11.01.2021 STEICO SE  DE000A0LR936

DGAP-News: STEICO SE: growth continues in Q4 2020. Sales forecast for 2020 increased, positive trend continues in 2021.


DGAP-News: STEICO SE / Key word(s): Annual Results
STEICO SE: growth continues in Q4 2020. Sales forecast for 2020 increased, positive trend continues in 2021.

11.01.2021 / 20:15
The issuer is solely responsible for the content of this announcement.

STEICO SE: growth continues in Q4 2020

* Sales forecast for 2020 increased, positive trend continues in 2021

Feldkirchen (Munich), 11 January 2021 - The STEICO Group (ISIN DE000A0LR936) continued to see an unabated rise in demand in the fourth quarter of 2020. The positive annual trend continued for both wood fibre insulation and construction products.

Despite the continued restrictions due to COVID-19, growth in the construction industry continued mostly without restrictions in the fourth quarter of 2020. Thanks to dynamic demand on the core markets, especially in Germany, it is possible to more than compensate for developments in weaker markets such as the UK.

As a result of the high level of demand, delivery times have been building up across almost all product groups since the third quarter, continuing throughout the entire fourth quarter of 2020, and these have not yet been reduced.

Growth to date already allows initial conclusions to be drawn about 2020 as a whole. Based on the current accounting status the Board of Directors has raised its revenue forecast to around €307-308m, which corresponds to revenue growth of around 9.5%. With regard to the results, the Board of Directors confirms the previous expectations with an EBIT ratio of between 10.5% and 11.5% (in relation to total operating revenue).

The Board of Directors remains very positive about 2021 and expects demand to remain strong due to the high order book and dynamic order intake. Capacity expansions already implemented at existing plants and the construction of new production capacities already underway should ensure that the current on-track growth can be continued over both the short and long term.

Preliminary 2020 financials are expected to be released in early February, along with guidance for 2021.

The corporate news can be downloaded from www.steico.com/ir.

Company profile
STEICO develops, produces and markets ecological construction products made of renewable raw materials. STEICO is the global market leader for wood fiber 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 fiber insulation panels, facade insulation materials, as well as cavity wall insulation made of wood fibers 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.

Andreas Schulze
Otto-Lilienthal-Ring 30
85622 Feldkirchen
Phone: +49-(0)89-99 15 51-548
Fax: +49-(0)89-99 15 51-704
E-mail: [email protected]

11.01.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: STEICO SE
Otto-Lilienthal-Ring 30
85622 Feldkirchen
Phone: +49 - (0)89 - 99 15 51 - 0
Fax: +49 - (0)89 - 99 15 51 - 700
E-mail: [email protected]
Internet: http://www.steico.com
ISIN: DE000A0LR936
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Hamburg, Munich (m:access), Stuttgart, Tradegate Exchange
EQS News ID: 1159884

End of News DGAP News Service

1159884  11.01.2021 


Die wichtigsten Finanzdaten auf einen Blick
  2016 2017 2018 2019 2020 2021 2022e
Umsatzerlöse1 208,94 230,31 251,96 281,00 308,77 388,18 470,00
EBITDA1,2 33,24 37,91 44,41 56,71 57,02 91,31 93,40
EBITDA-Marge3 15,91 16,46 17,63 20,18 18,47 23,52 19,87
EBIT1,4 18,31 22,02 24,56 32,49 33,58 67,61 71,40
EBIT-Marge5 8,76 9,56 9,75 11,56 10,88 17,42 15,19
Jahresüberschuss1 11,56 15,27 16,16 22,79 25,43 48,16 49,70
Netto-Marge6 5,53 6,63 6,41 8,11 8,24 12,41 10,57
Cashflow1,7 32,92 25,49 40,52 43,36 42,91 85,76 60,00
Ergebnis je Aktie8 0,90 1,08 1,15 1,62 1,81 3,42 3,53
Dividende8 0,18 0,21 0,25 0,25 0,30 0,40 0,45
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2021 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Deloitte

WKN Kurs in € Einschätzung Börsenwert in Mio. €
A0LR93 84,300 Halten 1.187,24
KGV 2023e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
22,42 20,08 1,12 56,28
5,19 13,84 3,06 14,01
Dividende '20 in € Dividende '21e in € Div.-Rendite '21e
in %
0,30 0,40 0,47 23.06.2022
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
27.04.2021 19.07.2021 14.10.2021 02.05.2022
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-7,27% -18,13% -25,00% -7,97%
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Bauzulieferer , A0LR93 , ST5 , XETR:ST5