Carbon fibre brake disc manufacturer Surface Transforms (ST) says it remains optimistic that annual sales will almost triple to £23m in 2024 despite further cost pressures.
Knowsley-based ST, which is listed on the Alternative Investment Market, issued a trading update on Tuesday morning. It reported sales in the first three months of 2024 of £3m. This is more than double the £1.4m for the same quarter in 2023.
In January ST reported sales of £8.3m for the 12 months to December 31, a rise of 63% on 2022. It said it had finally put “a very difficult 18 months” as it grappled with the “growing pains” of installing extra production capacity.
Surface Transforms plc (LON:SCE) is a manufacturer of next-generation carbon-ceramic brake discs for automotive and aircraft applications and has been certified to IS9001-2000 since 2008 and was certified to TS16949 automotive quality accreditation and AS9100C aerospace quality accreditation in 2015.
