Press Release
For Immediate Distribution
· April delivers second highest series production on record
· Year-on-year series production up 23% after first four months
· All-time monthly highs established in January, February, March and April
[Stockholm, 7 May 2024] - Series production continues to post strong gains, as April marked the fourth consecutive month of all-time monthly production highs for SinterCast. With annualised production of 4.4 million Engine Equivalents, April also marked the second highest month on record for series production. Overall, the annualised volume for the first four months of the year finished at 4.0 million Engine Equivalents, providing 23% growth compared to the first four months of 2023.
"Following New Year holidays in January, summer shutdowns for our southern hemisphere customers in February and an early Easter in March, April provided the first full month of the year to really demonstrate our current market demand. With this strong start to the second quarter, we reiterate our confidence in extending our string of year-on-year quarterly production increases to thirteen consecutive quarters" said Dr Steve Dawson, President & CEO of SinterCast. "April also moved the needle on our 2024 installation campaign. We made good progress with our ongoing discussions for new installations and upgrades, and our engineers are preparing for a busy second-half of 2024 in the field. The continued progress in the installation discussions reinforces our confidence to exceed our average historical installation revenue of SEK 8 million in 2024."
For more information:
Dr Steve Dawson
President & CEO
SinterCast AB (publ)
Mobile: +44 771 002 6342
e-mail: steve.dawson@sintercast.com
This press release contains information SinterCast AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. This information was submitted for publication, through the agency of the President & CEO Dr. Steve Dawson, at 11:00 CET on 7 May 2024.
SinterCast® is the world's leading supplier of process control technology for the reliable high volume production of Compacted Graphite Iron (CGI). The properties of CGI enable improved transport solutions, increasing efficiency and reducing carbon emissions in passenger vehicle, commercial vehicle and industrial power applications. As a specialist supplier of precision measurement and process control solutions to the metals industry, SinterCast also supplies the SinterCast Ladle Tracker® and SinterCast Cast Tracker® technologies, to improve production efficiency and Industry 4.0 traceability in a variety of applications. With 57 installations in 13 countries, SinterCast is a publicly traded company, quoted on the Small Cap segment of the Nasdaq Stockholm stock exchange (SINT). For more information: www.sintercast.com
END
