Financial News
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DGAP-News: STS Group AG / Key word(s): Incoming Orders

12.07.2018 / 07:30
The issuer is solely responsible for the content of this announcement.


STS Group AG wins major order from leading commercial vehicle manufacturer with a volume of EUR 150 million

Hallbergmoos/Munich, 12 July 2018. STS Group AG (ISIN: DE000A1TNU68; www.sts.group), global system supplier to the commercial vehicle industry and listed in the Prime Standard of the Frankfurt Stock Exchange, has won a new high-volume order. In the coming years, the company will produce and supply front modules for one of the leading commercial vehicle manufacturers. The value of the contract exceeds more than EUR 150 million over its term.

The new STS front module systems are used in heavy commercial vehicles. "Our expertise as a supplier of front modules dates back many years. But we are twice as pleased with this order. On the one hand, it is a high-volume order for us. On the other hand, we will build not only individual parts but also complex systems. As a result, we can further expand our position as an international system supplier," said Andreas Becker, CEO of STS Group AG.

In detail, the STS Group will assemble the front modules from nearly one hundred individual components and deliver complete complex systems to the customer from a single source. The injection molded components are produced, painted and assembled at the STS Group's French plants.

About the STS Group:
STS Group AG, www.sts.group(ISIN: DE000A1TNU68), is a leading global commercial vehicle system supplier to the automotive industry for soft and hard trim. The Group, which has a history of tradition and expertise dating back to 1934, employs more than 2,500 people worldwide and generated pro forma revenue of more than EUR 425 million in 2017. At its 16 plants in total in France, Italy, Germany, Poland, Mexico, Brazil and China, the STS Group produces plastic and acoustic components, such as soft and hard trim parts, noise and vibration-damping materials and entire interior and exterior trim systems. STS is considered a technology leader in the manufacture of plastic injection molding, specialty acoustic products and sheet molding compounds (SMC). STS has a strong footprint in China, Europe, Mexico and Brazil. The customer portfolio comprises leading international commercial vehicle and automotive manufacturers.

STS Group AG
Zeppelinstrasse 4
85399 Hallbergmoos, Germany
www.sts.group

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12.07.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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