Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Germany
  4. Xetra
  5. STEICO SE
  6. News
  7. Summary
    ST5   DE000A0LR936

STEICO SE

(ST5)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 09/21 01:02:19 pm
111.5 EUR   +3.82%
09/09STEICO SE : Construction progress at the Gromadka site
EQ
07/202021-07-19 CORPORATE NEWS : Half-Year Report
PU
07/19STEICO SE : H1 2021: Revenues up by around 30%. EBIT lifts 2.5-fold year-on-year.
EQ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

2021-03-09 Corporate News: Investment at Gromadka site

03/08/2021 | 06:00pm EDT

STEICO SE: Investment in production facilities for wood fibre insulation materials at Gromadka site

  • • New production capacity created for annual output of more than 1.5 million cbm

  • • Additional increases to capacity possible at this site

Feldkirchen (Munich), 9 March 2021 - Today's meeting of the Board of Management of STEICO Group (ISIN DE000A0LR936) resolved to create new production capacity at the recently acquired facility at Gromadka (Poland).

An insulation materials plant with three production lines will be set up. Two lines will be built for flexible wood fibre insulation mats, with a combined total annual capacity of over 1 million cbm. Another line with an annual capacity of around 500,000 cbm will produce stable wood fibre insulation boards using the dry process.

According to current forecasts, the total investment volume will amount to around € 75 million. Construction is scheduled to start in mid-2021. The group intends to take production live at the end of 2022. The possibility of further expanding capacity in future is already included in the current project design, so that a future-oriented further expansion of the site is possible.

Corporate News

9 March 2021

The Gromadka facility is located about 70 km east of Görlitz, conveniently situated directly on the Polish A4 motorway, and is part of a former airport that is currently being converted into an industrial estate. The space was acquired in November 2020.

STEICO is responding to the rapidly increasing demand for wood fibre insulating materials by continuously expanding its production capacities, and this trend is also enjoying dynamic growth in the first quarter of 2021.

Current capacity enhancement projects include:

  • - Increase in capacity for flexible wood-fibre insulation mats by 45% by going live with a production line in France (Casteljaloux site) and conversion of a production line in Poland (start of regular operations March 2021).

  • - Increase in capacity for stable wood-fibre insulation boards using the wet method by 15% by optimizing production lines (project already completed at the start of 2021).

  • - Doubling of capacity for wood fibre air injected insulation and 50% increase in capacity for cellulose air injected insulation (start of regular operation March 2021).

  • - Construction of a production line for stable wood fibre insulation boards from the dry process in France (Casteljaloux site) with an annual capacity of around 250,000 cbm (expected to go live in the second half of 2021 with possibility for further enlargement).

  • - Construction of a production line for stable wood-fibre insulation boards using the wet process in

Poland (Czarna Woda site) with an annual capacity of 135,000 cbm (expected to go live in the second half of 2021).

The STEICO Group aims to use these investments to significantly expand its position as the global market leader for wood fibre insulation materials, and to continue the profitable growth it has enjoyed to date.

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 fibre 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 fibre insulation panels, facade insulation materials, as well as cavity wall insulation made of wood fibres 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.

Contact Andreas Schulze STEICO SE Otto-Lilienthal-Ring 30 85622 Feldkirchen

Phone: +49-(0)89-99 15 51-548 Fax: +49-(0)89-99 15 51-704 E-mail:a.schulze@steico.com www.steico.com

Disclaimer

Steico SE published this content on 09 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 March 2021 04:57:04 UTC.


ę Publicnow 2021
All news about STEICO SE
09/09STEICO SE : Construction progress at the Gromadka site
EQ
07/202021-07-19 CORPORATE NEWS : Half-Year Report
PU
07/19STEICO SE : H1 2021: Revenues up by around 30%. EBIT lifts 2.5-fold year-on-year.
EQ
07/19PRESS RELEASE : STEICO SE: H1 2021: Revenues up by around 30%. EBIT lifts 2.5-fold year-on..
DJ
07/19STEICO SE Provides Earnings Guidance for the Second Half and Full Year of 2021
CI
07/19Steico Se Reports Earnings Results for the Half Year Ended June 30, 2021
CI
04/27STEICO SE : Sales soar in first quarter. EBIT more than doubles.
EQ
04/27PRESS RELEASE : STEICO SE: Sales soar in first quarter. EBIT more than doubles.
DJ
04/27STEICO SE Proposes Dividend for 2020
CI
04/27STEICO SE Provides Financial Guidance for 2021
CI
More news
Financials
Sales 2021 375 M 439 M 439 M
Net income 2021 42,1 M 49,4 M 49,4 M
Net Debt 2021 100,0 M 117 M 117 M
P/E ratio 2021 36,0x
Yield 2021 0,35%
Capitalization 1 513 M 1 772 M 1 773 M
EV / Sales 2021 4,30x
EV / Sales 2022 3,77x
Nbr of Employees 1 907
Free-Float 38,9%
Chart STEICO SE
Duration : Period :
STEICO SE Technical Analysis Chart | ST5 | DE000A0LR936 | MarketScreener
Technical analysis trends STEICO SE
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 4
Last Close Price 107,40 €
Average target price 112,25 €
Spread / Average Target 4,52%
EPS Revisions
Managers and Directors
Udo Detlev Schramek Chairman-Supervisory Board, CEO & MD-Auditing
David Meyer MD-Finance, Accounting & Controlling
Uwe Lange MD-Investments & Equipment Technology
JŘrgen Klass Member-Supervisory Board
Katarzyna Schramek Member-Supervisory Board
Sector and Competitors
1st jan.Capi. (M$)
STEICO SE80.81%1 775
CHENGXIN LITHIUM GROUP CO., LTD.178.93%7 858
LOUISIANA-PACIFIC CORPORATION59.64%5 651
DEXCO S.A.-6.48%2 312
STELLA-JONES INC.-5.79%2 184
CORTICEIRA AMORIM, SGPS, S.A.-1.03%1 792