STEICO's 2023 Preliminary Report: Sales Drop 17.9% to €365.3M, EBIT at 8.4%; Stability Expected in 2024

• STEICO SE reported a decline in sales by 17.9% to € 365.3 million in 2023
• The EBIT ratio for the company in 2023 was at 8.4%
• The company expects a stable development for 2024
• The decline in 2023 was due to a decrease in construction activity across Europe
• Despite the challenging economic environment, demand for STEICO products stabilised at the end of 2023 and continued to do so at the start of 2024
• The company management expects the EBIT ratio to be between 9% and 11% in 2024.

Steico

+5,77 %

+29,06 %

+30,24 %

+17,02 %

-18,66 %

-51,09 %

+57,49 %

+388,12 %

+91,69 %

ISIN:DE000A0LR936WKN:A0LR93

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