EQS-News
STEICO SE: Preliminary figures: Revenues up by 14.7% to €445.3 million (e). Total operating revenue up by 18.2% to €467.6 million (e). EBIT totals around €63.8 million (e), EBIT margin at 13.7% (e)
EQS-News: STEICO SE / Key word(s): Preliminary Results Preliminary figures: Revenues up by 14.7% to €445.3 million (e). Total operating revenue up by 18.2% to €467.6 million (e). EBIT totals around €63.8 million (e), EBIT margin at around 13.7% (e). |
Feldkirchen (Munich), 7 February 2023 - The STEICO Group (ISIN DE000A0LR936) is operating in a market environment that is experiencing a phase of normalisation after booming demand for around two years. Wood-fibre insulation materials are now again enjoying short-term availability, which is why dealers and processing companies are returning their stocks to normal levels. This development also characterised the fourth quarter of 2022. The winter season in the record-breaking year 2021 was extraordinarily strong, however customer ordering behaviour in the winter of 2022/2023 got back to normal with inventory levels falling.
Year-on-year comparison 2022 to 2021
KPI | 2022 (e) | 2021 | Change |
Revenues in € millions | 445.3 | 388.2 | +14.7% |
Total operating revenue in € millions | 467.5 | 395.6 | +18.2% |
EBITDA in € millions | 88.8 | 91.3 | -2.8% |
EBIT in € millions | 63.8 | 67.6 | -5.6% |
EBIT margin in % (% of TOR) | 13.7% | 17.1% | -20.2% |
EBT in € millions | 62.3 | 66.7 | -6.6% |
Based on the current fast-track consolidation, preliminary revenues for 2022 total around € 445.3 million. This corresponds to an increase of around 14.7% (previous year: € 388.2 million). STEICO is now using the winter months again to replenish its own inventories in order to be well equipped for the coming construction season. Preliminary total operating revenues thus total € 467.5 million (previous year: € 395.6 million), up by 18.2%.