EQS-News

STEICO: Preliminary business figures for 2023: Sales decline by 17.9% to € 365.3 million (e), EBIT ratio at 8.4% (e). Stable development expected for 2024

EQS-News: STEICO SE / Key word(s): Annual Results/Forecast STEICO: Preliminary business figures for 2023: Sales decline by 17.9% to € 365.3 million (e), EBIT ratio at 8.4% (e). Stable development expected for 2024 19.02.2024 / 20:20 CET/CEST The issuer is solely responsible for the content of this announcement. Preliminary business figures for 2023: Sales decline by 17.9% to € 365.3 million (e), EBIT ratio at 8.4% (e). Stable development expected for 2024

Feldkirchen near Munich, 19 February 2024 (ISIN DE000A0LR936). With 2023 characterised by a decline in construction activity across Europe, the construction industry continues to find itself in a challenging economic environment.

However, demand for STEICO products stabilised at the end of 2023 and continued to do so at the start of the year. The management sees the reasons for this in the continuing timber construction trend, the increased ecological focus and the gradual revitalisation of refurbishment activity. In addition, excess inventories at dealers and processors have now been reduced to normal levels.

Year-on-year comparison 2023 to 2022

Based on the current flash consolidation, the key figures are as follows.

KPI	2023 (e)	2022	Change
Revenues in € millions	365.3	445.2	-17.9%
Total operating revenue (TOR) in € millions	356.9	467.4	-23.7%
EBITDA in € millions	59.6	90.0	-33.8%
EBIT in € millions	30.1	65.2	-53.8%
EBIT margin in % of TOR	8.4	14.0	-39.5%
EBT in € millions	24.0	63.7	-62.5%

The company management expects demand to continue to stabilise for the remainder of 2024, provided the economic environment does not change. Revenue is expected to remain at the previous year's level and the EBIT ratio is expected to be between 9% and 11% (in relation to total operating output).