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) - Seite 2

In terms of earnings, provisional EBIT amounts to € 63.8 million (previous year: € 67.6 million). The EBIT margin in terms of total operating revenue amounts to around 13.7% (previous year: 17.1%) and is thus in line with expectations. However, it must be taken into account that 2022 earnings were depressed in the amount of € 11.8 million by negative one-off effects from EUR/PLN currency hedging (previous year: +€ 3.4 million). The war in Ukraine led to temporary periods of strong pressure to devalue the Polish Zloty. As a result there were losses from long-term exchange rate hedging.

Despite increased challenges from high inflation, increased interest rates and more intense competition, the company’s management is taking a positive view of 2023. They expect renewed mid-range single-digit percentage revenue growth and an EBIT margin of between 12% and 15% (in terms of total operating revenue).

The company’s management is still convinced that demand for ecological construction materials will continue to enjoy dynamic growth and is aiming for revenues to grow to around € 750 million by 2026.

This Corporate News can be downloaded from www.steico.com/de/ir.

 

Company profile

STEICO develops, produces and markets ecological construction products made of renewable raw materials. STEICO is the global market leader for wood fibre insulation materials.

STEICO is positioned as a system provider for ecological residential construction and is the only manufacturer in the industry to offer an integrated wooden construction system in which innovative wooden construction components and ecological insulation material supplement each other.

Laminated veneer lumber and I-joists form the structural components of the system. The insulation materials include flexible and stable wood fibre insulation panels, facade insulation materials, as well as cavity wall insulation made of wood fibres and cellulose. Sealing products for the building shell complete the overall system.

The STEICO Group offers its customers a unique range of products through to the prefabrication of complete components for timber element construction. The Munich-based company’s products are used in new construction and when renovating roofs, walls, ceilings, floors and facades. STEICO’s products allow the construction of future-proof, healthy buildings with a particularly high quality of living and a healthy atmosphere. STEICO’s products offer reliable protection against cold, heat and also noise, and they permanently improve the building’s energy efficiency.