Surface Transforms is looking at sales of £23m this year despite ongoing challenges relating to “high levels of scrap.”
The Knowlsey-based specialist brakes manufacturer, whose products have been used by the likes of Aston Martin and Lamborghini, said there had been significant improvements in underlying operational performance under chief operations officer Stephen Easton, following a string of challenges.
Kevin Johnson, chief executive officer, said: “Our priority in Q1 was a combination of fixing the underlying fundamentals and continuing to improve customer relationships. Our customers have been kept fully informed of progress and remain committed.
“The team has also made significant progress on the key challenges of building capacity and reducing scrap which is critical to continuing our ramp up and driving revenue growth during 2024 and 2025.
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.
