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    ST5   DE000A0LR936

STEICO SE

(ST5)
  Report
Real-time Estimate Quote. Real-time Estimate Tradegate - 09/21 03:58:00 pm
111.5 EUR   +3.82%
09/09STEICO SE : Construction progress at the Gromadka site
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07/202021-07-19 CORPORATE NEWS : Half-Year Report
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07/19STEICO SE : H1 2021: Revenues up by around 30%. EBIT lifts 2.5-fold year-on-year.
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SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

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

03/09/2021 | 02:52pm EDT
DGAP-News: STEICO SE / Key word(s): Miscellaneous 
STEICO SE: Investment in production facilities for wood fibre insulation materials at Gromadka site 
2021-03-09 / 20:50 
The issuer is solely responsible for the content of this announcement. 
=---------------------------------------------------------------------------------------------------------------------- 
* 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 EUR 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. 
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 
=---------------------------------------------------------------------------------------------------------------------- 
2021-03-09 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:  1174344 
 
End of News   DGAP News Service 
=------------ 

1174344 2021-03-09

(END) Dow Jones Newswires

March 09, 2021 14:51 ET (19:51 GMT)

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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 1 577 M 1 848 M 1 849 M
EV / Sales 2021 4,48x
EV / Sales 2022 3,92x
Nbr of Employees 1 907
Free-Float 38,9%
Chart STEICO SE
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STEICO SE Technical Analysis Chart | ST5 | DE000A0LR936 | MarketScreener
Technical analysis trends STEICO SE
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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
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