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STEICO SE: Record-breaking figures in the first half of the year - Seite 2

(as of 31.12.2016) 43.4 % 47.6 %
 

As a result of the high demand STEICO was able to run its production lines at practically full capacity in the first half of 2017 and its revenues lifted by 13.2% to EUR 114.6 million. Positive sales also meant that stocks of finished goods fell by around EUR 1.5 million with total operating revenue totaling EUR 113.2 million.

Earnings also enjoyed pleasing growth. After the massive devaluation of pounds sterling in the second half of 2016 hampered margin growth, STEICO returned to its usual profitability in the first half of 2017 which has just drawn to a close. It was possible to increase margins significantly despite the continuing impact of exchange rates. Margins have now returned to the levels recorded in the first half of 2016, which was unusually strong, and they are already higher than the total level recorded in the whole of 2016.

STEICO has also recorded new record-breaking results in terms of its absolute figures for the first half of 2017. EBITDA totalled EUR 18.4 million (previous year: EUR 17.4 million), and EBIT amounted to EUR 10.6 million (previous year: EUR 9.7 million). Net income for the period amounted to EUR 6.4 million (previous year: EUR 6.0 million).

Q2 2017 - viewed in isolation

Revenues of EUR 60.5 million were recorded in the second quarter (previous year: EUR 54.3 million) This corresponds to an increase of 11.4%.

Total operating revenues amounted to EUR 58.3 million (previous year: EUR 56.6 million)

In terms of earnings, gross earnings amounted to EUR 26.0 million (previous year: EUR 24.6 million)

EBITDA in the second quarter improved by 6.5% to EUR 9.9 million (previous year: EUR 9.3 million). EBIT lifted by 7.1% compared to the same quarter of the previous year to EUR 6.0 million (previous year: EUR 5.6 million). The EBITDA margin amounted to 17.0% (previous year: 16.4%), the EBIT margin was 10.3% (previous year: 9.9%).

The second quarter has been the most successful in the company's history in terms of both revenues and earnings.

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