Stena Metall’s reports for 2023/2024 now published

Despite challenging market conditions, Stena Metall performed well and presents earnings for the financial year 2023/2024 that are higher in comparison to last financial year. The Group reported an EBITDA of SEK 2,946 million (SEK 2,530 million). The investment levels in the business remained high. In total, the Group invested SEK 1,859 million, compared to SEK 1,778 million the previous year.

“Stena Metall had clear positive momentum in the second part of the financial year with improved margins and earnings. Volumes in parts of the business have been trending downwards. However, our broad customer base and wide geographical market, together with our operating model of working closely with our customers have once again proven successful,” says Kristofer Sundsgård, President and CEO of Stena Metall.

Throughout the year, strategic investments have been made to meet future demands. Stena Recycling has invested in battery centers in some home markets for the collection and treatment of high-energy batteries. At the Stena Nordic Recycling Center in Halmstad, Sweden, investments in the Battery Recycling Center, that was inaugurated in March 2023, continue along with investments in a new aluminium center. Stena Oil inaugurated a new terminal in Frederikshavn, which will give a better operational set-up and increase efficiency for customers.

“We want to be a part of and support our partners in the ongoing transition to a circular economy. A key success factor is that through partnerships we can continue to support our customers in their transformation journeys. Another important factor for us going forward is to continue investing in the business to constantly evolve and stay ahead,” concludes Kristofer Sundsgård.