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

2021-10-13 Corporate News: Q3 Report 2021

10/13/2021 | 02:22pm EST

New records for revenues, earnings

Corporate News

and profitability

13. October 2021

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

€m

227.2

€m

Total operating revenue (TOR)

290.0

€m

222.3

€m

EBITDA

65.4

€m

41.5

€m

EBITDA margin as a

22.6 %

18.7 %

percentage of TOR

EBIT

50.1

€m

24.5

€m

EBIT margin as a percentage

17.3 %

11.0 %

of TOR

Net income for the period

35.2

€m

16.8

€m

Equity ratio in %

(30.09.2021 compared to

53.4 %

53.0 %

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 € 288.6 million. EBIT in the first nine months rose by 104.9 % to € 50.1 million, while net income for the first nine months lifted by 109.6% to € 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 %.

2

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 € 101.8 million (previous year: € 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 € 49.0 million and were thus up by 25.4% (Q3 2020: € 39.1 million).

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

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

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

Net income in Q3 totalled € 14.1 million and was thus up by 51.7% (Q3 2020: € 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

3

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 51-704E-mail: a.schulze@steico.com www.steico.com

Disclaimer

Steico SE published this content on 13 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 October 2021 18:21:00 UTC.


© Publicnow 2021
All news about STEICO SE
10/132021-10-13 CORPORATE NEWS : Q3 Report 2021
PU
10/13STEICO SE : New records for revenues, earnings and profitability
EQ
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
07/19STEICO 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
04/27STEICO SE Proposes Dividend for 2020
CI
04/27STEICO SE Provides Financial Guidance for 2021
CI
More news
Financials
Sales 2021 379 M 429 M 429 M
Net income 2021 44,7 M 50,6 M 50,6 M
Net Debt 2021 104 M 118 M 118 M
P/E ratio 2021 31,3x
Yield 2021 0,37%
Capitalization 1 397 M 1 581 M 1 581 M
EV / Sales 2021 3,96x
EV / Sales 2022 3,48x
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
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 4
Last Close Price 99,20 €
Average target price 119,25 €
Spread / Average Target 20,2%
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 SE67.00%1 581
CHENGXIN LITHIUM GROUP CO., LTD.138.63%7 856
LOUISIANA-PACIFIC CORPORATION85.90%6 080
DEXCO S.A.-5.54%2 214
STELLA-JONES INC.-12.66%2 038
CENTURY PLYBOARDS (INDIA) LIMITED174.17%1 891