SinterCast

Press Release
For Immediate Distribution

• All-time high of 4.1 million Engine Equivalents in June
• Record production of 3.7 million Engine Equivalents in second quarter
• Nine consecutive quarters of year-on-year production increase

[Stockholm, 5 July 2023] – Series production set a new all-time high of 4.1 million Engine Equivalents in June, surpassing the four million Engine Equivalent milestone for the first time. The annualised series production of 4.1 million Engine Equivalents in June follows production of 3.9 million Engine Equivalents in May, marking an end to the variable production that affected the first four months of the year. Despite production of 3.1 million Engine Equivalents in April, series production for the second quarter finished at 3.7 million Engine Equivalents, establishing a new quarterly record and extending the streak to nine consecutive quarters of year-on-year series production increases. In perspective, second quarter production finished 12% above the volatile first quarter and 6% above full-year 2022.

Sampling Cup volume also improved during the second quarter, finishing at 49,500 units. The second quarter volume represents a 50% increase over first quarter shipments (33,100) and returns to the recent full-year pace of approximately 200,000 Sampling Cups shipped 2021 and 2022. The second quarter increase also indicates that customers have largely concluded their efforts to restrict orders and to re-establish minimum stock levels following the normalisation of global supply chains.

“With stable production from all of our main programmes and improving ramps for some of the new series production programmes, May and June have put an end to the volatile start of 2023, establishing four million as our new normal” said Dr Steve Dawson, President & CEO of SinterCast. “From the start of our first series production in 1999, we needed sixteen years to reach the two million Engine Equivalent barrier in 2015. Now, we have doubled our production to four million Engine Equivalents in half the time. With four million accomplished, we now set our sights on five million.”

For more information:

Dr Steve Dawson
President & CEO
SinterCast AB (publ)
Mobile: +44 771 002 6342
e-mail: steve.dawson@sintercast.com

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

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 17.30 CET on 5 July 2023.

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