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STEICO SE: Continued growth with margins soaring - Seite 3
I-joists and laminated veneer lumber contributed to the renewed revenue growth. Earnings also enjoyed pleasing growth and were up substantially year on year.
KPI | Q1 2017 | Q1 2016 |
Revenue | 54.2 Mio. EUR | 46.9 Mio. EUR |
Total operating revenue (TOR) | 54.9 Mio. EUR | 49.2 Mio. EUR |
EBITDA | 8.5 Mio. EUR | 8.1 Mio. EUR |
EBITDA-Margin in % TOR | 15.5 % | 16.5 % |
EBIT | 4.6 Mio. EUR | 4.1 Mio. EUR |
EBIT-Margin in % TOR | 8.4 % | 8.3 % |
Profit of the period | 2.9 Mio. EUR | 2.7 Mio. EUR |
The company's management believes that the positive growth will continue and is forecasting fiscal year 2017 to be strong.
Outlook
If the economy does not deteriorate, the company's management is aiming for year-on-year revenue growth in the upper single-digit percentage range. In terms of both EBITDA and EBIT, slightly above
average growth in the low single-digit percentage range is forecast for 2017.
The complete financial reports can be downloaded at www.steico.com/ir
Lesen Sie auch
Company Profile:
STEICO develops, produces and markets ecological construction products made of renewable raw materials. STEICO is the European market leader for wood fiber insulation materials.
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