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DGAP-News: STEICO SE
/ Key word(s): Half Year Results
STEICO SE: H1 2021: Revenues up by around 30%. EBIT lifts 2.5-fold year-on-year.
Business Development H1 2021
Climate protection, CO2-saving construction and energy efficiency are defining social issues. Given this background, demand for STEICO's ecological insulation materials and construction products has increased once again. As a result, new records were set for both revenues and earnings in the first half of the year. Revenues were up 29.6% year-on-year at € 186.8 million. EBIT improved by 155.1% to € 31.1 million and net income for the period in the first six months lifted by 181.5% to € 21.1 million. Profitability also grew substantially with an EBIT ratio of 16.8%. However, in a comparison with the previous year, it should be noted that the second quarter of 2020 was weaker due to the effects of the COVID-19 pandemic. Q2 2021 - viewed in isolation Revenues of € 96.2 million were recorded in the second quarter (previous year: € 69.7 million) This corresponds to an increase of 37.9%. Total operating revenues amounted to € 97.2 million (previous year: € 69.8 million) Gross profits amounted to € 46.8 million (previous year: € 31.9 million). EBITDA in the second quarter increased by 93.3% to € 22.4 million (previous year: € 11.6 million). EBIT lifted by 180.7% to € 17.3 million (previous year: € 6.2 million). The EBITDA margin is 23.0% (previous year: 16.6%), the EBIT margin is 17.8% (previous year: 8.9%). Outlook The complete financial report can be downloaded at https://web.steico.com/en/investor-relations/ir-overview/ 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
19.07.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| 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: | info@steico.com |
| 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: | 1220083 |
| End of News | DGAP News Service |
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1220083 19.07.2021
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