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    ST5   DE000A0LR936

STEICO SE

(ST5)
  Report
Real-time Estimate Quote. Real-time Estimate Cboe Europe - 12/02 10:57:36 am
103.2 EUR   -1.71%
11/22STEICO SE : After the accumulation, an upward acceleration ?
10/132021-10-13 CORPORATE NEWS : Q3 Report 2021
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10/13STEICO SE : New records for revenues, earnings and profitability
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PRESS RELEASE : STEICO SE: New records for revenues, earnings and profitability

10/13/2021 | 02:21pm EST

DGAP-News: STEICO SE / Key word(s): 9 Month figures STEICO SE: New records for revenues, earnings and profitability 2021-10-13 / 20:20 The issuer is solely responsible for the content of this announcement.

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New records for revenues, earnings and profitability

Feldkirchen (Munich), 13. October 2021 - The STEICO Group (ISIN DE000A0LR936) published its interim report on Q3 2021 today.

9-month development

KPI                                    9M 2021  9M 2020 
Revenues                              288.6 EURm 227.2 EURm 
Total operating revenue (TOR)         290.0 EURm 222.3 EURm 
EBITDA                                 65.4 EURm  41.5 EURm 
EBITDA margin as a percentage of TOR    22.6 %   18.7 % 
EBIT                                   50.1 EURm  24.5 EURm 
EBIT margin as a percentage of TOR      17.3 %   11.0 % 
Net income for the period              35.2 EURm  16.8 EURm 
Equity ratio in %                       53.4 %   53.0 % 
(30.09.2021 compared to 31.12.2020) 

The high demand for ecological STEICO insulation materials and construction products is continuing and has led to new record-breaking revenues and earnings.

9-month revenues were up 27.0?% year-on-year at EUR 288.6 million. EBIT in the first nine months rose by 104.9?% to EUR 50.1 million, while net income for the first nine months lifted by 109.6% to EUR 35.2 million.

We are particularly pleased that we were also able to improve profitability even further. During the third quarter we recorded a new record-breaking EBIT margin of 18.2?% and the 9-month EBIT margin also reached a new record at 17.3?%.

Isolated view of the third quarter 2021

In the third quarter of 2021, the STEICO Group was able to lift its revenues in total by 22.6% to EUR 101.8 million (previous year: EUR 80.0 million) - the highest revenues ever recorded in a single quarter.

New historic highs were recorded once again for both earnings and margins.

Gross profits in Q3 totalled EUR 49.0 million and were thus up by 25.4% (Q3 2020: EUR 39.1 million).

EBITDA in Q3 totalled EUR 24.1 million and was thus 35.3% higher than in the previous year (Q3 2020: EUR 17.8 million). The EBITDA margin in the third quarter amounted to 23.1%.

EBIT in Q3 totalled EUR 19.0 million, up 54.9% (Q3 2020: EUR 12.3 million). The EBIT margin in the third quarter amounted to 18.2%.

EBT in Q3 totalled EUR 18.7 million, up 56.9% (Q3 2020: EUR 11.9 million).

Net income in Q3 totalled EUR 14.1 million and was thus up by 51.7% (Q3 2020: EUR 9.3 million).

Outlook Provided there are no negative effects from the pandemic development or adverse weather conditions in the fourth quarter, the Executive Board expects for 2021 as a whole sales growth above 20?% and an EBIT ratio between 14.0?% and 17.0?% (in terms of total operating revenue).

As a result of the high level of demand, the Executive Board believes that 2022 will also be a very positive year. The capacity expansions already put in place and upcoming mean that STEICO is excellently equipped to continue its growth. If the recent dynamic growth in costs for materials and electricity does not continue, the company's management also believes that profitability will continue to be stable at a high level.

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

Contact Andreas Schulze STEICO SE Otto-Lilienthal-Ring 30 85622 Feldkirchen (Germany) Fon: +49-(0)89-99 15 51-548 Fax: +49-(0)89-99 15 51-704 E-mail: a.schulze@steico.com www.steico.com

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2021-10-13 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. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

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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:       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:  1240620 
 
End of News   DGAP News Service 
=------------ 

1240620 2021-10-13

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1240620&application_name=news

(END) Dow Jones Newswires

October 13, 2021 14:20 ET (18:20 GMT)

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Financials
Sales 2021 379 M 429 M 429 M
Net income 2021 44,7 M 50,7 M 50,7 M
Net Debt 2021 104 M 118 M 118 M
P/E ratio 2021 33,1x
Yield 2021 0,35%
Capitalization 1 479 M 1 675 M 1 675 M
EV / Sales 2021 4,18x
EV / Sales 2022 3,67x
Nbr of Employees 1 907
Free-Float 38,9%
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Mean consensus HOLD
Number of Analysts 4
Last Close Price 105,00 €
Average target price 119,25 €
Spread / Average Target 13,6%
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
Jürgen Klass Member-Supervisory Board
Katarzyna Schramek Member-Supervisory Board
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