ST’s position as one of only two global manufacturers of a new automotive component – carbon ceramic brake discs – brings major opportunities for investors and the automotive industry. The OEM (original equipment manufacturer) order book is ca.£28m, generating gross profits equal to the market capitalisation. Timing here is set firm: 2021 will bring material revenues from the OEMs. This only scratches the surface of the market opportunity. COVID-19 has affected 2020 and – with an increase in equity limited to 10% – investors have put their shoulder to the wheel, so that ST has successfully countered the cashflow impact.
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