Carbon fibre ceramic brake disc maker Surface Transforms (ST) has trimmed its 2024 sales guidance slightly after shareholders asked for “worst case scenarios”.
As recently as last week the Knowsley-based firm was sticking to its forecast of up to £23m for this year, up from £8.3m in 2023. However, on Wednesday morning the firm, which is listed on the Alternative Investment Market, issued fresh guidance.
It now says sales are anticipated to grow by a minimum of 111% in 2024 and up to 165% compared to 2023. This results in a projected full year 2024 range of £17.5m to £22m.
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.