24.07.2023 STEICO SE  DE000A0LR936

EQS-News: STEICO SE: Slow first half with recovery at the end of the second quarter.


 

EQS-News: STEICO SE / Key word(s): Half Year Report
STEICO SE: Slow first half with recovery at the end of the second quarter.

24.07.2023 / 20:17 CET/CEST
The issuer is solely responsible for the content of this announcement.


STEICO SE: Slow first half with recovery at the end of the second quarter.

Feldkirchen near Munich, 24 July 2023 – Today the STEICO Group (ISIN DE000A0LR936) released its half-year report 2023.

Business Development H1 2023

KPI H1 2023 H1 2022
Revenues 190.0 €m 237.5 €m
Total operating revenue (TOR) 188.4 €m 242.5 €m
EBITDA  30.1 €m 50.4 €m
EBITDA-Margin in % TOR  16.0 % 20.8 %
EBIT  16.0 €m 38.5 €m
EBIT-Margin in % TOR 8.5 % 15.9 %
Profit for the period  9.0 €m 26.9 €m
Equity ratio in % 
(30.06.2023 to 31.12.2022)
49.7 % 53.5 %

As was also the case in the first quarter of 2023, April and May were characterised by reserved behaviour by dealers and a further reduction in inventory levels. This was coupled with intensified competition in the wood-fibre insulation materials segment as well as the generally weak construction sector. Demand recovered in June, however the pace of growth was lower than original expectations.

Revenues in H1 2023 were down by 20.0% year-on-year to € 190.0 million. EBITDA totaled € 30.1 million, or 40.3% down on the previous year. In the case of EBIT a figure of € 16.0 million was recorded, which corresponds to a downturn of 58.3% year-on-year. The EBITDA margin in the first six months totalled 16.0%, the EBIT margin was 8.5%.

Despite the challenging environment, the company’s management continues to believe that demand will recover in the second half of the year. The management is expecting revenues for the year as a whole to be down by 15% year-on-year, with EBIT of around 8% to 10% (compared to total operating revenue).

The complete financial report can be downloaded at www.steico.com/en/investor-relations/investors-information

Company Profile

The STEICO Group develops, produces and markets ecological construction products made of renewable raw materials. STEICO is the European market leader in the wood-fibre insulation materials segment.

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 insulation material and construction components supplement each other.

Laminated veneer lumber and I-joists form the structural components of the system. Insulation materials include flexible and stable wood fiber insulation panels, composite thermal insulation systems, insulation panels with a reinforcing effect, as well as cavity wall insulation made of wood fibers and cellulose. Sealing products for the building shell round off the overall system.

The STEICO Group offers its customers a unique range of products up to the prefabrication of complete building components for wood 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.

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.

Contact
Andreas Schulze
STEICO SE
Otto-Lilienthal-Ring 30
85622 Feldkirchen
Fon: +49-(0)89-99 15 51-548
Fax: +49-(0)89-99 15 51-704
E-Mail: [email protected]
www.steico.com



24.07.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - 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
Germany
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
WKN: A0LR93
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Hamburg, Munich (m:access), Stuttgart, Tradegate Exchange
EQS News ID: 1686931

 
End of News EQS News Service

1686931  24.07.2023 CET/CEST

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Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 230,31 251,96 281,00 308,77 388,18 445,16 365,30
EBITDA1,2 37,91 44,41 56,71 57,02 91,31 90,05 59,60
EBITDA-Marge3 16,46 17,63 20,18 18,47 23,52 20,23
EBIT1,4 22,02 24,56 32,49 33,58 67,61 65,20 30,10
EBIT-Marge5 9,56 9,75 11,56 10,88 17,42 14,65 8,24
Jahresüberschuss1 15,27 16,16 22,79 25,43 48,16 47,86 17,50
Netto-Marge6 6,63 6,41 8,11 8,24 12,41 10,75 4,79
Cashflow1,7 25,49 40,52 43,36 42,91 85,76 65,63 38,00
Ergebnis je Aktie8 1,08 1,15 1,62 1,81 3,42 3,40 1,24
Dividende8 0,21 0,25 0,25 0,30 0,40 0,40 0,18
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2022 - 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

INVESTOR-INFORMATIONEN
©boersengefluester.de
Steico
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A0LR93 26,100 Halten 367,58
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
15,91 20,34 0,78 14,70
KBV KCV KUV EV/EBITDA
1,38 5,60 1,01 8,25
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,40 0,25 0,96 21.06.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
14.05.2023 24.07.2023 18.10.2023 14.05.2023
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-12,87% -17,17% -22,44% -50,00%
    
Weitere Ad-hoc und Unternehmensrelevante Mitteilungen zu STEICO SE  ISIN: DE000A0LR936 können Sie bei EQS abrufen


Bauzulieferer , A0LR93 , ST5 , XETR:ST5