Surface Transforms sales anticipated to grow by a minimum of 111% in 2024

Surface Transforms, carbon ceramic brakes

Surface Transforms plc (LON:SCE) manufacturer of carbon fibre reinforced ceramic disc brake materials has provided the following more detailed sales guidance for 2024.  Sales are anticipated to grow by a minimum of 111% in 2024 and up to 165% compared to FY 2023 sales of £8.3m, resulting in a projected FY 2024 range of £17.5m to £22m sales.

With the majority of the year still to come, 2024 sales outlook is dependent on the amount of progress made on reducing scrap, building capacity and delivering to customers.   

Sales were constrained in Q1 due primarily to scrap and constrained manufacturing capacity.  Significant progress has been made on reducing scrap and this is expected to continue through 2024.  Similarly progress on expanding our capacity during 2024 is advancing.  As capacity increases from these operational activities it also creates the opportunity to deliver a more favourable product mix with customers.  These three activities are all boosting sales and are driving our rapid growth during the year. 

We have detailed plans in place to continue to drive all three areas with the pace of progress determining a current spread in 2024 sales of approximately 20%.

As we advance operational activities and deliver to customers we expect the sales range to narrow, and we therefore will provide updates on progress throughout the year.

Kevin Johnson, Surface Transforms CEO said: “We are providing this range of outcomes for the year, in response to shareholder request for “worst case scenarios”.  We remain committed to achieving the higher end of this range.”

We’ll keep you in the loop!

Join 1,000's of investors who read our articles first

We don’t spam! Read our privacy policy for more info.

Share on:
Find more news, interviews, share price & company profile here for:

Surface Transforms reports 72% revenue growth in H1 2025 with upgraded FY outlook

Surface Transforms, the manufacturer of carbon fibre reinforced ceramic brake discs, has reported a 72% rise in revenue to £8.1m for H1 2025, with operating losses narrowing to £5.2m.

Surface Transforms confirms Steve Harrison as permanent CFO

Surface Transforms has appointed Steve Harrison as permanent Chief Financial Officer and board member. Harrison, who joined as Interim CFO in March 2025, brings over 20 years of senior finance experience across public and private companies, including AIM IPOs, fundraising, M&A and transformation projects.

Surface Transforms appoints Paul Marr as Non-Executive Director

Surface Transforms has appointed Paul Marr to its Board as Non-Executive Director. Marr brings over 40 years of global automotive manufacturing and operational leadership experience, including senior roles at General Motors and other international groups.

Surface Transforms H1 2025 revenue up 72% as yields rise

Surface Transforms expects H1 2025 revenue of about £8.1m, up 72% year on year. Q2 yield improved to 77% from 49% in Q1. Customer advances reached £12.9m, with repayments due in H2.

Surface Transforms reports 2024 revenue growth and operational progress

Surface Transforms Plc reports a 13% rise in revenue for 2024, reflecting strong customer support and strategic investments amidst operational challenges.

Surface Transforms issues first SIP shares

Surface Transforms plc has announced the issuance of 21.4 million shares under its Share Incentive Plan, designed to motivate employees through share ownership.

Search

Search