DGAP-News

STEICO SE: Continued growth with margins soaring - Seite 2

(as of 31.12.) 47.6 % 49.7 % Consolidated net income 11.6 Mio. EUR 8.1 Mio. EUR Earnings per share 0.90 EUR 0.63 EUR

The STEICO Group brought 2016 to a close with new record-breaking earnings. Revenues were up by 10.6% to EUR 208.9 million.

The "Brexit" vote and the subsequent weakening of sterling did slow the pace of growth, however on the whole both wood-fiber insulation materials and also i-joists and laminated veneer lumber recorded substantial growth.

In 2016, STEICO benefited in particular from the high capacity uptake in its insulation material lines and the positive impact of taking its own production line for laminated veneer lumber into operation. As a result, earnings enjoyed above-average growth.

EBITDA improved by 34.4% to EUR 33.2 million. EBIT lifted by 50.0% to EUR 18.3 million. Net income for the period was up 43.2% year-on-year at EUR 11.6 million.

Earnings per share amounted to EUR 0.90 (previous year: EUR 0.63).

Dividend proposal

Based on the positive business development the board of administration proposes to the 2017 annual general meeting at June 22 to appropriate the net retained profits to pay a dividend of 0.18 EUR per share (dividend 2016: 0.15 EUR per share). The volume of the dividend distribution would amount to 2,304,567.00 EUR in total.

First quarter 2017: solid and profitable growth

The STEICO Group was able to continue its growth in the first quarter of 2017. New record-breaking figures were recorded once again for both revenues and earnings. Revenue improved by 15.6% to EUR 54.2 million. As a result of changes in inventories, growth in total operating revenue was slightly less, up 11.6% to EUR 54.9 million. Both environmentally friendly insulation materials as well as