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STEICO SE: Q1 2024 – Stable business situation with positive earnings performance
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0 Kommentare- Stable business situation with positive earnings performance in Q1 2024
- Revenue slightly down at €95.9 million, but EBITDA up by 38.5%
- Management cautious but expects market to stabilize further, sales to remain around €365 million
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EQS-News: STEICO SE / Key word(s): Quarterly / Interim Statement STEICO SE: Q1 2024 – Stable business situation with positive earnings performance |
Feldkirchen near Munich, 19 April 2024. Today the STEICO group (ISIN DE000A0LR936) released its interim report for the first quarter 2024.
Business Development Q1 2024
| KPI | Q1 2024 | Q1 2023 |
| Revenue | 95.9 €m | 96.5 €m |
| Total operating revenue (TOR) | 93.2 €m | 97.9 €m |
| EBITDA | 17.8 €m | 12.8 €m |
| EBITDA margin in % TOR | 19.1 % | 13.1 % |
| EBIT | 10.8 €m | 5.9 €m |
| EBIT margin in % TOR | 11.6 % | 6.0 % |
| Profit of the period | 2.1 €m | 5.9 €m |
The stabilisation trend continued in the first quarter of 2024. Falling inflation, stable interest rates and a constant competitive situation are also stabilising demand for STEICO products. With revenue of € 95.9 million, revenue in the first quarter was only 0.7% down on the previous year.
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