UK's Strip Tinning FY25 revenue falls, hurt by portfolio shift

Strip Tinning Holdings

26/03/2026 07:15

Overview

UK automotive connector supplier reported FY25 revenue down yr/yr, reflecting portfolio shift

Adjusted EBITDA loss for FY25 improved to £0.5m, better than market expectations, says co

Gross margin rose to 40% from 33.1% in FY24, aided by operational improvements

Outlook

Strip Tinning expects Battery Technologies division FY26 revenue to be over three times FY24

Company sees serial production for Zoox BT and PDLC projects starting in Q2 2026

Board expects Strip Tinning to be EBITDA positive from FY26 and cash generative from FY27

Result Drivers

PORTFOLIO SHIFT - Co said revenue decline reflected a strategic move from lower-margin automotive connectors to higher-margin battery technology connectors

BATTERY TECHNOLOGIES GROWTH - Battery Technologies division sales more than doubled yr/yr, driven by increased demand and order book expansion

COST AND CAPEX REDUCTIONS - Co implemented over £3.5m in cost and capital expenditure reductions to improve cash position and support new project launches

Company press release: ID:nRSZ1650Ya

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Gross Margin
40.00%


Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the electrical components & equipment peer group is "buy"

Wall Street's median 12-month price target for Strip Tinning Holdings PLC is GBp50.00, about 163.2% above its March 25 closing price of GBp19.00

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)