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
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

STEICO SE: H1 2021: Revenues up by around 30%. EBIT lifts 2.5-fold year-on-year.

07/19/2021 | 02:31pm EDT

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.

19.07.2021 / 20:30
The issuer is solely responsible for the content of this announcement.


STEICO SE: H1 2021: Revenues up by around 30%. EBIT lifts 2.5-fold year-on-year.


Feldkirchen near Munich, 19 July 2021 - Today the STEICO Group (ISIN DE000A0LR936) released its half-year report 2021.

Business Development H1 2021

KPI H1 2021 H1 2020
Revenues 186.8 ?m 144.2 ?m
Total operating revenue (TOR) 185.5 ?m 142.3 ?m
EBITDA 41.4 ?m 23.7 ?m
EBITDA-Margin in % TOR 22.3 % 16.6 %
EBIT 31.1 ?m 12.2 ?m
EBIT-Margin in % TOR 16.8 % 8.6 %
Consolidated net income 21.1 ?m 7.5 ?m
Equity ratio in %
(30.06.2021 to 31.12.2020)
53.2 % 53.0 %
 

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
Due to the friendly market environment, growth is expected to continue in the second half of 2021 - although growth rates are likely to be somewhat lower due to the already very strong second half of the previous year.

Management is therefore raising its expectations for the current fiscal year. Unless there are additional negative effects from developments in the pandemic, the Board of Directors believes that in 2021 revenues will lift by around 20% with an EBIT ratio between 14.0% and 17.0% (in terms of total operating revenue).

The complete financial report can be downloaded at https://web.steico.com/en/investor-relations/ir-overview/


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: a.schulze@steico.com
www.steico.com



19.07.2021 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.

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


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

1220083  19.07.2021 

fncls.ssp?fn=show_t_gif&application_id=1220083&application_name=news&site_id=zonebourse_sftp

© EQS 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-fo..
DJ
07/19STEICO SE Provides Earnings Guidance for the Second Half and Full Year of 202..
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 37,5x
Yield 2021 0,34%
Capitalization 1 575 M 1 848 M 1 846 M
EV / Sales 2021 4,47x
EV / Sales 2022 3,92x
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 111,80 €
Average target price 112,25 €
Spread / Average Target 0,40%
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
Sector and Competitors
1st jan.Capi. (M$)
STEICO SE88.22%1 848
CHENGXIN LITHIUM GROUP CO., LTD.178.93%7 859
LOUISIANA-PACIFIC CORPORATION64.22%5 813
DEXCO S.A.-3.92%2 381
STELLA-JONES INC.-6.94%2 205
CORTICEIRA AMORIM, SGPS, S.A.2.07%1 848